Stars Arena, previously known as Starshares, has emerged as a prominent player on the Avalanche network (#AVAX ). Since its launch in late September, Stars Arena has experienced a remarkable surge in popularity, capturing the attention of crypto enthusiasts and industry analysts alike.

According to DappRadar, Stars Arena's daily transactions witnessed a meteoric rise, reaching over 215,000 transactions on Oct. 2. The transaction volume on Stars Arena surpassed $1.7 million on the same day. Considering the platform averaged around 16,000 transactions in late September, it has also been struggling to keep up with demand due to overloaded servers.

One of Star Arena's key features is linking Twitter accounts, enabling users to instantly create profiles and trade tickets of others on the platform while interacting with them.

Active Stars Arena users have been praising platform's accessibility compared to its competitors. Despite Stars Arena's rapid growth, Friend.Tech maintains a substantial lead in the SocialFi space, boasting 7.25 million monthly transactions and $33.4 million in weekly volume.

At the moment, Stars Arena's statistics show 691.8 thousand monthly transactions and $6.4 million in weekly volume, indicating room for further expansion.

The surge in Stars Arena's popularity has also positively impacted the $AVAX token, driving its value from $9.21 to the current trading price of $10.70, at the time of writing.

Analysts attribute this boost to the significant increase in Avalanche network transactions, emphasizing the transformative potential of a single groundbreaking application in the crypto industry.

How will the SocialFi hype affect AVAX's price?

When I looked at the$AVAX chart, I noticed that there were. no weekly retests given at the 40-43 level at the beginning of the bear market. If the tides turn in #crypto markets, AVAX could retest the weekly zone marked on my chart on the back of the SocialFi hype.