Stars Arena is making waves on Avalanche’s C-chain network, driving a notable increase in transaction volume.
Launched in late September this year, this social protocol, inspired by FriendTech on Base, is gaining momentum among its user base.
Stars Arena, originally named StarShares, has risen as a leader in daily active users, surpassing other decentralised applications (dApps) on the Avalanche network, as reported by DappRadar.
In the last 24 hours, over 10,000 unique active wallets, marking a total of over 250,000 transactions engaged with the Stars Arena smart contract.
DeFiLlama data also shows the platform’s TVL of slightly over $1 million within just two weeks of its launch.
Avalanche network transactions have experienced a substantial upsurge, with transaction numbers surging from nearly 200,000 on October 1st to over 550,000 by October 4th, as indicated by the Avalanche explorer.
Stars Arena is part of the broader SocialFi trend, which began with FriendTech on Coinbase’s Base Layer 2 blockchain in August.
These platforms enable users to trade tokens linked to social media influencers, granting them exclusive interaction privileges.
Similar projects include PostTech on Arbitrum and Friendzy on Solana.
Hosted on Base, FriendTech has seen a 17% decrease in unique wallet activity over the last 7 days.