Avalanche (AVAX) Could Soon Surpass Ethereum (ETH)

There are all kinds of optimistic predictions about some of the most important digital assets. Avalanche (AVAX) is one of them and you can check out the optimistic predictions below.

It’s been just revealed that an important crypto research firm says Avalanche (AVAX) could soon surpass Ethereum.

In a new blog post, digital assets research firm Messari notes that Ethereum had an average of approximately 1.17 million transactions per day in the first quarter of 2022.

According to the crypto research firm, Avalanche clocked 74% of Ethereum’s average in Q1 and could exceed it in Q2. Check out the official notes below:

“With the incentive programs taking hold and subnet launches on the way, Avalanche has an interesting opportunity to surpass Ethereum over the next quarter.”

According to Avalanche, subnet stands for subnetwork, which is a dynamic set of validators working together to achieve consensus on the state of a set of blockchains.

Messari also made sure to highlight the fact that Avalanche’s transaction fees will go down in the second quarter thanks, in part, to a major Avalanche upgrade called Apricot.

“With further releases of Apricot, transaction fees have since stabilized, averaging around $0.67 per transaction. Apricot is intended to facilitate ‘verifiable pruning,’ a process where nodes can securely compact historical transactions.”

Check out the complete notes in order to learn all the available details.

The other day, we also revealed that Avalanche (AVAX) developer Ava Labs reportedly raising $350 million in new funding at a $5.25 billion valuation.

Bloomberg reported this new fundraising on Thursday. The prestigious publication also cited people familiar with the discussions — although only one source gave the valuation.

The Block notes that the Avalanche blockchain was launched in September 2020 by Ava Labs as an “Ethereum killer.”

Check out our previous article in order to learn more details.