#Avalanche Transactions Surge Past 1 Million Daily Amid ERC-404 Minting Boom


$AVAX blockchain has seen its highest transaction volume in over a year, driven by token minting activity.


The seven-day moving average of daily transactions reached 1 million, up from 296,000 in early May.


  Arena.trade's ERC-404 token launchpad triggered the surge through high-frequency #minting mechanics.


Average transaction fees doubled from 0.0035 $AVAX to 0.0072 $AVAX during the period.


Active addresses peaked at 296,000 in May before declining to 68,000 currently.


The spike appears to be driven by existing users transacting more frequently rather than new wallet adoption.


Each   arena.trade interaction triggers multiple micro-transactions through bonding-curve mechanisms.


$AVAX recorded its highest monthly active addresses in May with 3.6 million total users.

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June 18, 2025 at 12:44 AM
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