Avalanche (AVAX) Surges 16% as VanEck Files for ETF

Avalanche (AVAX) has demonstrated remarkable performance in the cryptocurrency market, achieving a 16% gain over the past week. This surge has positioned it as the fastest-growing ecosystem within the top 10, with the token currently trading around $20, recovering from its March lows near $16.

This impressive performance coincides with VanEck's filing of a 19b-4 form with the U.S. Securities and Exchange Commission, indicating its intention to launch an Avalanche ETF. This move makes VanEck the second asset manager to pursue such a product, following an earlier S-1 registration submitted in March. The filing has sparked renewed interest in AVAX, with trading volume surging significantly.

Despite a continued slide in Total Value Locked (TVL) since the start of 2025, Avalanche’s TVL has shown a clear rebound in April, climbing back above $1.2 billion. This recovery points to renewed confidence in the network, with Avalanche achieving a 14.4% increase in DeFi TVL over the past month—the highest growth among the top 10 ecosystems. While other major networks like Ethereum, Arbitrum, and Base experienced monthly declines, and Solana and BSC saw only modest gains, Avalanche displayed a distinct upward trend. Its DeFi TVL now stands at $1.63 billion, supported by over 430 protocols. This growth reflects heightened developer activity and renewed user interest in the network, positioning Avalanche as a standout performer in early Q2 2025.

Technically, the $30 level remains a key psychological and structural resistance for AVAX, last tested in early February 2025 and again during multiple rejections in mid-2024. For a decisive move toward the $30 mark, bulls must clear the resistance zone between $24 and $26. Crypto expert Miya has expressed strong confidence in Avalanche, signaling a bullish outlook for its future performance. With current market momentum, she sees a clear path for AVAX to reach the $30 mark. This phase presents an ideal accumulation opportunity for investors, especially before any major breakout. The optimism stems from growing strength in AVAX’s trend, supported by solid technical indicators and renewed interest in Layer 1 projects. If momentum holds and AVAX firmly reclaims the $26 level, a push toward $30 becomes achievable. However, a period of short-term consolidation is likely before any potential breakout occurs.

The Avalanche blockchain has been gaining momentum as an innovation aimed at modernizing traditional financial systems. Known for its scalability and efficiency, Avalanche offers real-time finality that could upgrade existing RTGS systems such as SWIFT and Fedwire. With EVM compatibility, financial institutions can deploy Ethereum-based smart contracts to enable tokenization and on-chain derivatives that replicate ETF performance. These features make Avalanche attractive for institutions looking to capitalize on the evolving regulatory environment in the United States by launching new revenue streams. The decentralization with high throughput means the platform can improve funding markets, repo settlements, and liquidity management with greater speed and transparency. As the Avalanche blockchain continues to integrate with the financial sector, it is positioning itself as a potential leader in blockchain innovation.

Looking ahead, Changelly predicts AVAX to trade between $16.33 and $20.47 in April 2025, with an average price of $18.40. More comprehensive projections for the full calendar year see the token’s average price at $20.94. These forecasts, though cautious, align with Avalanche’s recent trend, especially if bullish drivers such as ETF approval materialize. Institutional demand, strong fundamentals, and accelerating adoption could continue driving AVAX’s rise through the rest of the year. With a market capitalization of around $7.5 billion, AVAX currently stands at number 13 worldwide based on market capitalization, reinforcing its position in the digital assets arena.