The fastest growing chain last 7 days is #avax .
with a 288% surge in active addresses (656,971) and a 120% increase in transactions (2,644,066), per the image data, outpacing competitors like Sonic, Fantom, and BNB Chain.
Avalanche’s growth is likely driven by The Arena, a SocialFi app on its network, which secured $2M in pre-seed funding and has attracted communities from Solana and Ethereum, boosting user engagement and transaction volume. Arena recently launched Arena Dex.
This surge aligns with Avalanche’s strategic rebranding of Subnets to L1s in 2024, enhancing scalability and interoperability, which may be drawing developers and users seeking a high-performance, eco-friendly blockchain alternative.
