Avalanche Surges in Transactions Amid US Government Adoption
- Avalanche recorded over a 66% increase in transactions, totaling 11.9 million across 181,300 active addresses this week.
- The US Department of Commerce announced it will publish real GDP data on nine public blockchains, including Avalanche, starting July 2025.
- Luigi D’Onorio DeMeo from Ava Labs attributed growth to increased activity on Avalanche’s layer-1 blockchains and decentralized finance (DeFi) sectors.
- Grayscale submitted an updated S-1 filing for a spot Avalanche exchange-traded fund (ETF) to the SEC.
- Starknet and Viction networks also saw transaction increases of 37% and 35%, respectively.
The significant rise in Avalanche’s transactions indicates growing investor interest, fueled by government initiatives and developments in the DeFi space. The publication of GDP data on blockchain aims to enhance transparency and accessibility of economic information.
With over 11.9 million transactions this week, Avalanche is leading blockchain growth amid increasing governmental adoption efforts.(Source)
