Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support various blockchain projects.

The Avalanche blockchain reportedly can process 4,500 transactions per second.

Avalanche's smart contracts platform supports decentralized applications (dApps) and autonomous blockchains.

Some advantages:

• Coin creation rate:== The maximum supply of AVAX is capped at 720 million tokens, but AVAX users govern how fast new coins are minted.
• Transaction fee structure:== Transaction processing costs vary depending on the type of transaction and Avalanche's network congestion. All fees are burned—removed from circulation—to enable AVAX to become scarcer over time.
• Consensus mechanism:== Transactions on the Avalanche blockchain are confirmed using a unique method that requires many small, random subsets of network participants to confirm transactions before the transactions are finalized.
• Participation incentives:== High uptime and fast response times can boost the amount of AVAX rewards that a network participant can earn for processing AVAX transactions.

from avalanche.core.fact_transactions

count(DISTINCT user) as count_user,
avg(count_txx) as avg_tx_per_user,
sum(count_txx) as count_tx,
sum(count_tx) over (order by day asc) as cumulative_tx,
sum(count_user)  over (order by day asc) as cumulative_user 

Hourly transactions per second

min(transactions)/ 60 as min_tps,
max(transactions)/ 60 as max_tps,
avg(transactions)/ 60 as avg_tps

Failed and Success transactions

case when STATUS = 'SUCCESS' then 'Success' else 'Fail' end as status,

\n

Daily Overview

Hourly Transactions per Second

🔑 Key finding 🔑**: The maximum number of transactions that happened per second per hour was the most on October 21st at 23:00, with 1.**

The average number of transactions that happened per second per hour was the most on October 21st at 23:00, with 0.57.

The minimum number of transactions that happened per second per hour was the most on May 30th at 07:00, with 0.48.

Failed and Success transactions

Before everything, please pay attention to these notes:

• Please wait until All Data Load Completely.
• The current data of this dashboard is Real, but it’s a template.
• You can change the number of days.
• After changing data click on Apply All Parameters
• In order to use the changeable field, you have to log in to Flipside velocity.

These comments are based on the default number of dates.

Top projects

🔑 Key finding :key:: The highest number of users was on October 15th. On this day, the number of users was ~70k.

🔑 Key finding :key:: The highest number of transactions that happened on Avalanche was on May 14th. On this day, 517.5k transactions happened on Avalanche.

🔑 Key finding :key:: The average number of transactions per user was the most on June 13th. On this day, the average number of transactions per user was 11.2.

Users

Transactions

🔑 Key finding 🔑: Most of the transactions on Avalanche had been successful.

The percentage of the transactions that had failed was the most on June 13th. On this day, of all the transactions that happened on Avalanche, ~21% of the transactions had failed.

🔑 Key finding 🔑: The highest number of transactions belongs to the Circle project. The total number of transactions that happened on this project is ~3.5 million.

Curve project cant attract the most number of users and place in the last position of the top 15 projects.

🔑 Key finding 🔑: The highest number of users who had transactions on the Circle project is the most. The total number of users who had transactions on Circle is ~192k.

The project of the top 15 projects, which users used less, is the Snail trail project. The total number of users who used Snail trail is 2459.

Top transferred tokens on Avalanche

🔑 Key finding 🔑: The highest number of users who used Avalanche, transferred Wrapped Avax token. The total number of users who transferred Wrapped Avax is 5485 users.

🔑 Key finding 🔑: The highest number of transactions belongs to Wrapped Avax. The total number of transactions that transferred Wrapped Avax is ~7.6 million.

Compare Avalanche with Ethereum, Arbitrum, and Optimism

🔑 Key finding 🔑: The highest number of users belongs to Ethereum. The total number of users who used Ethereum is 28.3 million. This number is almost 21x more than Avalance.

• The highest number of users who used Ethereum was on July 26th, with ~962k.
• The highest number of users who used Avalanche was on October 14th, with ~131k.
• The highest number of users who used Optimism was on June 1st, with ~106k.
• The highest number of users who used Arbitrum was on October 26th, with ~76k.

🔑 Key finding 🔑: The highest number of transactions also belongs to Ethereum. The total number of transactions on Ethereum is 221.5 million. This number is almost 5x more than Avalance.

• The highest number of transactions on Ethereum was on July 26th, with 1.67 million.
• The highest number of transactions that happened on Avalanche was on May 14th, with 517.5k.
• The highest number of transactions on Optimism was on November 9th, with ~500k.
• The highest number of transactions on Arbiturm was the most on November 8th, with ~882k.

Number of users

Number of transactions