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<ul><li>Stars Arena records over 215,000 transactions in one day, a significant increase from 16,000 at launch.</li><li>The platform&#39;s total value locked (TVL) surges by 3,400%, reaching $1.17 million within a week.</li><li>The growth of Stars Arena positively influences the Avalanche network, leading to a nearly 50% increase in AVAX-denominated transactions.</li></ul>In a striking display of rapid growth, Stars Arena has catapulted from its initial status as a fledgling decentralized social finance application to a formidable player in the space. Launched in late September under its original name, Starshares, the platform operates on Avalanche&#39;s Contract Chain (C-Chain) and is fully compatible with Ethereum Virtual Machines (EVM).According to DappRadar, Stars Arena clocked in over <a href="https://dappradar.com/dapp/stars-arena" rel="noopener noreferrer nofollow">215,000 transactions</a> in just one day, marking a significant leap from its modest beginnings of 16,000 daily transactions at launch. On that same day, the transaction volume on the platform soared past $1.7 million, further solidifying its growing influence. Additionally, the platform has successfully attracted a user base of more than 14,000 active wallets.Despite its meteoric rise, Stars Arena has yet to overtake Friend.Tech, the <a href="https://cryptotale.org/friend-techs-daily-earnings-exceed-ethereum-as-top-key-price-surges/" rel="noopener noreferrer nofollow">current juggernaut</a> in the decentralized social finance arena. A Dune Analytics report indicates that Friend.Tech <a href="https://dune.com/cryptokoryo/social" rel="noopener noreferrer nofollow">continues to dominate</a> with 7.25 million monthly transactions and a weekly volume of $33.4 million, dwarfing Stars Arena&#39;s 691.8 thousand monthly transactions and $6.4 million in weekly volume.Read full article at <a href="https://cryptotale.org/stars-arena-shakes-up-decentralized-social-finance-with-explosive-growth/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Stars Arena Shakes Up Decentralized Social Finance with Explosive Growth

CryptoTale

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