Avalanche’s blockchain is seeing unprecedented activity, with transaction counts surging 66% in a single week to reach over 11.9 million. More than 181,000 active addresses took part during this milestone stretch, marking Avalanche as the week’s fastest-growing major blockchain network.
Analysts point to a confluence of decentralized finance (DeFi) trading, automated bots, and whale memecoin speculation driving the surge.
The boost in activity came shortly after the US Department of Commerce adopted Avalanche among ten blockchains for institutional data publication, raising its profile in crypto circles.
Despite this headline, grassroots market drivers, particularly decentralized exchanges and high-volume traders, are responsible for the real acceleration, according to Nansen analysts.
Did you know?
Avalanche was chosen by the US Department of Commerce alongside nine other blockchains to help publish real GDP data, showcasing its institutional appeal.
Decentralized exchanges spearhead the Avalanche boom
DEXs are at the center of Avalanche’s expanded usage, with Trader Joe emerging as the primary venue. In just seven days, Trader Joe processed more than $333 million in Avalanche Wrapped Ether (WETH.e) volume.
Power users, tracked on Nansen’s leaderboard, reportedly executed multiple trades in the six-figure range, further pushing overall activity.
Aave’s flash lending protocol and Benqi’s DeFi platform contributed significant volume, with each seeing hundreds of thousands of dollars move through Avalanche’s network.
Automated trading bots and miner extractable value (MEV) software accounted for about a quarter of the jump, as robots rapidly scanned for arbitrage and yield opportunities.
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Whales and memecoin speculation amplify the surge
Crypto whales, large holders making big trades, played a critical role in the growth, especially in memecoin speculation. Tokens like BLACK recorded $14 million in trading volume, and some whale wallets amassed up to $95,000 in one token alone.
Nansen estimates that whale activity and memecoin fever currently account for around 10% of total Avalanche transaction volume.
An additional 5% of network activity stemmed from blockchain gaming and NFT trading, rounding out Avalanche’s expanding ecosystem.
This diverse mix of participants, ranging from institutional data providers to speculative retail traders, underscores the blockchain’s adaptability in the rapidly evolving crypto sector.
As other blockchains like Solana see declines, Avalanche’s uptick signals a shift in investor focus and growing confidence in its DeFi infrastructure.
If DEXs, automated trading, and memecoin trends persist, Avalanche may continue outpacing peers, setting new records in blockchain activity for the remainder of 2025.
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