The blockchain network achieved two significant milestones in daily transactions and active addresses, resulting in a modest increase in the value of Avalanche’s native token
The Avalanche token jumped nearly 5% in 24 hours as top cryptocurrencies soared, with the Avalanche Foundation sharing details of two significant milestones for the layer blockchain network.
Per the team, activity across the Avalanche network saw daily transactions on the platform reach an all-time high of 10.8 million on May 11, 2025.
Active addresses, another critical metric, also increased to 950,000, the highest count for Avalanche since June 2023.
Growth for Avalanche has been facilitated by the momentum in decentralized finance, gaming, and other ecosystems. Nearly 30 million contracts have been deployed as a result of the adoption momentum.
It is intriguing that Avalanche is experiencing substantial momentum in anticipation of its highly anticipated Avalanche Summit in London.
Emin Gün Sirer, the founder and CEO of Ava Labs, stated in a post on X that milestones such as the aforementioned will appear insignificant in the future due to the company’s rapid growth and significant partnerships.
The price of an avalanche is increasing.
The price of Avalanche recently surged after buyers successfully eliminated bears near the critical resistance level of $23.
The upward trajectory of cryptocurrencies has been accelerated in the past week, as evidenced by the gains above this zone. At the time of writing, the price of AVAX has increased by over 30% during this period.
It is important to note that the decrease in downside pressure for AVAX, which has been in effect since February, is a result of the reaction of crypto to macroeconomic tailwinds.
Avalanche gains as Bitcoin surges to over $105k on the strength of risk assets in the wake of a significant U.S.-China trade agreement.
After a meeting in Switzerland over the weekend, the agreement was achieved, causing a surge in stocks, with the Dow opening more than 1,000 points higher on Monday.
Most coins experienced an upward trend due to robust buyer momentum, and analysts anticipate that this trend may persist.
Aurelie Barthere, the Principal Research analyst at Nansen, has conveyed a bullish perspective in comments that were shared with crypto.news. He believes that the U.S. dollar, equities, and altcoins are on the brink of a significant increase.
“Bitcoin has been the clear outperformer so far, largely because it remains insulated from tariff-related risks while also benefiting from its own powerful catalysts, including the reserve asset narrative and continued institutional accumulation, led by Saylor and other corporate buyers. However, following the latest Bessent and Greer announcements, I expect altcoins, US equities, and the US dollar, which all underperformed sharply in Q1, to begin catching up as the broader risk environment improves,” Barthere noted.
