Avalancheโs transaction growth surpassed all other blockchain networks this week, signaling more investor mindshare rotating to the smart-contract blockchainโs utility token, as it also saw increasing governmental adoption.
Avalanche, a smart-contract blockchain aiming to improve scalability and usability, has emerged as the crypto marketโs fastestโgrowing blockchain network.
Transactions on Avalanche rose over 66% during the past week, surpassing 11.9 million transactions across over 181,300 active addresses, wrote crypto intelligence platform Nansen, in a Friday X post.
The increased transactions may signal more incoming investor interest in the Avalanche (AVAX) token, catalyzed by Avalancheโs latest governmental implementation and renewed exchange-traded fund (ETF) filings around the altcoin.
On Thursday, the US Department of Commerce announced that it will begin posting real gross domestic product (GDP) data on decentralized blockchains, including Avalanche.ย
Starting with the data from July 2025, the GDP reports will be published on nine public blockchain networks, including Bitcoin, Ethereum, Avalanche, Solana, Tron, Stella, Arbitrum One, Polygon PoS and Optimism, wrote the Department in a Thursday announcement, adding:
โThis is the first time a federal agency has published economic statistical data like this on the blockchain, and the latest way the Department is utilizing innovative technology to protect federal data and promote public use.โ
The Department of Commerce called it a โlandmark effortโ that may โdemonstrate the wide utility of blockchain technologyโ and serve as a โproof-of-concept for all of government,โ to build on the US President Donald Trump administrationโs vision of making the US the โblockchain capital of the world.โ
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Other potential developments catalyzing investor interest include crypto investment firm Grayscaleโs updated S-1 filing for a spot Avalanche exchange-traded fund, which was submitted to the US Securities and Exchange Commission on Friday, Cointelegraph reported.
Transactions on second-place Starknet increased by 37%, while the Viction network emerged in third with expansion of over 35%.
The Base network was sixth in terms of growth, but ranked first in terms of transaction count, with over 64 million transactions over the past week, Nansen data showed.
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Blockchain could make Americaโs economic data immutable
Publishing economic data on the blockchain will make these reports โimmutable,โ wrote US Secretary of Commerce Howard Lutnick, adding:
ย โWe are making Americaโs economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world. And everybody has to admit that 3.3% GDP growth is impressive.โ
โItโs only fitting that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data on the blockchain,โ added Lutnick after the historic announcement.
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