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Avalanche network records 3.4% growth in Q4 2022
- Zeynep Geylan
- 2023-02-01
- 3589
- Technology
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Summary:Avalanche ended 2022 with significant subnet improvements and an increased number of daily transactions.
According to the latest research results of Messari, the avalanche (AVAX) Internet remains detailed and will grow again in the fourth quarter of 2022.
According to the Messari report, several subnet updates have been released during this period, and the number of daily transactions has increased.
Transactions and users
The daily active detailed addresses increased by 3.4% from 46460 in the third quarter of 2022, and increased to 48023 on December 31, 2022. This data also shows a year-on-year increase of 34.7%.
Although the daily active detailed address remained relatively stable, the daily average number of transactions soared to 2.9 million, up 84.6% from 1.5 million in the third quarter of 2022. The year-on-year growth of daily trading volume is also estimated at 514.8%.
The figure shows the daily transactions since the beginning of 2022. According to the data, Avalanche's DFK and StepNetwork subnets began to help most daily transactions after they were launched in the first quarter of 2022 and the third quarter of 2022
With the stability of the number of detailed addresses of theme events and the improvement of the number of daily transactions, the number of transactions per second has increased from 18 in the third quarter of 2022 to 33 in the fourth quarter, an increase of 84.6%.
Subnet
The Avalanche elite team still launched two subnets or two subnets in the final quarter of 2022. The subnets Dexalot and XanaChain were announced on September 30, 2022 and November 18, 2022 respectively.
On October 20, the Avalanche main network launched the elastic certification update. According to allowing the founder to use his own subnet dynamic password to stimulate the PoS authentication incentive, this update allows the owner to change into a subnet verifier according to the pledged subnet dynamic password.
On December 22, Avalanche Warp Messaging (AWM) was announced on the Internet, allowing all subnets to communicate with each other. This avoids the importance of creating independent highway bridges for new projects that want to transfer property or databases between subnets.
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