The Avalanche blockchain recorded the highest transaction growth among all networks this week, posting a 66% increase that coincided with the US Department of Commerce announcing plans to publish federal economic data on nine public blockchains. The smart-contract platform processed 11.9 million transactions across 181,300 active addresses, according to crypto intelligence firm Nansen.
What to Know:
- Avalanche led all blockchain networks with 66% weekly transaction growth, processing 11.9 million transactions
- The US Commerce Department will publish GDP data on nine blockchains starting July 2025, marking the first federal economic data on blockchain
- Grayscale filed an updated S-1 for a spot Avalanche ETF with the SEC, adding to investor interest in the network
Federal Data Initiative Marks Blockchain Milestone
The Commerce Department's Thursday announcement represents the first time a federal agency will publish economic statistical data on blockchain networks. Starting with July 2025 data, real gross domestic product reports will appear on Bitcoin, Ethereum, Avalanche, Solana, Tron, Stellar, Arbitrum One, Polygon PoS and Optimism networks.
"This is the first time a federal agency has published economic statistical data like this on the blockchain, and the latest way the Department is utilizing innovative technology to protect federal data and promote public use," the department stated. Officials described the initiative as a "landmark effort" demonstrating blockchain technology's utility and serving as a "proof-of-concept for all of government."
The move aligns with President Donald Trump's vision of establishing the United States as the "blockchain capital of the world." Commerce Secretary Howard Lutnick emphasized the significance of making economic data immutable through blockchain technology.
"We are making America's economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world," Lutnick said. He added that publishing the data with 3.3% GDP growth figures would showcase positive economic performance.
Investment Interest Builds Around Avalanche Token
The transaction surge may signal growing investor interest in Avalanche's native AVAX token, which traded at $23.87. Crypto investment firm Grayscale submitted an updated S-1 filing for a spot Avalanche exchange-traded fund to the Securities and Exchange Commission on Friday, potentially expanding institutional access to the token.
Avalanche designed its blockchain to address scalability and usability challenges facing smart-contract networks. The platform competes with Ethereum and other networks by offering faster transaction processing and lower fees.
Other networks also showed growth but lagged behind Avalanche's performance. Starknet ranked second with 37% transaction growth, while Viction placed third with 35% expansion. Base network led in total transaction volume with 64 million transactions despite ranking sixth in growth percentage.
Understanding Blockchain And Smart Contracts
Blockchain technology creates permanent, tamper-resistant records by linking data blocks through cryptographic hashes. Smart contracts are self-executing programs that automatically enforce agreement terms without intermediaries.
Exchange-traded funds allow investors to gain exposure to cryptocurrencies through traditional brokerage accounts.
The SEC has approved several Bitcoin ETFs but has been more cautious with other cryptocurrency products.
Gross domestic product measures the total value of goods and services produced within a country's borders. Publishing this data on blockchain networks would create permanent, publicly verifiable records of economic statistics.
Market Implications And Future Outlook
The federal government's blockchain adoption could encourage broader institutional acceptance of distributed ledger technology. Making economic data immutable addresses concerns about data manipulation while providing global access to US economic statistics.
Avalanche's growth trajectory reflects increasing demand for scalable blockchain solutions. The network's selection for federal data publishing alongside established platforms like Bitcoin and Ethereum validates its technical capabilities and reliability.
Closing Thoughts
Avalanche's 66% transaction growth leadership demonstrates the network's expanding utility amid government adoption and renewed institutional interest. The Commerce Department's historic decision to publish GDP data on blockchain networks signals growing federal acceptance of distributed ledger technology while supporting the administration's blockchain leadership goals.