Avalanche Rumbles 21% Amid Record-Breaking Address Activity
Avalanche's native token, AVAX, increased by 25% over the past week, driven by a surge in on-chain activity. Daily transactions peaked at 10.8 million on May 11, 2025, marking a record high. Active addresses reached 950,000, the highest since June 2023. The growth reflects increased engagement across DeFi applications, gaming projects, and NFT minting. AVAX surpassed the $24.55 resistance level and has risen approximately 110% in the last two weeks, coinciding with a broader rally in cryptocurrencies following a US-China trade deal. The upcoming Avalanche Summit in London is anticipated to generate further momentum, with potential announcements that could enhance usage and AVAX's price. Analysts express a bullish outlook for Avalanche and the broader market, emphasizing the platform's strong position among top layer-1 blockchains.
