Avalanche's Active Addresses Plunge to 12-Month Low

According to Mars Finance, the number of active addresses on Avalanche's C-chain has plummeted to a 12-month low of 31,000, mirroring October 2023 levels. This starkly contrasts with the network's active address peak of 99,000 in December 2023.

Avalanche is designed as a high-throughput, low-latency blockchain, aiming to solve the scalability issues plaguing older networks. Its unique consensus mechanism and multi-chain architecture promise to achieve a blockchain design trifecta: decentralization, scalability, and security.

The current user activity decline, nearly 70% from December's peak, raises concerns about the network's ability to maintain user engagement. While the network processes approximately 150,000 transactions daily, the decreasing number of active addresses suggests activity is concentrated among fewer users.