{"id":46551,"date":"2025-09-03T19:55:38","date_gmt":"2025-09-03T12:55:38","guid":{"rendered":"https:\/\/hbbgroup.net\/avalanche-activity-driven-by-dexs-trading-bots-whale-memecoin-speculation\/"},"modified":"2025-09-03T19:55:38","modified_gmt":"2025-09-03T12:55:38","slug":"avalanche-activity-driven-by-dexs-trading-bots-whale-memecoin-speculation","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/avalanche-activity-driven-by-dexs-trading-bots-whale-memecoin-speculation\/","title":{"rendered":"Avalanche activity driven by DEXs, trading bots, whale memecoin speculation"},"content":{"rendered":"
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Smart contract blockchain Avalanche recorded a consistent surge in blockchain activity, as analysts point to growing decentralized trading activities and returning crypto whale speculation around the next emerging memecoin.<\/p>\n

Avalanche\u2019s transaction growth<\/a> surpassed all other blockchains the past week, rising 66% to 11.9 million transactions across over 181,000 active addresses, signaling growing investor mindshare focusing on the blockchain.<\/p>\n

The milestone occurred after a \u201clandmark effort\u201d of the US Department of Commerce, which adopted Avalanche, along with nine other public decentralized blockchains, for publishing its real gross domestic product (GDP), Cointelegraph reported on Aug. 29.<\/p>\n

Despite Avalanche<\/a>\u2019s growing institutional and governmental adoption, we \u201ccannot at this point attribute this to the US Government adopting Avalanche for its GDP data,\u201d according to Nicolai Sondergaard, research analyst at the Nansen crypto intelligence platform.<\/p>\n

The network\u2019s growing blockchain activity is mainly driven by decentralized finance (DeFi)<\/a> traders, miner extractable value (MEV)<\/a> trading bots, and whales speculating on the next big memecoin launch, the analyst told Cointelegraph, adding:<\/p>\n

\u201cThe transaction surge is driven by: 60% DeFi protocol activity (Trader Joe, Aave, Benqi), 25% Automated trading bots and MEV, and 10% Whale trading and memecoin speculation […].\u201d<\/p><\/blockquote>\n

The research analyst explained that the additional 5% of blockchain activity was attributed to blockchain gaming and non-fungible tokens (NFTs).<\/p>\n

Avalanche, top 5 entities by blockchain users, 180 days. Source: Nansen<\/em><\/figcaption><\/figure>\n

Related: <\/strong><\/em>Avalanche, Toyota Blockchain designing autonomous robotaxi infrastructure<\/strong><\/em><\/a><\/p>\n

DEX trading, \u201chigh-balance\u201d whales drove the majority of Avalanche blockchain activity: Nansen<\/h2>\n

Cryptocurrency trading on decentralized exchanges<\/a> drove the lion\u2019s share of Avalanche\u2019s blockchain activity, with Trader Joe DEX as the \u201cprimary driver,\u201d which saw over $333 million worth of Avalanche Wrapped Ether (WETH.e) volume during the past 7 days.<\/p>\n

\u201cKey players\u201d driving this activity included traders on Nansen\u2019s top 100 leaderboard, who made multiple six-figure trades, explained Sondergaard.<\/p>\n

Aave lending protocol was the secondary driver with $624,000 worth of flash loan activity through DEX aggregators, while the Benqi Protocol grew to be another significant driver, after receiving over $650,000 worth of deposits from cryptocurrency trading bots.<\/p>\n

Automated trading activities and \u201chigh balance\u201d whale addresses drove the rest of the blockchain activity, with the Black (BLACK) token seeing $14 million in trading volume, with multiple whale addresses amassing up to $95,000 worth of the token.<\/p>\n

Related: <\/strong><\/em>Kanye West\u2019s YZY token: 51,000 traders lost $74M, while 11 netted $1M<\/strong><\/em><\/a><\/p>\n

Top blockchains by key metrics, change in weekly transactions. Source: Nansen<\/em><\/figcaption><\/figure>\n

Looking at one of Avalanche\u2019s main competitors, the Solana blockchain saw a 6.7% decrease in weekly transactions, notable 433 million transactions across 18.9 million active addresses, Nansen<\/a> data shows.<\/p>\n

Solana top entities by weekly transactions. Source: Nansen<\/em><\/figcaption><\/figure>\n

Similar to Avalanche, DEX trading drove the majority of blockchain activity, including Raydium DEX with 12.4 million users and 297 million transactions, followed by Fluxbeam DEX with 7.3 million users and 178 million transactions.<\/p>\n