2026-04-11 14:03:14

🤔 Avalanche transactions reached the highest level in 2026 at 3,5 million: Can AVAX reach $10 times again?

Avalanche has experienced a large surge in on-chain activity and network utilization. According to Nansen, Avalanche’s daily transactions have increased to 3,5 million, the highest level in the past year.
This spike indicates growing network utilization. During this period, active addresses on the network have risen from 100K for most of 2025 to a new range of 500K to 700K.
Nansen noted three main factors driving this network growth. First, Grayscale launched GAVA, an AVAX staking ETF fund on Nasdaq, creating a link for institutional investors.
Second, the SEC and CFTC classified AVAX as a digital commodity, which brought regulatory clarity. Finally, Broadridge introduced on-chain proxy voting, enabling on-chain governance.
As active addresses and transactions increase together, this suggests that the fundamentals are strengthening through real-world usage rather than speculation.
In fact, the network has seen an increase in real users, as evidenced by the Sybil and Non-Sybil indices. This index shows the number of non-Sybil users has grown from 5 thousand to 49 thousand over the past four months.
🔸 Market demand is gradually recovering
Interestingly enough, as network activity increases, AVAX has seen significant demand in the market, especially from major institutions.
On the spot side, for example, buyers have demonstrated relative strength in recent weeks. Over the past three days, this altcoin has recorded $49 million dollars withdrawn compared to 45,9 million dollars flowing in.
As a result, spot net flow remains negative, down 180% to -3,06 million dollars, a clear sign of active spot accumulation.
Looking at the Spot Average Order Size data, it seems this demand mainly comes from whales. Therefore, large whale orders have taken place around the $9,3 level, with whales setting a demand barrier around $8,9 and $9,3.
‍#AVAX | #Avalanche | $AVAX

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TopCryptoNews2026-04-11 11:21:56

🤔 Avalanche transactions hit a 2026 high of 3.5 mln: Can AVAX reach $10 again?

Avalanche has experienced a massive surge in on-chain activity and network usage. According to Nansen, Avalanche’s daily transactions have surged to 3.5 million, the highest level in the past year.

Such a massive jump in transactions indicated growing network usage. Over this period, the network’s active addresses went from 100K for most of 2025 to a new floor of 500K to 700K.

Nansen noted three major factors that primarily drove this network growth. Firstly, Grayscale launched GAVA, an AVAX staking ETF on Nasdaq, creating a link for institutional investors.

Secondly, the SEC and CFTC classified AVAX as a digital commodity, thus bringing regulatory clarity. Finally, Broadridge brought proxy voting on-chain, allowing on-chain building.

When active addresses and transactions rise in tandem, it suggests strengthening fundamentals through real usage rather than speculation.

In fact, the network has seen a surge in real users, as evidenced by the Sybil and Non-Sybil metrics. This metric showed that non-Sybil users have climbed from 5k to 49k over the past four months.

🔸 Market demand is gradually recovering

Interestingly, as network activity rises, AVAX has seen significant demand across the market, especially from large entities.

On the spot side, for example, buyers have shown relative strength in recent weeks. Over the past three days, the altcoin recorded $49 million in outflows compared to $45.9 million in inflows.

As a result, the Spot Netflow has remained negative, dropping by 180% to -$3.06 million, a clear sign of aggressive spot accumulation.

Looking at the Spot Average Order Size data, it seems this demand is mostly arising from whales. As such, large whale orders have occurred around $9.3, with whales establishing a demand wall around $8.9 and $9.3.

‍#AVAX | #Avalanche | $AVAX

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