Ava Labs CEO Emir Gün Sirer made a remarkable post on Twitter. Sharing data on Avalanche transaction volume, Sirer stated that the smart contracts platform Avalanche reached 1.1 million transaction volume on January 27.
Sirer included the following words in his tweet:
“Avalanche ($AVAX) has processed 1.1 million transactions today, about 96 percent of Ethereum’s load. The average fee for a swap is $0.23 in Avalanche and $62 in Ethereum. Let’s build together”
We can say that Avalanche is right on the back of Ethereum, which is the market leader in this state.
According to data from DefiLlama, Avalanche is the fifth largest smart contract platform with $8.17 million TVL. According to Messari, an average of 475,000 transactions per day were processed in the network in the last quarter of 2021. In Ethereum, this number is 1.25 million. The company stated that the network is attractive for users who are sensitive about fees, with the following words:
“Given this rapid adoption Avalanche is becoming an attractive platform for new projects that want to maintain EVM compliance while attracting fee-sensitive users”
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