Avalanche’s native token, AVAX, saw a near 5% price surge over the past 24 hours as the blockchain network celebrated two major milestones.
The Avalanche Foundation shared details of the impressive growth, marking May 11, 2025 as a standout day for the platform.
Milestones Achieved:
- Daily Transactions: Avalanche hit an all-time high of 10.8 million daily transactions, reflecting growing adoption and usage.
- Active Addresses: The network also saw 950,000 active addresses, its highest count since June 2023.
The growth is attributed to momentum in decentralized finance (DeFi), gaming, and other blockchain-based ecosystems. Avalanche’s adoption has been fueled by nearly 30 million smart contracts deployed, indicating robust developer activity.
The Avalanche Foundation hinted that these numbers could be just the beginning. Emin Gün Sirer, the founder and CEO of Ava Labs, expressed confidence in continued growth, stating in a post on X:
“Milestones like this will look minuscule in time.”
Price Action:
The AVAX token recently broke through the critical $23 resistance level, coinciding with broader bullish momentum across the crypto market. Over the past week, AVAX has climbed more than 30%, driven by:
- A decrease in selling pressure that has persisted since February.
- A macro tailwind from global economic developments, including Bitcoin’s recent surge past $105,000 after the U.S.-China trade agreement.
U.S.-China Trade Agreement Fuels Crypto Momentum:
Over the weekend, a trade agreement between the U.S. and China was reached in Switzerland, leading to major reductions in tariffs. The U.S. agreed to cut tariffs on Chinese goods from 145% to 30%, while China reduced its tariffs on American imports from 125% to 10%.
This news sparked a rally across risk assets, with the Dow Jones Industrial Average opening more than 1,000 points higher. Bitcoin surged above $105K, pulling up altcoins like Avalanche along with it.
Analyst Reactions:
Aurelie Barthere, Principal Research Analyst at Nansen, sees the current momentum as a turning point for altcoins:
“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… However, following the latest Bessent and Greer announcements, I expect altcoins, US equities, and the US dollar to begin catching up as the broader risk environment improves.”
What’s Next for Avalanche?
The latest surge comes just ahead of the Avalanche Summit in London, signaling that more growth announcements could be on the horizon. Avalanche’s all-time high of $146, achieved in November 2021, remains a key target for bulls. With momentum building, analysts are optimistic that AVAX could retest these levels, particularly if macroeconomic conditions remain favorable.
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