Stars Arena sees surge in transactions

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Stars Arena sees surge in transactions

since its launch in late September, Stars Arena, once known as Starshares, has seen a significant increase in transactions on the Avalanche network. The Stars Arena platform recorded more than 215,000 transactions, a steep rise from the 16,000 daily transactions seen in late September.

The transaction volume on the Stars Arena platform has also skyrocketed, exceeding $1.7 million on Monday.

Stars Arena is a social platform built on contract chain Avalanche, designed for smart contracts and compatible with Ethereum virtual machines. Stars Arena is currently connected to more than 14,000 active wallets that are connected to the platform.

Users on Stars Arena can also link their Twitter accounts to the platform, like Friend.Tech. Users can trade their profile tokens between other members once they're connected to the network. To transfer funds from the AVAX platform, users must link an AVAX address to their profiles.

Active Stars Arena and Twitter user @waleswoosh said they were happy with the Stars Arena platform but that more could be done to improve it.

Waleswoosh also highlighted areas that need improvement, pointing out the lack of a stable chat function and clarification regarding its management team.

While Stars Arena has seen a surge of new interest since its debut, Friend.Tech has still managed to hold a substantial presence in the social platform industry, with 7.25 million monthly transactions and $33.4 million in weekly transactions. By comparison, Stars Arena-still listed as StarShares-shows 691.8 thousand monthly transactions and $6.4 million in weekly volume.

AVAX, which is currently traded at $10.08, has been positively affected by interest in Stars Arena, boosting its value from $9.21 on Tuesday to now trade at $10.08.

Blockchain analysts took note of the surge in the value of the AVAX token and the likely reason behind it.

Despite the ups and downs of Stars Arena, not everyone appeared impressed and ready to drop everything to jump on the latest crypto bandwagon.

Kodama, however, acknowledged linking their account to the Stars Arena after a while.

The onboarding process was fast and easy compared to that of Friend.Tech, Kodama wrote.