The trading growth of Avalanche has surpassed all other blockchain networks this week, indicating that more investor attention is shifting towards the utility token of this smart contract blockchain, while also seeing an increase in government adoption.
Avalanche, a smart contract blockchain designed to enhance scalability and usability, has become one of the fastest-growing blockchain networks.
Cryptocurrency intelligence platform Nansen wrote in a post on X on Friday that Avalanche's transactions grew by over 66% in the past week, exceeding 11.9 million transactions, with active addresses surpassing 181,300.
The increase in transactions may indicate a growing interest from investors in the Avalanche (AVAX) token, driven by the latest government implementations and the exchange-traded fund (ETF) applications surrounding this altcoin.
On Thursday, the U.S. Department of Commerce announced it would begin publishing actual Gross Domestic Product (GDP) data on decentralized blockchains, including Avalanche.
Starting from data in July 2025, GDP reports will be published on nine public blockchain networks, including Bitcoin, Ethereum, Avalanche, Solana, Tron, Stella, Arbitrum One, Polygon PoS, and Optimism, the Department of Commerce stated in its announcement on Thursday, adding:
The Department of Commerce called this a "milestone effort" that could "demonstrate the broad utility of blockchain technology" and serve as a "proof of concept for the government," building on the vision of former President Trump to make the U.S. the "world blockchain capital."
Other developments that may drive investor interest include the updated S-1 application from cryptocurrency investment firm Grayscale for a spot Avalanche exchange-traded fund, which was submitted to the U.S. Securities and Exchange Commission on Friday, Cointelegraph reported.
The second-ranked Starknet saw a trading growth of 37%, while the Viction network ranked third with an expansion of over 35%.
The Base network ranked sixth in growth but first in transaction volume, with over 64 million transactions in the past week, according to Nansen data.
Publishing economic data on the blockchain will make these reports "immutable," U.S. Secretary of Commerce Howard Lutnick wrote, adding:
"It is only fitting that the Department of Commerce, in collaboration with 'crypto president' Donald Trump, publicly releases economic statistics on the blockchain," Lutnick added after this historic announcement.
Related: Bitcoin (BTC) "horn" pattern points to a target of $260,000, technical indicators signal "oversold" alerts.
Original article: “Avalanche Leads Trading Volume Growth Wave During U.S. Government's Blockchain Application Push”
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