Avalanche's native token, AVAX, has surged 21% recently due to a significant increase in on-chain activity.
On May 11, 2025, the network recorded 10.8 million daily transactions, the highest to date, and saw 950,000 active addresses, the most since June 2023.
AVAX broke above $24.55 resistance, rallying around 110% over the past 14 days, in line with a broader market uptrend driven by factors like Bitcoin's rise and improved trade relations.
Avalanche is gearing up for its Summit in London with strong momentum, indicating potential for further growth through new partnerships or protocol upgrades that could boost both network usage and AVAX price.