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Avalanche [AVAX] raises investors’ hope, but things might take a U-turn
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The Avalanche[AVAX] ecosystem shared the weekly status report of activities on its C-chain. One of the major highlights was the big jump in transactions per second (TPS) clocked in by the network.
Over the past week, the highest TPS recorded was 468, an increase of 24% from the highest value in the week before. This suggested that the overall speed and efficiency of the network improved drastically. Notably, the total number of transactions also witnessed a marginal increase.
The C-chain or the Contract chain, is used for smart contracts and Defi apps deployment. Most Avalanche Defi protocols such as AAVE and Trader Joe work on the C-chain.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
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