According to Odaily Planet Daily, Coin98 Analytics released Avalanche's financial report data for the second quarter of this year. The report shows that Avalanche's expenses and revenues in the second quarter totaled $3.5 million. AVAX transaction volume reached a staggering $42.5 billion, an increase of more than 165% compared with the same period last year. Avalanche has conducted more than 101 million transactions in the second quarter, created 2.3 million new addresses in all subnets, and the total number of independent addresses reached more than 21 million, an increase of 92% over the same period last year. Avalanche's TVL is $710 million, and NFT sales exceeded $28.3 million, a 10-fold increase year-on-year. The total market value of on-chain stablecoins reached $1.6 billion, of which USDT and USDC increased by 10.1% and 4.4% month-on-month, respectively.
