According to Decrypt, the gaming crypto organization Merit Circle DAO launched the new Beam network on Avalanche in August 2023. According to CoinGecko data, BEAM tokens have risen 36% in the past day and 25% in the past week. At press time, the price of BEAM is about $0.022, close to its all-time high of $0.027 set on December 14. Since mid-December, the total transaction volume of the Beam subnet on its network has also surged, reaching a new high of more than 103,000 transactions on Wednesday, according to Avalanche network data. Since its launch, more than 500,000 wallet addresses have interacted with Beam's blockchain.