<ul data-eligibleForWebStory="true"><li>The 7-day moving average of on-chain transactions on Avalanche has surpassed 1 million, a significant increase from 296,000 at the start of May.</li><li>Avalanche witnessed a surge in network activity during May, with daily transaction averages more than doubling to nearly 700,000 by mid-month.</li><li>From May 31 to mid-June, the 7-day moving average spiked from 400,000 to 1 million, marking the highest point in over a year.</li><li>This surge in activity also impacted transaction fees, with the average fees doubling from 0.0035 AVAX to 0.0072 AVAX in the same period.</li><li>Active addresses peaked in May with a record 3.6 million, surpassing the previous high of 3.09 million in December 2021.</li><li>However, daily active addresses have subsided to around 68,000 after the peak.</li><li>The increased network activity on Avalanche indicates a rise in user engagement, with record-breaking active addresses and transaction volumes.</li><li>The sustained momentum of Avalanche in the second quarter will likely hinge on continued user adoption and the network's ability to convert the current spike into lasting growth.</li></ul>

Avalanche Transaction Volume Hits 1 Million as Network Activity Surges

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