Recently, we noticed a sustained increase in transaction activity on the Avalanche C-Chain, prompting a deeper look into what’s driving it. In this issue of Coin Metrics’ State of the Network, we explore what’s fueling the increase, from low-value USDC activity to new L1 launches like MapleStory Universe, and what this reveals about emerging user behaviour on Avalanche.
Key Takeaways
- Transactions on the Avalanche C-Chain have risen from ~250K to nearly 1.2M in June, driven in part by USDC and a surge in low-value transfers under $10.
- Protocol infrastructure like DEX routers and new Avalanche L1s, such as MapleStory Universe, have contributed to this growth by enabling high-frequency swaps, bridging, and application-specific transactions.
- The Etna upgrade lowered average transaction fees on the C-Chain by over 90% and reduced validator costs, helping boost on-chain activity and making it easier to launch purpose-built Layer-1s across gaming, social, and enterprise use cases.
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