The Stars Arena social application, which is based on blockchain technology, has caused a significant increase in the number of transactions on the Avalanche C-chain network. Since its launch at the end of September, Stars Arena, previously known as StarShares, has gained popularity among users and has become a leader in daily active users on the Avalanche network.
According to DappRadar, more than 10,000 unique active wallets interacted with Stars Arena in 24 hours, and the platform reported a total value locked just above $1 million within two weeks of its launch. The SocialFi trend, which began with FriendTech on Coinbase's Base Layer 2 blockchain in August, has inspired other similar projects such as PostTech on Arbitrum and Friendzy on Solana, and Stars Arena allows users to trade tokens associated with social media influencers.
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