Avalanche’s trading activity hits the roof but AVAX has other plans

ambcrypto.com:

April started on a promising note for the Avalanche [AVAX] network. After staying flat for most of last month, the daily active addresses on the chain recently hit their highest value on a year-to-date (YTD) basis, in excess of 70k.

Source: Avalanche Explorer

As the number of addresses surged, the transaction count on the platform also followed suit. As per data from Token Terminal , the transaction fees collected on the platform reached a one-month high on 11 April.  

In the past few days,  Avalanche rolled out two important upgrades that could have boosted network traffic.

Realistic or not, here’s AVAX market cap in BTC’s terms

Ava Labs, the developer of Avalanche, launched Evergreen Subnets in the last week to address company-specific requirements for financial services.

Evergreen Subnets enable institutions to pursue their blockchain and digital asset initiatives in private, permissioned chains with verified counterparties while maintaining communication and interoperability with other institutions.

As per its latest tweet, Avalanche cited the example of debt capital markets platform, Intain, which managed to make its workflow more efficient after shifting to Evergreen Subnets.

Take a look at how much time and money their system saves by replacing email and Excel with an #Avalanche Evergreen Subnet