According to TechFlow, according to chaintrail.io data, Algorand's daily transaction volume exceeds 24 million, and the number of transactions in the past 24 hours exceeds BNB Chain, Sui, and Near, ranking at the top of the public chain transaction volume ranking. The chain abstraction Dex project C3 brings a lot of activity. The impressive daily transaction volume data not only fully demonstrates the speed and performance of Algorand as a decentralized, scalable and secure blockchain infrastructure, but also further demonstrates Algorand's on-chain activity and ecological prosperity.
It is reported that Algorand aims to create a Web3 transaction throughput comparable to the speed of traditional finance, with instant finality, near-zero transaction costs, and 24/7 availability. From decentralized finance to generative NFT art to RWA, Algorand is powering future economic models. C3, as a chain abstraction Dex, aims to create a new layer for using collateral and margin across different blockchains. It will first connect the collateral management algorithm and Ethereum, and will also achieve the same function on Algorand and Solana through cross-chain. It has previously received investment from institutions such as Two Sigma Ventures and Jump Capital.
