Avalanche Activity Soars Despite AVAX Price Dip

The Avalanche network is experiencing significant growth in activity, even as its native token, AVAX, has faced a decline, dropping from above $25 amidst a general pullback in the cryptocurrency market.

Key Takeaways

Avalanche network activity is increasing despite AVAX experiencing a price drop.
AVAX recently hit a peak of $25.64 before retreating to around $23.61.
Daily transactions on Avalanche have more than doubled, rising from 500,000 to over 1.3 million.
Strong fundamentals, including stablecoin growth and DeFi engagement, indicate a promising outlook for AVAX.
Avalanche is expanding into real-world asset tokenization, with Bowmore launching tokenized whisky on its blockchain.

Avalanche activity spikes despite AVAX price pullback

The price of AVAX reached a peak of $25.64 on August 18, following a recovery from support levels around $23.40 in the previous week. However, due to a broader market trend of profit-taking, AVAX has retracted, now trading around $23.61, a 5% decrease in the last 24 hours. This dip occurred as Bitcoin fell below $115,000 and Ethereum approached $4,200.

Although AVAX is feeling the same downward pressure as the wider risk-asset market, recent data indicates resilience in the Avalanche network, supporting a positive long-term outlook. Besides the notable rise in stablecoin transactions, on-chain statistics from Nansen highlight a substantial increase in Avalanche’s daily transactions over the past two weeks.

According to an update from the multichain analytics platform released on August 18, Avalanche has seen a staggering growth of over 100% in daily transactions within the last month. Transactions soared from around 500,000 per day to over 1.3 million, marking a significant uptick.

Avalanche activity is indeed on the rise! 🔺

In the last 30 days, daily transactions have surged from approximately 500K to more than 1.3M, more than doubling in just two weeks!

The momentum for @avax is definitely escalating. pic.twitter.com/iDIW8Vihw3 — Nansen 🧭 (@nansen_ai)

Most of this growth occurred during a rapid two-week period where Avalanche experienced substantial network expansion. While the current price momentum for AVAX may be cooling, analysts suggest that strong fundamentals remain, indicating a potential breakout for the token. Growth in stablecoins and increased activity in decentralized finance (DeFi) are key factors in this optimistic outlook.

With an uptick in on-chain metrics pointing to heightened user engagement, DeFiLlama data reveals that the total value locked (TVL) in Avalanche has begun to recover from its lows in April 2024. Beyond TVL, Avalanche is gaining recognition as a platform for tokenizing real-world assets. A recent development involves Bowmore, one of Scotland's oldest distilleries, which plans to launch its first-ever tokenized whisky bottles on the AVAX blockchain.

In July 2025, Avalanche made headlines with the announcement of bringing $250 million in real-world assets on-chain through Grove. The platform has also partnered with Visa to facilitate global stablecoin settlements.