Avalanche C-Chain Reaches 35.8 Million Transactions in August

Avalanche C-Chain achieved 35.8 million transactions in August, marking the second-highest monthly total to date. This increase reflects heightened activity on the platform.

Avalanche C-Chain Overview

The C-Chain supports Ethereum-compatible smart contracts.
It enables fast, low-fee transactions for DeFi applications and NFTs.
This surge is expected to raise demand for AVAX, necessary for network fees and staking.

Currently, the price of AVAX is $25.10, with a 4.83% increase in the last 24 hours. Its trading volume reached $877.01 million, while market capitalization surpassed $10.58 billion, ranking it 17th among cryptocurrencies.

AVAX is approaching a resistance level; if it breaks out, the next target could be around $33. Approval for the Grayscale AVAX ETF may further boost its price.

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