Network activity climbed from about 300,000 daily transactions over the past year, marking a sharp increase in on-chain usage.
Avalanche recorded a sharp rise in network activity, with daily transactions increasing nearly 20-fold over the past year from around 300,000 to a spike of 6.2 million on July 13. The jump points to a significant increase in on-chain usage, a metric traders and analysts often watch to gauge demand for a blockchain network and the applications running on it.