Osmosis

Coin

<ul class="news-points"> 
 <li><strong>Data from DeFiLlama showed that transaction volume for many L1s surged last November.</strong></li> 
 <li><strong>Avalanche’s monthly transaction volume rose by the highest value since July 2022.</strong></li> 
 <li><strong>The surge in transaction volume also reflected in the prices of the blockchains’ native tokens.</strong></li> 
</ul> 
<p>Many Layer-1 blockchains experienced significant growth in transaction volume last November, according to Colin Wu, a renowned crypto journalist. Wu posted the information on X (formerly Twitter), referring to data from DeFiLlama, a platform for crypto data aggregation.</p> 
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   <p lang="en" dir="ltr">In November, the transaction volume on multiple L1s experienced significant growth. The transaction volume on the Avalanche increased by 167% MOM to $2.73 billion, the highest since July last year; the transaction volume of Osmosis increased by 113% MOM to $490 million; in…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1730783065054806368?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 2, 2023</a>
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<p>According to Wu, the transaction volume on Avalanche, an Ethereum rival known for speed and scalability, rose to $2.73 billion in November, representing a 167% increase. That marked the highest monthly increase for the Layer-1 blockchain since July 2022.</p> 
<p>Wu also noted that the transaction volume on Osmosis, th…</p>
<p>The post <a href="https://coinedition.com/transaction-volume-for-many-l1-blockchains-surged-in-november/">Transaction Volume For Many L1 Blockchains Surged in November</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Transaction Volume For Many L1 Blockchains Surged in November

Coin Edition

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