Monday, September 25, 2023
HomeEthereumAvalanche (AVAX) Could Surpass Ethereum (ETH) Next Quarter in Terms of This...

Avalanche (AVAX) Could Surpass Ethereum (ETH) Next Quarter in Terms of This Metric: Analytics Firm Messari

A major crypto research firm says Avalanche (AVAX) is just behind Ethereum (ETH) in terms of the number of transactions per day.

In a new blog post, digital asset research firm Messari Note The Ethereum had an average of about 1.17 million transactions per day in the first quarter of 2022.

According to crypto research firms, Avalanche recorded an average of 74% of Ethereum in the first quarter and could exceed that in the second quarter.

“With the incentive program in place and the subnet launching underway, Avalanche has an interesting opportunity to surpass Ethereum in the next quarter.”

Subnets, according to Avalanche Means Subnetwork. This is a set of dynamic validators that work together to reach a consensus on the state of a set of blockchains.

Messari also predicts that Avalanche’s transaction fees will drop in the second quarter, thanks to Avalanche’s major upgrades. apricot..

“With the further release of Apricot, transaction fees have stabilized and averaged around $ 0.67 per transaction. Apricot facilitates” verifiable pruning, “a process by which nodes can securely compress historical transactions. The purpose is to.

It has a pricing mechanism that keeps transaction costs low and allows users to predict. Although transaction fees are stable, they are on the rise in conjunction with daily transactions. Average transaction fees are expected to remain stable and declining as more apricot releases are expected. “

AVAX is trading at $ 76.94 at the time of writing. Cryptocurrency assets, which rank 10th in market capitalization, have fallen by more than 3% in the last 24 hours and by almost 20% in the last two weeks.

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Featured Image: Shutterstock / Avishake07

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