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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Essay Content Directio
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
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📅 End at: July 9, 16:00 UTC
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Avalanche surpasses 1 million transactions per day
Avalanche (AVAX), a high-performance Layer 1 blockchain, is experiencing a strong bounce back with a surge in on-chain activity. According to analyst Crypto King, the average 7-day transactions on the network have surpassed 1 million — the highest level in over a year. This indicates that the level of usage and maturity of the network is rapidly increasing.
Avalanche stands out with its unique consensus mechanism that allows for scalability while ensuring security and decentralization. The network also enables the creation of customized subnets (subnet) according to the governance model, tokens, and specific rules of each project. Furthermore, Avalanche supports the Ethereum Virtual Machine (EVM), making it easier for developers to transfer dApps and smart contracts from Ethereum, driving the growth of the ecosystem.