Odaily News In the past week, Avalanches C-Chain (responsible for processing smart contracts) transactions hit a record high, reaching 2.3 million transactions per day on November 19, while Avalanches historical average number of transactions per day is about 450,000. Jacob Everly, technical product manager at Ava Lab, said that like Bitcoin Ordinals, Avalanche’s “ASC-20” token uses inscriptions to write information to the blockchain. Using ASC-20, users can transcribe information in a transaction’s call data in order to store the information on-chain at a lower cost compared to the ERC-20 token standard. Everly noted that the surge in ASC-20 has resulted in the Avalanche mainnet (consisting of more than 1,500 validators participating in the consensus) processing an average of more than 40 transactions per second, and at times approaching 100 transactions per second. According to Blockworks Research analyst Dan Smith, more than 6.8 million transactions have interacted with the ASC-20 token so far. (Blockworks)