Avalanche's el33th4xor explains why $LUNA collapse will never happen to $AVAX
Meanwhile, the AVAX supply is capped at 720,000,000 tokens: no more tokens can ever be minted by Avalanche Foundation or third parties.
As such, there is no possibility that AVAX could collapse like Terra did: its tragedy should be attributed to the"death spiral" triggered by an unlimited LUNA minting.Ethereum and Solana are other large-caps protected from such painful scenarios, the Avalanche founder added.Mr. Sirer is also fascinated by the performance of his blockchain during the altcoin carnage of mid-May. According to him, it witnessed unmatched transactions spikes and handled them without going offline.
Such attack resistance is the result of Avalanche's technical supremacy that allowed the platform to process 1.2 million transaction per day, which is more than those of Ethereum : Where Avalanche is today is a distant dream for many other chains. Some require massive upgrades to get to where Avalanche was 1.5 years ago
He also added that increased transactional pressure did not result in gas fee spikes on Avalanche's C-chain.
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