Avalanche price spikes as active addresses hit 950k

Avalanche’s native token rose slightly as the blockchain network hit two key milestones in daily transactions and active addresses. The Avalanche (AVAX) token jumped nearly 5% in 24 hours as top cryptocurrencies soared, with the Avalanche Foundation sharing details of two major milestones for the layer blockchain network. Per the team, activity across the Avalanche network saw daily transactions on the platform hit an all-time high of 10.8 million on May 11, 2025. Another key metric, active addresses, also jumped to 950,000, the highest count for Avalanche since June 2023. Activity across the Avalanche network is surging, with milestones achieved on May 11th, 2025: 10.8M+ daily transactions — an all-time high 950K active addresses — highest since June 2023 Nearly 30M contracts deployed — and growing Momentum is building across the... pic.twitter.com/ZfN8PfoJqk — Avalanche Foundation (@AvalancheFDN) May 12, 2025 Growth for Avalanche has come amid momentum in decentralized finance, gaming, and other ecosystems. Adoption momentum has seen nearly 30 million contracts deployed. Interestingly, Avalanche is seeing notable traction ahead of its highly anticipated Avalanche Summit in London. The rate of growth, alongside key partnerships, means milestones such as the above “will look minuscule in time,” Ava Labs founder and chief executive officer Emin Gün Sirer said via a post on X. Avalanche price gaining momentum Avalanche price recently broke higher after buyers managed to take out bears near the key resistance level of $23. The gains above this zone align with a broader acceleration of upside momentum for cryptocurrencies in the past week, with AVAX price up more than 30% in this period at the time of writing. Notably, the dip in downside pressure for AVAX, in place since February, comes as crypto reacts to macroeconomic tailwinds. Avalanche gains as Bitcoin (BTC) spikes to above $105k on risk assets strength following a major U.S.-China trade agreement. The deal, reached after a meeting in Switzerland over the weekend, had stocks surging with the Dow opening more than 1,000 points higher on Monday. Strong buyer momentum pushed most coins up and analysts see a potential continuation. Aurelie Barthere, Principal Research analyst at Nansen, expressed such a bullish take in comments shared with crypto.news. In his opinion, altcoins, equities, and the U.S. dollar are poised for upward movement. “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. Avalanche hit its all-time high above $146 in November 2021. Source: https://crypto.news/avalanche-price-spikes-as-active-addresses-hit-950k/