📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
What is the Current State of Avalanche (AVAX) Network? Analysis Company Deeply Examined AVAX!
Cryptocurrency research and analysis firm Messari has released its latest report titled detailing important developments and ecosystem growth on the Avalanche (AVAX) blockchain.
One of the most significant events of the fourth quarter was the launch of the Avalanche9000 upgrade on December 16, 2024. This upgrade significantly reduced Layer-1 distribution costs by 99.9% and C-Chain usage costs by 96%, greatly enhancing scalability and efficiency across the network. According to Messari, these improvements are expected to facilitate further adoption and development within the Avalanche ecosystem.
Avalanche's decentralized finance (DeFi) ecosystem continued to grow, and the total locked value (TVL) reached 1.6 billion dollars, as demonstrated by BlackRock's expansion of the BUIDL fund to the Avalanche network, institutional interest also increased.
AVAX recorded a significant price increase by surpassing $45 in December 2024 from the $17.72 level in August. However, a noticeable decrease in the AVAX price has been observed since that day.
Avalanche network saw a significant increase in transaction fees in the 4th quarter. Transaction fees in AVAX increased by 24% quarter-over-quarter, rising from 85,200 to 105,600, while revenue in USD jumped by 88% from 2.1 million to 4 million compared to the previous quarter. However, despite these gains, both USD and AVAX transaction fees decreased by 93% year-over-year primarily due to declining transaction volume and the impact of the Avalanche9000 upgrade on C-Chain base fees.
Avalanche follows a unique economic model where all network revenues are burned, while validators and stakers receive newly minted coins as rewards. The total supply of AVAX remains fixed at 720 million tokens. Half of this supply is allocated for staking rewards, and the issuance rates vary based on staking participation and duration.
The Q4 report revealed that Avalanche's annualized inflation rate dropped to 3.9% and indicated a decrease from 4.8% to 19% compared to the previous quarter. In addition, the percentage of eligible AVAX supply staked decreased by 17% from 54.9% to 45.6% compared to the previous quarter.