AVAX price surges amid 168% spike in network usage

By: bitcoin ethereum news|2025/05/14 18:00:14
0
Share
copy
Avalanche token AVAX has seen its price surge by more than 32% this past week. Gains include a 9% spike in the past 24 hours. Nansen data showing Avalanche as top chain with 168% increase in network growth this past week. Avalanche (AVAX) has spiked significantly in the past week as the blockchain network witnesses notable growth. The surge to near new all-time highs for Bitcoin (BTC) and Ethereum (ETH) breaking to above $2,700 adds to positive vibes for not just Avalanche, but most altcoins. AVAX price spikes amid network growth The AVAX token is an uptrend and data from multichain analytics platform Nansen shows a staggering 168% surge in transaction activity. The seven day change for Avalanche tops all major chains, outpacing BNB Chain, ZKsync, Base and Scroll. Network activity comes alongside a notable uptick in Avalanche’s native token, AVAX. The surge includes climbing from lows of $15.69 to highs of $26.52. Buyers have been buoyed by broader market optimism and fresh network sentiment. Analysts attribute the upbeat sentiment to Avalanche’s notable growth. It includes the network’s role in real-world use cases. In one instance, Indian town of Dantewada digitized over 700,000 land records on Avalanche. Infusing tamper-proof records and cutting legal costs is key to blockchain use. It also underscores Avalanche’s potential for practical, large-scale adoption. With transaction volumes soaring, market sentiment suggests AVAX could be gearing up for further gains. Bitcoin’s run to $105k and altcoins’ upside signal the potential for further gains in 2025. VanEck launches tokenized fund on Avalanche Adding to Avalanche’s momentum, investment giant VanEck has launched its tokenized VanEck Treasury Fund (VBILL) on the network, alongside BNB Chain, Ethereum, and Solana. Announced by Securitize, VBILL offers institutional investors on-chain access to short-term U.S. Treasury investments, with a minimum entry of $100,000 on most chains and $1 million on Ethereum. This move bridges traditional finance and blockchain, providing crypto firms with a secure, liquid way to tap into the treasury market. Avalanche’s inclusion in this multichain strategy highlights its growing reputation as a reliable platform for institutional-grade solutions. The fund’s deployment on Avalanche attests to the platform’s scalability and security. It als alludes to Avalanche’s solidifying of the network’s position as a go-to network for innovative financial products. In 2021, the bull market rally saw AVAX price hit an all-time high of $146. While bulls are 80% off that peak at current levels, they could see a new leg up. Recent achievements, from transaction growth to institutional adoption, may be crucial catalysts for AVAX price. As the network attracts developers and investors alike, its role in the blockchain ecosystem looks set to expand even further. Source: https://coinjournal.net/news/avalanche-avax-rallies-as-network-activity-jumps-168/

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more