flipside

    Try Quests to earn AVAXTry Quests to earn AVAX
    Share

    Avalanche Ecosystem Growth

    Analysis of the Avalanche Labels data to identify the sectors of the chain that have the highest growth in user activity, transaction volume, and liquidity volume over time.

    Avalanche Ecosystem

    • Avalanche is a blockchain platform with the native currency AVAX.

    • Avalanche is a competitor to Ethereum that prioritizes scalability and transaction processing speed.

    • AVAX is used to secure the Avalanche blockchain and pay transaction fees across the network.

    • Transaction fees and the rate of AVAX coin creation are determined using a governance model. more

    db_img
    Introduction

    Methodology

    • This dashboard takes a deep dive into the Avalanche ecosystem, which is divided into four key areas: the decentralized exchange (DEX), decentralized finance (DeFi), decentralized apps (DApp), and non-fungible tokens (NFT).

    • The applications within each sector are broken down, displaying the best-performing apps driving development in their respective fields.

    • The dashboard's purpose is to provide insight on user involvement across sectors. The most active users and sectors are covered in detail. Additionally, it draws attention to sectors in which users interact with contracts frequently.