Despite a recent price slip from its high of $25, Avalanche (AVAX) shows a strong underlying network health. While the token's value dropped to $23.61 due to a broader market sell-off, its on-chain activity tells a much more bullish story.
Avalanche's daily transactions have more than doubled over the past month, soaring from 500,000 to over 1.3 million. This surge points to real, increasing utility on the network, driven by growth in stablecoins and decentralized finance (DeFi). The total value locked (TVL) on the network is also showing steady recovery.
The platform is making significant strides in the tokenization of real-world assets. Recent developments include:
Although the price has cooled, the fundamental growth of the network remains strong. Analysts believe that if this user activity continues, AVAX could be well-positioned for its next breakout once market conditions stabilize. For now, Avalanche appears to be quietly building long-term value, even if the price chart doesn't immediately reflect it.
August 2025, Cryptoniteuae