Avalanche Tops Blockchain Networks with 66% Transaction Growth

Avalanche became the fastest-growing blockchain this week, with transactions jumping over 66% to more than 11.9 million across 181,000 active addresses.

The growth is fueled by increased government adoption, rising DeFi activity, and renewed interest in ETFs.

Avalanche Leads Blockchain Growth

The Avalanche transaction volume has risen by 66% surpassing all blockchain networks, driven by increased government use and renewed interest in ETFs

Luigi D’Onorio DeMeo, the Chief Strategy Officer at Ava Labs, explained that Avalanche’s increasing activity is due to organic growth in its layer-1 (L1) blockchains, higher transactions on the Avalanche C-chain, especially payments with stablecoins, and rising activity in decentralized finance (DeFi).

Additionally, investors’ interest may also be growing, as Grayscale has filed an updated S-1 application for a spot Avalanche ETF with the United States Securities and Exchange Commission.

Coming in second after Avalanche is Starknet with a 37% increase, followed by Viction network with a 35% surge. The Base network led in total transactions with more than 64 million last week, but it was ranked sixth in terms of growth.

Blockchain to Host U.S. Economic Report

Beginning with July’s data, the U.S. Department of Commerce announced it will publish the real Gross Domestic Product reports on decentralised blockchains, including Bitcoin, Ethereum, Avalanche, Tron, Stella, Arbitrum, One, Polygon PoS, and Optimism.

The move is in support of the Trump administration’s goal of making the U.S. the world’s blockchain capital,  a major step to demonstrate the practical use of blockchain technology.

According to U.S. Secretary of Commerce Howard Lutnick, posting GDP reports on blockchains will make America’s economic data permanent, adding that the initiative could expand to other federal departments once the Commerce Department completes it.