Ali3N
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    COQNet L1 Monitor (OLD)

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    Flipside AI

    The Coqnet Avalanche subnet demonstrates promising early-stage network development with significant growth indicators. Daily transactions surged by 4,371%, reaching 313 transactions, while active addresses increased 114% to 22 users. The network also shows steady validator expansion, reaching 18 total validators, though transaction performance remains low with inconsistent speeds fluctuating near zero. Total fees grew from near-zero to $1.01, and cumulative unique addresses reached 51, suggesting potential for emerging blockchain ecosystem growth.

    Intro

    Coqnet is the first Proof-of-Stake (POS) L1 blockchain in the Avalanche ecosystem, designed to foster vibrant communities, empower innovative developers, and support committed validators. Powered by GoGoPool, Coqnet aims to provide a scalable and efficient network for decentralized applications.

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    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.