Avalanche Soars 21% Following Unprecedented Address Activity

AVAX, the token associated with Avalanche, experienced a significant increase alongside a rise in on-chain activities. Over the last week, the token maintained a 25% increase as the network achieved two new records. Daily transactions reached nearly 11 million on May 11, 2025, with active addresses rising to 950,000, marking the highest levels seen since June 2023.

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Record-Breaking Transaction Levels

The Avalanche Foundation reported that the platform’s transaction total for a single day reached 10.8 million. This number surpasses all previous records, signaling a surge in engagement across DeFi applications, gaming ventures, and automated processes. While some transactions are performed by bots, many represent actual user activity, such as token exchanges and NFT creations.

Growth in Active Users

Reports indicate that around 950,000 addresses interacted with the network within one day, marking the strongest participation in nearly two years. This surge involves both regular users and developers. To date, almost 30 million smart contracts have been established on Avalanche, enhancing the array of tools and games available to users.

Market Developments and Price Trends

AVAX has managed to surpass the resistance level of $24.55 this week, coinciding with a broader uptick in major cryptocurrencies, resulting in a 110% increase over the past two weeks. Bitcoin surged beyond $105,000, with risk assets performing strongly after a trade agreement between the US and China was finalized. This positive sentiment often benefits cryptocurrencies.

Avalanche Summit Outlook

The network is entering its Avalanche Summit in London with considerable momentum. Emin Gün Sirer, founder of Ava Labs, expressed optimism regarding milestones achieved, suggesting that forthcoming announcements could be even more significant. If new partnerships or enhancements to the protocol are introduced during the summit, it could provide an additional boost to both user engagement and AVAX’s market value.

The reduction in selling pressures observed since February has created a favorable environment for buyers. This shift indicates growing confidence in the technology and community surrounding Avalanche. The token previously achieved an all-time high of over $146 in November 2021 and has since experienced fluctuations, though the recent upswing signifies sustained interest from users and investors.

Analysts at Nansen have also shared a positive perspective. Aurelie Barthere noted expectations that altcoins, stocks, and even the US dollar could see simultaneous growth, contingent on continued favorable developments—both from the market and within Avalanche itself.

Currently, Avalanche is positioned among the top layer-1 blockchains regarding daily activity, reflected in impressive statistics: 10.8 million transactions in a single day, nearly 1 million active addresses, and millions of smart contracts ready for deployment.