Only a few months after its introduction, The Chiliz Chain has achieved a huge milestone. The Chiliz chain has achieved 100,000 wallet addresses and 500,000 transactions, according to an enthusiastic Twitter statement.
This marks an important turning point since the Chiliz chain’s mainnet launched over two months ago.
As previously mentioned, the Layer 1 blockchain’s public debut was completed in May, and the Chiliz Chain 2.0 Genesis First Block was generated on February 8.
A first-of-its-kind blockchain infrastructure for sports and entertainment, the Chiliz Chain mainnet, went operational in May.
The Chiliz Chain, a Layer 1 EVM-compatible proof-of-staked authority (PoSA) blockchain designed to provide infrastructure for sports teams and brands to construct Web3 products that encourage community participation, is an important development in the Chiliz project.
The CEO of Chiliz and Socios, Alexandre Dreyfus, declared on 18 July that the Chiliz “Fan Token” trademark has finally been granted and registered in the United States, marking another significant accomplishment for the Chiliz initiative there.
Chiliz price action
At the time of writing, CHZ has decreased slightly over the previous day to $0.078. Despite the great milestones achieved thus far in 2023, it may be considered that Chiliz has underperformed.
Despite the fall, the crypto asset is still accumulating from different levels of investors. In the past 30 days, CHZ address tiers’ balance holdings have increased, claims IntoTheBlock.
Notably, throughout the aforementioned time period, Chiliz addresses who possess 10 to 100 million CHZ have seen a growth in their holdings of 14.81 %, while those who own 100 million to one billion CHZ have seen a growth in their holdings of 11.1 %.
