Surprise Altcoin Sees All-Time High in Number of Active Addresses This Month

The Avalanche (AVAX) network reached an all-time high of 1.95 million active addresses in May, according to Hashed’s data dashboard. One of the main reasons for this remarkable increase is the launch of the popular blockchain-based game MapleStory Universe. On the other hand, sBUIDL, a tokenized short-term US Treasury bond product developed by BlackRock, one of the world’s largest asset managers, has begun to be used as collateral in the Avalanche-based Euler protocol. This development reveals that the Avalanche ecosystem is also attracting interest in terms of institutional products. Related News: Watch Out: There Are Lots of Economic Developments and Altcoin Events Coming Up This Week – Here’s the Day-by-Day, Hour-by-Hour Schedule Another important development for the Avalanche community is the Avalanche Summit event, which will be held on Tuesday, May 20. The summit is expected to feature important announcements regarding the future of the network and new partnerships. However, these developments do not seem to have been reflected in the AVAX price. AVAX has lost approximately 7% of its value in the last week. However, it has gained 20% in total in the last month. *This is not investment advice. Continue Reading: Surprise Altcoin Sees All-Time High in Number of Active Addresses This Month

Source: BitcoinSistemi