Transactions

The chart illustrates a decline in user activity with each passing quarter since January 2022, specifically in terms of the average number of transactions per user. Back then, the average transactions per user stood at 50, but by Q1 and Q2 of 2023, it dropped to below 20. However, it's worth noting that in comparison to Q4 2022 and Q1 2023, Q2 2023 experienced a slight increase in the average number of transactions per user. In terms of the overall number of transactions, there was a continuous decrease until Q1 2023 compared to Q1 2022. However, Q2 2023 presented a notable turnaround as the number of transactions doubled, displaying significant growth during that quarter. Considering the total transactions since January 2022, Q2 2023 contributed 16% of the share based on transaction volume.

Avalanche Quarters Report!