Avalanche Hits Record Highs in October with Unprecedented Network Activity
Avalanche Hits Record Highs in October with Unprecedented Network Activity
📈 Avalanche October Records
October delivered record-breaking performance for Avalanche's network infrastructure.
Key achievements include:
- Highest month ever for active addresses across all L1 chains
- Peak gas usage on C-chain, surpassing all previous records
- Second-highest transaction volume on C-chain
These metrics indicate sustained network growth and increased user adoption across Avalanche's ecosystem. The consistent upward trajectory suggests strong momentum heading into the final quarter of 2024.
Network activity continues climbing with no signs of slowing down.
October: • Highest month ever for active addresses across L1s • Highest month for gas usage on C-chain • 2nd highest month for transactions on C-chain Keep going. 🔺
🏦 Institutions Need Both
**Institutional blockchain adoption requires a dual approach**, according to Morgan Krupetsky. - **Private chains** handle compliance requirements - **Public chains** provide necessary liquidity - **Interoperability** between both systems is essential This hybrid model addresses institutional needs while maintaining the benefits of both blockchain types. Avalanche positions itself as the infrastructure enabling this seamless integration. The approach recognizes that institutions can't rely on a single blockchain type to meet all their operational requirements.
Avalanche October Roundup: 50 Major Ecosystem Updates
October delivered significant momentum for Avalanche with 50 major ecosystem developments. **Major Institutional Moves:** - Visa enabled payments in 4 stablecoins on Avalanche - Gemini launched USDT and USDC transfers - BlackRock's BUIDL added $500M in RWA, making Avalanche the 2nd largest chain behind Ethereum - S&P Digital Markets 50 launched with S&P Dow on Avalanche L1 **Technical Progress:** - Avalanche Granite upgrade went live on Fuji testnet with cheaper ICM, biometric capabilities, and dynamic block times - Multiple new L1s launched including payment solutions and fan loyalty platforms **Diverse Applications:** - Fine wine tokenization brought $60M+ on-chain via Crutrade - K-Pop fandom moved on-chain with 2GATHR app - First legally recognized yen stablecoin (JPYC) launched - Gaming updates across multiple platforms - New DeFi strategies and yield optimization tools The ecosystem showed breadth across RWAs, payments, gaming, and DeFi infrastructure.
🏟️ Sports Teams Tokenize Fan Loyalty
**FanHub** transforms sports fandom into a digital economy on Avalanche's blockchain. The app rewards fans with **real tokens** for: - Checking into games - Making lineup predictions - Sharing team statistics **Key Features:** - Runs on its own Avalanche L1 network - Helps teams track and monetize fan behavior - Powers loyalty programs for clubs like Northern Ireland, Scotland, Derby County, and Hearts FC Avalanche is positioning itself as the **go-to blockchain for sports**, with partnerships spanning FIFA collectibles, Copa América ticketing, and NBA team loyalty programs. [Learn more about FanHub](https://www.avax.network/about/blog/fanhub-a-fantech-breakthrough-turning-sports-fandom-into-a-real-economy)
Avalanche DEX Volumes Hit 2025 Peak at $1.1B
**Avalanche DEX trading volumes exploded overnight**, reaching **$1.1 billion** - the highest level recorded this year. This surge represents a significant milestone for the network's decentralized exchange ecosystem. The spike in activity suggests: - Increased trader confidence in Avalanche-based protocols - Growing liquidity across the network's DEX platforms - Potential catalyst from new project launches or market events The volume surge builds on Avalanche's recent momentum, following earlier growth in stablecoin adoption that reached two-year highs. *This trading activity indicates strengthening fundamentals for the Avalanche ecosystem as institutional and retail interest continues to grow.*