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Avalanche's weekly trading volume reaches $2 billion, a new yearly high

According to a report from blockchain analysis company IntoTheBlock, the transaction volume on the Avalanche blockchain increased in November. During the week of November 13, 2023, the transaction volume reached a new annual high of $2 billion. During this period, the block confirmation time remained stable at about one second. In addition, gas prices remained around 80 AVAX and the average cost per transaction was $0.05.

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