Avalanche's AVAX Surges 21% Amid Record 10.8M Transactions

Avalanche’s native token, AVAX, experienced a significant surge, rising by 21% amidst a record-breaking surge in on-chain activity. This increase is part of a broader trend where AVAX has sustained a 25% gain over the past week. The network achieved two new milestones on May 11, 2025, with daily transactions reaching nearly 11 million and active addresses jumping to 950,000—the highest since June 2023.

The Avalanche Foundation reported that the platform saw its single-day transaction count hit 10.8 million, surpassing all previous records. This surge in activity reflects a burst of action across decentralized finance (DeFi) applications, gaming projects, and automated scripts. While some transactions are attributed to bots, many represent real users engaging in token swaps or minting non-fungible tokens (NFTs).

On May 11, 2025, the Avalanche network achieved several significant milestones. These include 10.8 million daily transactions, the highest number of active addresses since June 2023 at 950,000, and nearly 30 million contracts deployed, with more being added continuously. This surge in activity indicates a growing interest and engagement within the Avalanche ecosystem.

Nearly 950,000 addresses interacted with the network in a single day, marking the strongest turnout in almost two years. This engagement includes both everyday users and developers, who have deployed nearly 30 million smart contracts on the Avalanche platform. Each new contract adds another tool or game for users, further enriching the ecosystem.

AVAX broke above the $24.55 resistance level this week, aligning with a broader rally in top tokens. This move left AVAX approximately 110% higher over the past 14 days. The surge in AVAX's price coincided with a rally in risk assets following the signing of a US-China trade deal in Switzerland. This development led to a sharp increase in stock prices, with crypto markets following suit. Traders noted that looser trade tensions often lift the prices of cryptocurrencies.

The Avalanche network is heading into its Avalanche Summit in London with strong momentum. Ava Labs founder Emin Gün Sirer hinted at upcoming announcements that could further boost both usage and the price of AVAX. The pullback in selling pressure, which has been in place since February, suggests renewed confidence in Avalanche’s technology and community. The token previously hit an all-time high above $146 in November 2021, and the recent surge indicates sustained interest from users and investors.

Analysts at Nansen expressed a bullish outlook, with Aurelie Barthere expecting altcoins, equities, and even the US dollar to climb together. This positive outlook is contingent on continued favorable news from both the broader markets and the Avalanche ecosystem itself. Currently, Avalanche stands among the top layer-1 blockchains in terms of daily use, with impressive figures of 10.8 million transactions on a single day, nearly 1 million active addresses, and millions of contracts ready for deployment.