Compared with 2021, the trading volume of avalanche blockchain technology increased by 1500% in the past year, although the wider field saw the bankruptcy of several centralized login password companies and entered a technical stock market bear market.

In a fourth-quarter statement shared by the Avalanche team with WJB, Nansen, a data and analytics company, said the Internet had shown strong overall strength, with significant growth in both NFT and NFT transactions.

"as of November 21, 2021, the volume of transactions on the Internet was close to 27 million, while the total volume of Avalanche transactions exceeded 450 million on November 21, 2022, meaning an astonishing 1507 per cent increase in single-year trading volume," Nathan said. "

Although the total amount of tokens locked in decentralized financial applications based on avalanche fell from a peak of $15 billion in 2021 to just over $900m in November 2022, such transaction-themed activities are still taking place, according to DeFiLlama.

"Avalanche customers may say to themselves, 'what password winter?' The Internet achieved impressive growth in the fourth quarter of 2022, "said Mega Septiandara, a scientific research investment analyst at Nansen.

Septiandara added: "with a strong combination of total transaction volume and NFT volume with new features and products dedicated to improving the user experience, the avalanche is expected to grow again in 2023 as the entire Web3 interior space is diligently rebounding from the damage caused by the collapse of FTX."

When paying particular attention to the avalanche's C-chain, the report showed that most daily transactions in the fourth quarter were volatile, with about 100000 to 230000 transactions a day.

Part of this increase may be due to Avalanche Subnet Mask, a customized blockchain technology based on Avalanche, which totaled 200m transactions for products such as the Defi Kingdom DFK Subnet Mask on November 13, 2022.

However, the report shows that compared with Etay Fong, Avalanche C-Chain 's trading is more stable.

Avalanche C chain is the contract chain abbreviation, which is the default block chain intelligent contract block chain technology on the avalanche, which can build all the block chain intelligent contracts adapted to Ethernet Square. In fact, it fills in the X chain, which is used to push and receive assets in the form of Avax dynamic passwords.

In addition, Avalanche saw a fast-growing and irreplaceable dynamic password sales market in all the fourth quarter, and companies such as OpenSea, the industry-leading sales market, expanded their business to the Internet.

In addition to the significant growth in total trading volume and NFT trading volume, the key trends seen by Avalanche in the fourth quarter include many of the latest projects, agreements and structures to add to its ecosystem.

Nathan stressed that special attention projects include Core Web, a completely free integrated command system, which provides users with a more realistic and professional way to query and use Web3 in Avalanche and Ethernet Square, and its JoePegs, a NFT sales market launched in May, has grown into the largest NFT secondary market on the avalanche, with total secondary NFT sales exceeding $3.4 million and customers exceeding 12000.