My people! What's up, friends? Be alert because this thing is on fire! It seems that Avalanche (AVAX), that cryptocurrency we sometimes saw a bit sleepy, is waking up with a bang! 🚀
It turns out that the transaction volume, that is, the number of times people are using the Avalanche network to move their virtual cash, is skyrocketing! Imagine that at the beginning of May, it was around 296,000 transactions, and now, hold on tight! The average for the last 7 days has already surpassed one million transactions. One million, folks! We hadn't seen that in over a year. It's crazy! 🤯
Kosta Gushterov, a reporter who is super sharp on the crypto topic, tells us in Coindoo that this increase started at the beginning of May. At first, it was quiet, but by mid-month it doubled and reached nearly 700,000 daily transactions. Then it took a breather, but in June, bam!, it shot back up from 400,000 to that million I'm telling you about. It's more active than a kid in an amusement park! 🎢
And of course, if people are using the network more, then the fees are also going up a bit. It's like when the demand for something grows, the price moves. The fees doubled from 0.0035 AVAX to 0.0072 AVAX. But don't worry, it's nothing to be scared of! It's a sign that the network has more activity, and that's a good thing. 🤑
But wait, here comes the best part! Active addresses, which are like the unique accounts people have using Avalanche, broke a historical record in May! They went from 40,000 to almost 296,000, reaching a total monthly of 3.6 million active accounts. That's more than the previous record of December 2021, which was 3.09 million! Can you imagine? It's like everyone suddenly wanted to ride the Avalanche wave. 🌊 That said, after that peak, daily active addresses dropped a bit, but they remain around 68,000, which is still a considerable number.
In summary, the situation is clear: there is renewed interest in Avalanche. Transactions are soaring, and new accounts keep popping up. Now the million-dollar question is whether this 'boom' will continue with the same strength or if it will cool down. We'll have to stay sharp to see what happens in the rest of the second quarter! This is getting interesting! 👀$AVAX