Avalanche Blockchain Hits Major Milestone with Surging Network Activity and Increased Transaction Sizes #AvalancheAVAX

The Avalanche layer 1 blockchain has reached a significant milestone, with over six million addresses holding a balance, according to data from IntoTheBlock. This indicates increased network activity as the market recovers from a minor correction. On November 22nd, the number of transactions on the Avalanche blockchain hit a new all-time high of 6.35 million. Transaction sizes between $0.00 and $1.00 saw an impressive surge of 3156.83%, followed by the $1 million to $10 million cohort with a 233.33% increase. Transaction sizes ranging from $1k to $10k and $100k to $1 million increased by 110% each, while the $10 to $100 range experienced an 81.51% surge. The only decline was observed in the $1.00 to $10.00 range with a negative value of 48.21% over the past month. The transaction volume also spiked to over 21 million #AVAX, reaching levels not seen since May 2022. The total value locked on Avalanche is slowly recovering this month, and the ecosystem received a $10 million investment from Colony Lab to support the network's expansion. #avalanche