Avalanche (AVAX) Surges as Network Activity Explodes—Are Traders Finally Waking Up?

Avalanche just ripped past resistance as active addresses hit 950,000—a clear signal that retail and institutional players are piling in. The Layer 1 chain, often overshadowed by Ethereum and Solana, is flexing serious adoption metrics while BTC maximalists seethe.

Why the sudden spike? Three words: subnets, incentives, and FOMO. Avalanche’s custom blockchain deployments (subnets) are gobbling up enterprise use cases, while juicy staking rewards keep speculators hooked. Meanwhile, ETH gas fees just punched another hole in traders’ wallets—timing is everything.

Cynical take? Wall Street probably won’t notice until the next 50% correction. But for now, AVAX is doing what altcoins do best: mooning while nobody’s looking.

Avalanche price gaining momentum

Avalanche price recently broke higher after buyers managed to take out bears near the key resistance level of $23. The gains above this zone align with a broader acceleration of upside momentum for cryptocurrencies in the past week, with AVAX price up more than 30% in this period at the time of writing.

Notably, the dip in downside pressure for AVAX, in place since February, comes as crypto reacts to macroeconomic tailwinds. Avalanche gains as Bitcoin (BTC) spikes to above $105k on risk assets strength following a major U.S.-China trade agreement.

The deal, reached after a meeting in Switzerland over the weekend, had stocks surging with the Dow opening more than 1,000 points higher on Monday.

Strong buyer momentum pushed most coins up and analysts see a potential continuation. 

Aurelie Barthere, Principal Research analyst at Nansen, expressed such a bullish take in comments shared with crypto.news. In his opinion, altcoins, equities, and the U.S. dollar are poised for upward movement.

“Bitcoin has been the clear outperformer so far, largely because it remains insulated from tariff-related risks while also benefiting from its own powerful catalysts, including the reserve asset narrative and continued institutional accumulation, led by Saylor and other corporate buyers. However, following the latest Bessent and Greer announcements, I expect altcoins, US equities, and the US dollar, which all underperformed sharply in Q1, to begin catching up as the broader risk environment improves,” Barthere noted.

Avalanche hit its all-time high above $146 in November 2021.