The cryptocurrency market remained calm on Monday after a range-bound weekend.
Most altcoins traded near key price levels as Bitcoin consolidated below $108,000, trading at $107,655.
Meanwhile, bullish ecosystem updates have renewed sentiments around $AVAX, which appears ripe for substantial recoveries to $27 resistance – a 49.01% gain from current prices.
The Avalanche Foundation has announced that the network has surpassed 3 billion transactions, a key accomplishment in blockchain adoption and scalability.
According to the team:
This milestone reflects the continued growth, adoption, and scalability of the Avalanche network. Momentum is building, and we’re just getting started.
Avalanche has officially surpassed 3 billion total transactions 📈
This milestone reflects the continued growth, adoption, and scalability of the Avalanche network.
Momentum is building, and we’re just getting started 🔺
The landmark reflects Avalanche’s continued ecosystem expansion, improved user activity, and appeal to developers and investors.
The project has made strategic moves in various sectors, including real-world asset tokenization, gaming, enterprise use cases, and DeFi.
The massive transactions position Avalanche as an attractive Layer 1 and a key player in the web3 industry.
Notably, the milestone comes as blockchain gains global traction, with individuals and businesses interested in real-world utility.
Avalanche’s ability to handle massive transactions without surging fees or congestion highlights a sought-after combination of ensuring scalability and speed while promoting decentralization.
Recently, AVM-compatible Avalanche c-chain (contract chain) saw transactions skyrocketing to all-time highs, while media gas fees plummeted to around $0.001.
Traffic is up. Gas is down.
Avalanche C-Chain transactions are hitting all-time highs—while median gas fees have dropped from ~$0.12 to less than $0.001 since the Etna & Octane upgrades.
In other adoption news, the AI-powered platform Blockticity leveraged Avalanche’s technology to launch a Layer 1 platform and authenticate global trade.
Blockticity debuts Avalanche-powered L1 to boost trade authenticity
The blockchain platform used AvaCloud to launch an Avalanche-powered network to authenticate goods worth over $1.2 billion.
The new chain uses AI-centric, tamper-evident COAs (Certificates of Authenticity) to help companies adhere to evolving compliance demands.
Blockticity CEO Mike Coner stated:
As global trade becomes more complex, compliance is no longer a nice-to-have. It’s a requirement. Our platform solves the counterfeit and document fraud problem at scale, by launching an Avalanche L1, we’re combining real-time transparency with enterprise-grade infrastructure built for global adoption.
AVAX price outlook
The native token displays recovery signals as the community celebrates the network milestone.
AVAX has consolidated within the $22 and $16 range over the past month.
It trades at $18.12 after gaining 7% in the previous week.
Thus, the digital coin hovers at a crucial juncture, hinting at potential breakouts.
Amplified bullish momentum might propel AVAX’s price towards May 15 intraday highs of $27.
That would translate to a 49.01% from the altcoin’s current price.
Avalanche exhibits a rich ecosystem, which signals long-term stability for the project.
The 3 billion transaction landmark confirms real-world utility and confidence in the blockchain’s future.
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