{"id":87338,"date":"2023-11-21T19:00:08","date_gmt":"2023-11-21T17:00:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87338"},"modified":"2025-09-13T11:09:49","modified_gmt":"2025-09-13T08:09:49","slug":"avalanche-transaction-volume-hits-record-as-ordinals-analogue-launches","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/avalanche-transaction-volume-hits-record-as-ordinals-analogue-launches\/","title":{"rendered":"Avalanche transaction volume hits record as Ordinals analogue launches"},"content":{"rendered":"<p>Daily transaction volume on the C-Chain has reached record levels amid rising popularity of an <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-ordinals-and-brc-20-tokens\">Ordinals<\/a> analogue in the Avalanche blockchain.<\/p>\n<p><!--more--><\/p>\n<p>The chart below shows that on November 20 the metric exceeded 5.7 million \u2014 more than ten times the historical average.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"423\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/ava1-1-1024x423.png\\\" alt=\\\"ava1-1\\\" class=\\\"wp-image-220544\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/ava1-1-1024x423.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ava1-1-300x124.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ava1-1-768x317.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ava1-1.png 1341w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Data: <a href=\\\"https:\/\/snowtrace.io\/chart\/tx\\\">Snowtrace<\/a>.<\/figcaption><\/figure>\n<p>Just like <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-ordinals-and-brc-20-tokens\">Ordinals<\/a>, ASC-20 tokens use &#8216;inscriptions&#8217; to add information to the blockchain, <a href=\\\"https:\/\/blockworks.co\/news\/avalanche-ordinals-asc20-transaction-record\\\">explained<\/a> by Ava Labs product manager Jacob Everly.<\/p>\n<p>According to Blockworks analysts, NFTs of the new type account for more than 95% of transactions on the C-Chain.<\/p>\n<p>The diagram below shows a sharp increase in block size:<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"416\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/ava2-1024x416.png\\\" alt=\\\"ava2\\\" class=\\\"wp-image-220545\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/ava2-1024x416.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ava2-300x122.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ava2-768x312.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ava2.png 1325w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Data: <a href=\\\"https:\/\/snowtrace.io\/chart\/blocksize\\\">Snowtrace<\/a>.<\/figcaption><\/figure>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\n<cite>\u00abThe ASC-20 growth has led the Avalanche Primary Network, consisting of more than 1,500 consensus-validators, to process on average more than 40 transactions per second, and at times even approaching 100\u00bb, Everly noted.<\/cite><\/p><\/blockquote>\n<p>Despite the significant on-chain activity spike, average daily transaction fees and the number of active addresses remained essentially unchanged, Blockworks researchers noted.<\/p>\n<p>Due to underdeveloped infrastructure, the number of users, as well as trading volumes of ASC-20 tokens, remains unclear.<\/p>\n<p>Over the past seven days, the AVAX token price has risen by 17%, according to <a href=\\\"https:\/\/www.coingecko.com\/\\\">CoinGecko<\/a>.<\/p>\n<p>Earlier ForkLog reported that Ava Labs <a href=\"https:\/\/u1f987.com\/en\/news\/ava-labs-the-company-behind-the-avalanche-blockchain-cut-its-staff-by-12\">laid off 12% of its staff<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daily transaction volume on the C-Chain has reached record levels amid the rising popularity of an Ordinals analogue on the Avalanche blockchain.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1413,1176],"class_list":["post-87338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-avalanche-avax","tag-ordinals"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87338"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87338\/revisions"}],"predecessor-version":[{"id":87339,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87338\/revisions\/87339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}