This past week, Avalanche recorded transaction growth that outpaced all other blockchain networks, indicating a shift in investor interest towards the utility token of this smart-contract blockchain, particularly with its rising governmental usage.
Avalanche, designed to enhance scalability and user-friendliness, has positioned itself as the fastest-growing blockchain network in the cryptocurrency space.
In the last week, transactions on Avalanche increased by over 66%, totaling more than 11.9 million across over 181,300 active addresses, according to a Friday post by crypto intelligence platform Nansen.
This influx of transactions suggests heightened investor interest in the Avalanche (AVAX) token, driven by recent governmental initiatives and renewed discussions around exchange-traded funds (ETFs) related to the altcoin.
Source: Nansen
On Thursday, the U.S. Department of Commerce revealed plans to post real gross domestic product (GDP) data on decentralized blockchains, including Avalanche.
Starting from July 2025, GDP reports will be available on nine public blockchain networks, which include Bitcoin, Ethereum, Avalanche, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism, according to a Thursday announcement. The Department stated:
“This is the first instance of a federal agency releasing economic statistical data on the blockchain, showcasing an innovative approach to securing federal data and supporting public use.”
The Department of Commerce referred to this initiative as a “landmark effort” that may illustrate the broader utility of blockchain technology and serve as a “proof-of-concept for the entire government,” aligning with the vision of previous U.S. President Donald Trump’s administration to establish the U.S. as the “blockchain capital of the world.”
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An excerpt from the title page of the S-1 for Grayscale Avalanche Trust (AVAX). Source: SEC
Further factors potentially driving investor interest include Grayscale’s updated S-1 filing for a spot Avalanche exchange-traded fund, which was submitted to the U.S. Securities and Exchange Commission on Friday, as reported by Cointelegraph.
In comparison, transactions on Starknet, the second-place network, grew by 37%, while the Viction network saw a 35% increase.
The Base network ranked highest in terms of transaction count with over 64 million transactions over the past week, according to Nansen’s data.
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Blockchain could make America’s economic data immutable
US Secretary of Commerce Howard Lutnick stated that publishing economic data on the blockchain will result in “immutable” reports, commenting:
“We are ensuring America’s economic truth is immutable and globally available like never before, solidifying our status as the blockchain capital of the world. And it’s undeniable that a 3.3% GDP growth is remarkable.”
“It’s only appropriate that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data via the blockchain,” Lutnick noted following the historical announcement.
US GDP hash on nine public blockchains. Source: commerce.gov
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