This week, Avalanche experienced transaction growth that outpaced all other blockchain networks, indicating a shift in investor focus towards the utility token of the smart-contract blockchain, which is also gaining traction in government adoption.
Avalanche, designed to enhance scalability and usability, has become one of the fastest-growing blockchain networks.
Transactions on Avalanche surged over 66% in the past week, exceeding 11.9 million transactions across more than 181,300 active addresses, according to crypto intelligence platform Nansen in a Friday X post.
The spike in transactions might indicate rising investor interest in the Avalanche (AVAX) token, driven by Avalanche’s recent governmental applications and new exchange-traded fund (ETF) submissions related to the altcoin.
On Thursday, the US Department of Commerce revealed that it would begin publishing real gross domestic product (GDP) data on decentralized blockchains, which includes Avalanche.
Beginning with data from July 2025, the GDP reports will be made available on nine public blockchain networks, such as Bitcoin, Ethereum, Avalanche, Solana, Tron, Stella, Arbitrum One, Polygon PoS, and Optimism, as stated in the Department’s Thursday announcement, which added:
“This marks the first instance of a federal agency publishing economic statistical data on the blockchain, showcasing the Department’s commitment to innovative technology for safeguarding federal data while promoting public access.”
The Department of Commerce labeled this a “landmark effort” that could “illustrate the extensive utility of blockchain technology” and act as a “proof-of-concept for the entire government,” building on the vision of the US President Donald Trump administration to establish the US as the “blockchain capital of the world.”
Related: Ethereum exit queue hits record $5B ETH, raising sell pressure concerns
Additional developments likely driving investor interest include Grayscale’s revised S-1 filing for a spot Avalanche exchange-traded fund, submitted to the US Securities and Exchange Commission on Friday, as reported by Cointelegraph.
Meanwhile, transactions on second-place Starknet increased by 37%, while the Viction network saw a growth of over 35% to take the third spot.
The Base network ranked sixth in growth but held the top position in transaction count, recording over 64 million transactions in the past week, according to Nansen data.
Related: Kanye West’s YZY token: 51,000 traders lost $74M, while 11 netted $1M
Blockchain could make America’s economic data immutable
Publishing economic data on the blockchain will make these reports “immutable,” stated US Secretary of Commerce Howard Lutnick, who added:
“We are making America’s economic truth immutable and globally accessible like never before, solidifying our status as the blockchain capital of the world. And everyone has to recognize that 3.3% GDP growth is notable.”
“It’s only fitting that the Commerce Department and President Donald Trump, dubbed the Crypto-President, publicly release economic statistical data on the blockchain,” Lutnick remarked following the groundbreaking announcement.
Magazine: Altcoin season 2025 is almost here… but the rules have changed
