Avalanche Activity May Reflect Growing DEX Trading, MEV Bots and Whale Memecoin Speculation, Nansen Says
The post Avalanche Activity May Reflect Growing DEX Trading, MEV Bots and Whale Memecoin Speculation, Nansen Says appeared on BitcoinEthereumNews.com. Avalanche blockchain activity surged 66% to 11.9 million transactions and 181,000 active addresses last week, driven primarily by DeFi trading, automated MEV/arb bots and whale memecoin speculation, with Nansen attributing ~60% to DeFi, ~25% to bots/MEV, ~10% to whales and ~5% to gaming/NFTs. Avalanche transactions rose 66% to 11.9M across 181,000 active addresses DeFi protocols (Trader Joe, Aave, Benqi) accounted for ~60% of activity; automated trading and MEV ~25% Whale memecoin speculation and high-balance traders contributed ~10%, with notable single-token volumes (Black token $14M) Avalanche blockchain activity surged 66% to 11.9M tx; learn what’s driving the spike and what traders should watch next. Read the full analysis now. What is driving Avalanche’s recent transaction surge? Avalanche blockchain activity is being driven mainly by decentralized exchange (DEX) trading, automated MEV and arb bots, and large whale speculation. Nansen data shows a 66% weekly increase to 11.9 million transactions across roughly 181,000 active addresses, concentrated in Trader Joe, Aave and Benqi activity. How is the activity distributed across use cases? Nansen research attributes approximately 60% of the recent surge to DeFi protocol interactions (Trader Joe, Aave, Benqi), ~25% to automated trading bots and MEV extraction, ~10% to whale trading and memecoin speculation, and ~5% to blockchain gaming and NFTs. These percentages reflect on-chain transaction classification over the last 7 days. ‘, ‘
The post Avalanche Activity May Reflect Growing DEX Trading, MEV Bots and Whale Memecoin Speculation, Nansen Says appeared on BitcoinEthereumNews.com.
Avalanche blockchain activity surged 66% to 11.9 million transactions and 181,000 active addresses last week, driven primarily by DeFi trading, automated MEV/arb bots and whale memecoin speculation, with Nansen attributing ~60% to DeFi, ~25% to bots/MEV, ~10% to whales and ~5% to gaming/NFTs. Avalanche transactions rose 66% to 11.9M across 181,000 active addresses DeFi protocols (Trader Joe, Aave, Benqi) accounted for ~60% of activity; automated trading and MEV ~25% Whale memecoin speculation and high-balance traders contributed ~10%, with notable single-token volumes (Black token $14M) Avalanche blockchain activity surged 66% to 11.9M tx; learn what’s driving the spike and what traders should watch next. Read the full analysis now. What is driving Avalanche’s recent transaction surge? Avalanche blockchain activity is being driven mainly by decentralized exchange (DEX) trading, automated MEV and arb bots, and large whale speculation. Nansen data shows a 66% weekly increase to 11.9 million transactions across roughly 181,000 active addresses, concentrated in Trader Joe, Aave and Benqi activity. How is the activity distributed across use cases? Nansen research attributes approximately 60% of the recent surge to DeFi protocol interactions (Trader Joe, Aave, Benqi), ~25% to automated trading bots and MEV extraction, ~10% to whale trading and memecoin speculation, and ~5% to blockchain gaming and NFTs. These percentages reflect on-chain transaction classification over the last 7 days. ‘, ‘
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