Avalanche Is Now About To Surpass Ethereum’s Transaction Volume, Reported On January 28
On January 28, Ava Labs CEO Emin Gun Sirer stated via Twitter that Avalance’s transaction volume now is about to catch up with Ethereum.
“Avalanche ($AVAX) processed 1.1 million transactions today, approximately 96% of Ethereum’s load,“ he wrote.
Some Twitter users argued that they will continue to use Ethereum despite its high gas fee since it is more decentralized than Sirer’s platform. In contrast, he totally disagreed with those opinions.
“Doesn’t look that decentralized to me, and I’ve measured things,” he answered them.
According to Defi Llama data, Avalanche is the fifth-biggest smart contract platform with $8.19 billion in total value locked (TVL). On the other hand, Ethereum is still in first place with $113.67 in TVL.
The average fees for a swap operation were $0.23 on Avalanche in comparison to $62.00 on Ethereum. Messari, a crypto research/data firm, told that Avalanche is an attractive platform for “fee-sensitive users”.
“Given this rapid adoption, Avalanche is becoming an enticing platform for upcoming projects that want to maintain EVM compatibility while attracting fee-sensitive users,” Messari tweeted on January 28.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avalanche Is Now About To Surpass Ethereum’s Transaction Volume, Reported On January 28
On January 28, Ava Labs CEO Emin Gun Sirer stated via Twitter that Avalance’s transaction volume now is about to catch up with Ethereum.
“Avalanche ($AVAX) processed 1.1 million transactions today, approximately 96% of Ethereum’s load,“ he wrote.
Some Twitter users argued that they will continue to use Ethereum despite its high gas fee since it is more decentralized than Sirer’s platform. In contrast, he totally disagreed with those opinions.
“Doesn’t look that decentralized to me, and I’ve measured things,” he answered them.
According to Defi Llama data, Avalanche is the fifth-biggest smart contract platform with $8.19 billion in total value locked (TVL). On the other hand, Ethereum is still in first place with $113.67 in TVL.
The average fees for a swap operation were $0.23 on Avalanche in comparison to $62.00 on Ethereum. Messari, a crypto research/data firm, told that Avalanche is an attractive platform for “fee-sensitive users”.
“Given this rapid adoption, Avalanche is becoming an enticing platform for upcoming projects that want to maintain EVM compatibility while attracting fee-sensitive users,” Messari tweeted on January 28.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
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