Latest Avalanche Update, Avalanche 9000 Catapulted The Firm’s Growth Across Network

POTUS Donald Trump is hell-bent on making crypto an accessible asset for millions of Americans. As a result, the overall zeal for mass-scale adoption is high. Therefore, companies like Avalanche 9000 want to bank on that bandwagon effect. Recent growth in the firm’s position in the market is a testament to that zeal.   

Avalanche 9000 network completed around 20 million transactions in just 58 days. This shows the rate at which Avalanche is becoming popular. As per data shared by Cryptonews, the network preserves around 355.4K daily operations with a transaction volume of around 596.2K in a single day. Active blockchain activity of the platform remains stable as the volume has not gone below 235.8K

Sources suggest that Avalanche is planning on bringing some more updates to their software in an attempt to increase the trade volumes. These updates are geared towards improving the overall footfall of the platform.  One such upgrade was deploying close to 122 million smart contracts. After the latest series of updates, Avalanche 900 has managed to deploy around 200,000 smart contracts. Moreover, developers have started remaining more active on the network. Therefore improving the accessibility. 

Avalanche Upgrade Story: DEX/NFT Growth 

Avalanche was already showing decent enough traction. However, the upgrade managed to push the number higher and attracted more traders. The platform’s volume remained mostly stable and predictable, especially for Hashflow v3 and Balancer protocols. Meanwhile, protocols like Trader Joe v2 and Uniswap v3 recorded the highest trade volumes, at around $500 million. Such a high figure was recorded just after the upgrade. 

Things looked similar when it came to NFT as well. Before the update, overall transactions were recorded between 30,00 and 20,000. However, this figure increased and reached nearly 2 million after the upgrade. Subsequently, the NFT activity surpassed the 100,000 daily count, while accumulated mints surpassed the 5 million margin. Therefore, the positive effects of the upgrade are demonstrated. 

Somewhere along the line, it must be acknowledged that this meteoric rise in sales figures is not just the result of an update but the changing attitude towards the crypto family as a whole. Follow for more crypto news.