Nansen’s latest blockchain analytics report highlights Avalanche as the best performing blockchain this week, driven by exceptional fee and transaction growth.
Other notable performers include Gravity, Ton, Blast, and Algorand, each demonstrating unique strengths in fee revenue and user engagement metrics.
According to COINOTAG, “Nansen’s data reveals a clear divergence between chains focusing on user acquisition and those optimizing transactional revenue.”
Discover the top-performing blockchains this week as Nansen reports Avalanche leading with 122% fee growth, alongside key insights on Gravity, Ton, Blast, and Algorand.
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The blockchain analytics platform Nansen has identified Avalanche as the standout performer this week, boasting a remarkable 122% increase in fee revenue coupled with a 133% rise in transactions. This dual growth indicates not only heightened network usage but also enhanced monetization capabilities within the Avalanche ecosystem. Such a surge suggests that Avalanche is successfully attracting both new users and higher-value transactions, positioning it as a dominant Layer 1 chain in the current market landscape.
Following Avalanche, Gravity demonstrated a significant 49% increase in fees alongside a 39% rise in active addresses, reflecting robust user adoption and transactional activity. Ton maintained consistent on-chain momentum with a 40% fee growth, underscoring its steady performance in a competitive environment. These figures highlight how different blockchains are leveraging both user expansion and transaction value to drive growth, offering diverse pathways to network success.
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Source: https://en.coinotag.com/avalanche-among-top-blockchains-showing-potential-fee-and-transaction-growth-this-week-according-to-nansen/