The Avalanche blockchain network is seeing remarkable growth in transaction volume, leading all networks in weekly transaction increases. This surge in activity corresponds with announcements that the United States government is leveraging blockchain technology for the release of key economic indicators.
Data from Nansen indicates a significant jump of 66% in the number of operations performed on the Avalanche network during the last week, bringing the total beyond 11.9 million transactions. The number of active addresses interacting with the network has also grown, reaching approximately 181,300.
What have been the fastest txns growth in past 7d?@avax +66% leads.@Starknet +37%@BuildOnViction 35%@optimism +22%@Scroll_ZKP 21%@base +19% pic.twitter.com/BBlPDKNZok
— Nansen 🧭 (@nansen_ai) August 29, 2025
While Avalanche experienced the highest percentage growth, outperforming Starknet (+37%) and Viction (+35%), Base boasts the largest overall weekly transaction count with 64 million operations.
The U.S. Commerce Department has already started utilizing distributed ledger technology to publish Gross Domestic Product (GDP) reports.
This data has been made available across nine different public blockchains: Avalanche, Bitcoin, Ethereum, Solana, TRON, Stellar, Arbitrum One, Polygon PoS, and Optimism.
Data oracles Pyth and Chainlink are playing a crucial role in this initiative, facilitating the delivery of data. Cryptocurrency exchanges, including Coinbase, Gemini, and Kraken are also collaborating to assist in the publication process. The Commerce Department has stated it plans to broaden the range of blockchains and associated services involved.
The department emphasizes that this publication of data is for informational purposes only and does not imply endorsement of any specific blockchain network or service.
The department released the SHA-256 hash of the official PDF report, along with the final GDP growth figure. This hash and associated data are recorded as notes within blockchain transactions or integrated into smart contracts. For blockchains compatible with the Ethereum Virtual Machine (EVM), the protocol is being implemented using the Solidity programming language.
According to Commerce Secretary Howard Lutnick, utilizing a distributed ledger for publishing statistics will ensure these reports are “immutable and globally accessible.” He further believes this will solidify the United States’ position as the “world capital of blockchain innovation.”
Earlier in July, it was announced that Grove, a lending platform operating within the Sky ecosystem, intends to establish its infrastructure on the Avalanche network to manage tokenized real-world assets (RWAs) with a potential value of up to $250 million.
Нашли ошибку в тексте? Выделите ее и нажмите CTRL+ENTER
Рассылки ForkLog: держите руку на пульсе биткоин-индустрии!