Ava Labs is extremely busy as of now after a recent activity spike on Avalanche.
Avalanche’s daily gas consumption reportedly reached an all-time high (ATH).
The amount of gas used by the Avalanche network can be considered an explanation for high activity levels. In addition, the spike in gas tariff usage also means an increase in network adoption and demand.
Scaling New Horizons
Increasing user activity is the result of Avalanche’s recent development-related updates and announcements.
It already has confirmed the release of nine new NFT collections on the network following the release of Fireheadz this week.
Recently, Avalanche recorded an all-time high in daily trades. It was reached when the stat passed 1.51 million trades on the daily chart on August 9.
Avalanche remains committed to GameFi development on the network.
It witnessed a sharp drop in network usage in the second quarter as GameFi developments moved to subnets.
But Q3 offers another opportunity for Avalanche to build on these gaps.
According to a new update, GameFi has gained high social volume on Google Trend. As it gains momentum, it could potentially lead to a breakout on the Avalanche platform.
In addition, Avalanche recently launched two games on the network: Adventure Games and Strategy.
Avalanche provides the most economic value (in terms of TVL) on a network per unit of energy consumed.
This makes Avalanche a leader in sustainability among leading blockchains. The network also uses only 0.5 GWh of energy per year compared to Bitcoin’s 89,000 GWh.
Despite the impressive activity, the token has not responded well in the past week.
AVAX was trading at $27.42 at press time after receiving a 1.5% cut last day.
This has reduced almost all of AVAX’s modest weekly gains.
This post Avalanche’s new milestone and what it could mean for investors
was published first on https://ambcrypto.com/avalanches-new-milestone-and-what-it-could-mean-for-investors/