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Avalanche leads blockchain transaction growth amid US gov’t implementation

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 71 Views

Avalanche transaction growth topped all blockchain networks with 66%, as the smart-contract network saw more government implementation and renewed ETF applications.

Update Aug. 29, 1:07 p.m. UTC: This article has been updated to include comments from Ava Labs’ chief strategy officer.

Avalanche’s transaction growth surpassed all other blockchain networks this week, signaling more investor mindshare rotating to the smart-contract blockchain’s utility token, as it also saw increasing governmental adoption.

Avalanche, a smart contract blockchain designed to improve scalability and usability, has emerged as one of the fastest–growing blockchain networks.

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