Recently, the Avalanche network has shown significant growth in activity, reflected in increased transaction volumes and active addresses.
Surge of Transactions in Avalanche Network
The 7-day moving average (7DMA) of on-chain transactions has climbed above 1 million, marking a sharp rise from just 296,000 at the beginning of May. By mid-month, daily transaction averages had more than doubled to nearly 700,000. Although the pace briefly slowed, early June reignited momentum, with the 7DMA spiking to 1 million, its highest point in over 12 months.
The spike in activity also influenced fees, as the 7DMA of average transaction fees on Avalanche doubled in the same timeframe—from 0.0035 AVAX at the start of May to 0.0072 AVAX currently—signaling growing demand for blockspace.
Record Active Addresses in May
While transaction volume saw a steady increase, active addresses experienced a more volatile trend. In early May, Avalanche’s 7DMA for active wallets surged from 40,000 to nearly 296,000, resulting in a record total of 3.6 million active addresses for the month. This figure exceeded the chain’s previous high of 3.09 million set in December 2021.
However, since the peak, daily active addresses have cooled off significantly, now hovering around 68,000.
Outlook and Conclusion
Avalanche’s recent activity signals renewed interest in the network, with record-breaking active address figures and transaction volumes pointing to growing user engagement. Whether this momentum continues through Q2 may depend on sustained user adoption and the network’s ability to convert this spike into long-term growth.
In conclusion, Avalanche shows positive trends in its network, indicating increased user participation and the potential for further platform development.
