Avalanche Smashes 20M Transaction Milestone—Proof of Mainstream Adoption or Just Hype?
Avalanche just bulldozed through 20 million transactions—numbers don't lie, but crypto marketers do. Is this the long-promised 'real-world utility' or another case of blockchain theater?
The Layer 1 contender's record-breaking activity sparks debate: genuine adoption or speculative frenzy? We've seen this movie before—remember when 'institutional adoption' meant hedge funds parking cash during bull runs?
Meanwhile, TradFi bankers still can't tell a smart contract from a Starbucks receipt. Maybe that's why they're stuck paying 2% fees for 'secure' SWIFT transfers that take three business days—plus a prayer.
Record Transactions Hit New High
According to on‑chain data, Avalanche logged 20 million transactions in a single day—its highest daily count ever. That surge reflects growing activity on the network.
People are swapping tokens, engaging with smart contracts, and trying out new decentralized apps. It shows Avalanche can roll with heavy traffic without breaking a sweat.
Avalanche hit 20 million transactions in a single day for the first time this week. pic.twitter.com/onwpn57xD5
— Avalanche
(@avax) July 12, 2025
On‑Chain Fundamentals Gain Strength
Activity on Avalanche isn’t just about one metric. Unique addresses on the network have climbed, suggesting a wider base of users.
At the same time, total value locked in Avalanche-based protocols has held steady. Based on these signals, it looks like developer interest and real usage are building on top of the Core chain.
Avalanche $AVAX must hold above $20 to keep the uptrend intact and aim for the channel’s upper boundary at $26! pic.twitter.com/deQvlaiNKQ
— Ali (@ali_charts) July 13, 2025
Technical watchers are now zeroing in on key price points. Crypto strategist Ali Martinez says AVAX needs to stay above $20 to keep bulls alive.
He argues that a sustained hold here could open the door to the next resistance zone near $26. Other analysts have a more aggressive take: reclaiming $24.27 WOULD clear the way for a run past $54.
Based on current AVAX price forecast of CoinCodex, the token could rise by 6.54% to reach $23 by August 13, 2025. Technical indicators show a Neutral sentiment right now, while the Fear & Greed Index sits at 74 (Greed). Over the past 30 days, Avalanche saw 14 green days out of 30, with price swings averaging 5.97%.
Risks And Competition LoomCrypto markets aren’t operating in a vacuum. Shifts in US interest rates, fresh regulatory moves, or big announcements from rival chains can push AVAX off course. ethereum layer‑2 networks and other layer‑1 blockchains are all vying for the same users.
The next few weeks should be telling. A drop below $20 could lead to more choppy trading. But a firm MOVE above $24.20 might spark larger bets. Investors who like a bit of risk may add small positions around current prices.
More cautious players may wait for a clear confirmation above the resistance band. Either way, all eyes are on Avalanche as it works through this make‑or‑break phase.
Featured image from Unsplash, chart from TradingView
