• Avalanche (AVAX) recorded a 3.4% growth in active daily addresses in Q4 2022.
• The average daily transactions on the network spiked to 2.9 million, marking an 84.6% increase from Q3 2022.
• The Avalanche team launched two subnets and facilitated the majority of daily transactions in Q1 and Q3 2022.
The Avalanche (AVAX) network ended 2022 with significant subnet improvements and an increased number of daily transactions, according to recent research from Messari. The research revealed that the average active daily addresses recorded a 3.4% growth from 2022 Q3’s 46,460 and increased to 48,023 on Dec.31, 2022. This number also indicates a 34.7% year-over-year growth.
The number of average daily transactions also spiked to 2.9 million in Q4 2022, marking an 84.6% increase from the 1.5 million recorded in 2022 Q3. The year-over-year growth in the number of daily transactions was also calculated as 514.8%. The data shows that Avalanche’s DFK and StepNetwork subnets started to facilitate the majority of daily transactions as soon they were launched in 2022 Q1 and 2022 Q3, respectively.
The increased daily transactions also resulted in an increased number of transactions per second, which was calculated as 33 in Q4, indicating an 84.6% increase from 2022 Q3’s 18. The Avalanche team also launched two subnets and facilitated the majority of daily transactions in Q1 and Q3 2022. This included the C-Chain subnet, which was launched in Q1, and the StepNetwork subnet, which was launched in Q3.
The launch of these two subnets and the increased number of daily transactions have resulted in a much more secure and efficient network. This is evident from the fact that the network was able to handle more than 2.9 million transactions per day without any major issues.
Overall, the Avalanche network continued to show strong growth in Q4 2022. With the launch of two new subnets and the increased number of daily transactions, the network has established itself as a secure and efficient blockchain platform. The future of the network looks even brighter as the team continues to work on new projects and improvements.