The Distributed
  • Cryptocurrencies
    • Adoption
    • Altcoins
    • Bitcoin
    • Blockchain
    • Business
    • Decentralized Finance
    • Ethereum
    • Hacks
    • Crypto Markets
    • NFTs
    • Regulation
    • Scams
    • Stablecoins
  • Finance
    • Banking
    • Central Banks
    • Financial Markets
  • Technology
    • Artificial Intelligence
    • Cyber Security
    • Metaverse
    • Web3
  • Tools
    • Cryptocurrency Market
    • Stock Market
    • Economic Calendar
  • Archive
No Result
View All Result
The Distributed
  • Cryptocurrencies
    • Adoption
    • Altcoins
    • Bitcoin
    • Blockchain
    • Business
    • Decentralized Finance
    • Ethereum
    • Hacks
    • Crypto Markets
    • NFTs
    • Regulation
    • Scams
    • Stablecoins
  • Finance
    • Banking
    • Central Banks
    • Financial Markets
  • Technology
    • Artificial Intelligence
    • Cyber Security
    • Metaverse
    • Web3
  • Tools
    • Cryptocurrency Market
    • Stock Market
    • Economic Calendar
  • Archive
No Result
View All Result
The Distributed
No Result
View All Result
Home News Cryptocurrencies Altcoins

Avalanche Soars To New Highs Despite Crypto Winter

by Angel Sanchez
August 30, 2022 - Updated on April 30, 2023
in Altcoins
Avalanche Soars To All Time Highs Despite Crypto Winter

Avalanche Hits ATHs Amidst Crypto Winter

Avalanche (AVAX) has achieved a new landmark. Despite the bear market rally and Jerome Powell drawdown, Avalanche hit many all-time highs in terms of transactions and user activity.

  • There have been 32.7 million transactions in August with seven days to spare. Moreover, comparing Avalanche’s transaction monthly rate of change with other EVM-compatible blockchains, Avalanche runs ahead at 18.8% with Fantom in second place at 12.6%.
https://twitter.com/_PatrickSutton/status/1562525243414958080
  • Many data variables reflect growth in adoption and utility. NFTs sales in Avalanche triumphed at going slightly above the 250k USD range. Additionally, USDC stablecoin demand on Avalanche increased which led to a rise in its USDC native supply. These Avalanche all-time highs during this economic downturn give us an indication of the prominent future performance of this blockchain.
  • A good chunk of transaction volume is coming from gamers. Thanks to high-profile games such as Crypto Blades joining the space GameFi, Avalanche is exploding in transactions. The main reason for this move is because they are choosing Avalanche for its fast speeds and low transaction fees.
  • Circle customers can mint native Avalanche USDC from the Circle Account instead of using a bridged form of Ethereum USDC which was generating friction due to associated fees. This overtime allowed USDC native supply to peaked at 1.66 million.
  • Regardless of Avalanche’s all-time highs, it has a still declining monthly chart but this is due to the bearish market conditions, macroeconomics, and its tokenomics. Nonetheless, Avalanche users are confident in the blockchain, and adoption has only increased regardless of the laid-up market.
Source: Avaxholic /Twitter
Avalanche all-time highs. Transactions, NFT sales, Gas Usage, USDC Native Supply.
Credits: Avaxholic / Twitter

See related: Tether’s Blockchain Expands After USDT Goes Live On Avalanche

Tags: ATHAvalancheAVAXCrypto WinterCryptocurrencies

Most Read

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024
Artificial Intelligence

Introducing Deep Research: OpenAI’s Launches New Agentic Tool In ChatGPT

February 21, 2025
Altcoins

Avalanche Soars To New Highs Despite Crypto Winter

August 30, 2022 - Updated on April 30, 2023
Cryptocurrencies

Crypto Skyrocketed In May As Bitcoin Gained Institutional, Regulatory Backing – Report

June 16, 2025
Artificial Intelligence

Meta Switches To Clean Energy By Partnering With Constellation

June 18, 2025

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
The Distributed

  • About The Distributed
  • Terms
  • Contact
  • Privacy
  • Editorial
  • Careers
  • RSS Feed

© 2023 The Distributed

No Result
View All Result
  • Cryptocurrencies
    • Adoption
    • Altcoins
    • Bitcoin
    • Blockchain
    • Business
    • Decentralized Finance
    • Ethereum
    • Hacks
    • Crypto Markets
    • NFTs
    • Regulation
    • Scams
    • Stablecoins
  • Finance
    • Banking
    • Central Banks
    • Financial Markets
  • Technology
    • Artificial Intelligence
    • Cyber Security
    • Metaverse
    • Web3
  • Learn
    • The Coins
    • The Future
    • The Innovations
    • The Technology
  • Tools
    • Cryptocurrency Market
    • Stock Market
    • Economic Calendar
  • Research
  • Reviews
    • Exchanges
    • Wallets
  • Headlines
  • About Us
  • Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.