Avalanche’s transaction progress surpassed all different blockchain networks this week, signaling extra investor mindshare rotating to the smart-contract blockchain’s utility token, because it additionally noticed rising governmental adoption.
Avalanche, a smart-contract blockchain aiming to enhance scalability and value, has emerged because the crypto market’s quickest–rising blockchain community.
Transactions on Avalanche rose over 66% through the previous week, surpassing 11.9 million transactions throughout over 181,300 lively addresses, wrote crypto intelligence platform Nansen, in a Friday X publish.
The elevated transactions might sign extra incoming investor curiosity within the Avalanche (AVAX) token, catalyzed by Avalanche’s newest governmental implementation and renewed exchange-traded fund (ETF) filings across the altcoin.
On Thursday, the US Division of Commerce introduced that it’ll start posting actual gross home product (GDP) information on decentralized blockchains, together with Avalanche.
Beginning with the information from July 2025, the GDP reviews will likely be revealed on 9 public blockchain networks, together with Bitcoin, Ethereum, Avalanche, Solana, Tron, Stella, Arbitrum One, Polygon PoS and Optimism, wrote the Division in a Thursday announcement, including:
“That is the primary time a federal company has revealed financial statistical information like this on the blockchain, and the most recent means the Division is using modern expertise to guard federal information and promote public use.”
The Division of Commerce referred to as it a “landmark effort” that will “show the extensive utility of blockchain expertise” and function a “proof-of-concept for all of presidency,” to construct on the US President Donald Trump administration’s imaginative and prescient of constructing the US the “blockchain capital of the world.”
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Different potential developments catalyzing investor curiosity embody crypto funding agency Grayscale’s up to date S-1 submitting for a spot Avalanche exchange-traded fund, which was submitted to the US Securities and Trade Fee on Friday, Cointelegraph reported.
Transactions on second-place Starknet elevated by 37%, whereas the Viction community emerged in third with enlargement of over 35%.
The Base community was sixth when it comes to progress, however ranked first when it comes to transaction rely, with over 64 million transactions over the previous week, Nansen information confirmed.
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Blockchain might make America’s financial information immutable
Publishing financial information on the blockchain will make these reviews “immutable,” wrote US Secretary of Commerce Howard Lutnick, including:
“We’re making America’s financial fact immutable and globally accessible like by no means earlier than, cementing our function because the blockchain capital of the world. And everyone has to confess that 3.3% GDP progress is spectacular.”
“It’s solely becoming that the Commerce Division and President Donald Trump, the Crypto-President, publicly launch financial statistical information on the blockchain,” added Lutnick after the historic announcement.
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