What is Avalanche

Developers Ava Labs claim that Avalanche is the first smart contract network that standardly validates transactions in less than a second. Avalanche launched its main network in September 2020. The main token of this platform, AVAX, performs various tasks in Avalanche and also acts as a reward and payment system for users.

Avalanche supports the entire Ethereum development toolkit and enables millions of independent validators to participate as block producers. This test network has more than 1000 full nodes and block producers and has broken the world record in this case.

The Avalanche platform is capable of processing more transactions than most existing blockchain networks (4,500 transactions per second), and unlike many other blockchains, this network does not become insecure after gaining 51% of network power.

Transactions VS Swaps

Mints vs Burns

Observations→

• The number of swaps is higher than transfer, so that swaps are about 55% and transfer transactions are about 44%.
• The number of transfer wallets was around 51% and the number of swap wallets was around 48%
• Swap volume is about 56% and transfervolume is about 43%
• The average swap volume is about 43% and the average transfer volume is about 56%
• On July 28th, the highest volume of transfer was recorded, and on November 15th, the highest volume of swaps was recorded
• The highest contribution of the number of wallets for transfer was on September 29, and the highest contribution of wallets for swap was on October 25
• The highest average volume of trading was on July 28, and the highest average volume of swaps was on November 15
• The highest transfer transaction was on November 10
• Swap growth has been higher than transfer since July 16

Observations→

• The most transactions were for burning with about 74% and mint transactions were about 25%
• The participation of the wallet for burn and Mint was equal to 50%
• The largest volume was for burn with about 59% and mint volume about 40%
• The average volume for mint was about 66% and for burn was about 33%
• On the 28th of July, the highest volume was burn and Menna
• Since July 28, the volume of burn has increased more than mint
• On July 28, the most transaction was burn , and on August 4, the most transaction was mint
• The most burning was at 14:00 and the most mint was at 14:00
• The highest volume and average volume of mint was at 1:00 p.m. and the highest volume of burn was at 4:00 p.m

written by :writing_hand:

Discord ID: Sal☰h#1747

email : saleh.mz@gmail.com

The dashboard link has been tweeted