Avalanche Uutiset

Thursday Market Wrap: Updates on ARK’s Latest Scoop, Avalanche Network, Polygon zkEVM and More

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Bitcoin’s rare Wednesday sight of $18,000 fueled moderate excitement among market participants, but the momentum fell short of propelling a breakout from this range. The broader market returned to a predominantly red theme on Thursday following the depreciation of the midweek macro boost. The fleeting bounce has set the BTC price on a path that could see it register a daily close below $17,400. The majority of alts have, too, resumed a boring trading setup throughout the day and appear to be headed for a dull Friday served with a bit of chopping action. Polygon (MATIC), Solana (SOL), and Cardano (ADA) have all trailed Bitcoin in the correction. Here is a roundup of everything you have missed today and this week.

Avalanche celebrates network transaction count milestone

Despite enjoying a good week as far as blockchain developments go, the Avalanche (AVAX) token hasn’t been spared from market losses. In other positive news, the Avalanche team shared in a Thursday update that the number of transactions processed on the Avalanche network since its launch has surpassed 500 million. The bulge in overall network transaction count has been chalked up to activity on subnets which averaged a daily network transactions count of 1.1 million transactions in Q3, Nansen data shows.

Avalanche Stats View Network Activity


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