Crypto & Forex November 9, 2026 0 Comments

Is Avalanche’s Network Surge the Hidden Catalyst That Could Ignite AVAX’s Next Big Price Leap?

Avalanche just crossed a landmark that’s tough to ignore — over 1.60 billion transactions on its mainnet since launch back in September 2020. Now, that’s a hefty number, especially considering the crypto market’s been more down than up lately. But hey, is hitting that milestone truly telling the full story? Not quite . The three-month transaction average tells a different tale, sitting way below the traffic Avalanche enjoyed during its early days. In fact, the current daily transaction volume is less than a third of what it was six years ago when things first kicked off. Here’s a curveball: despite this slowdown, network fees jumped a surprising 30% in just 24 hours, hinting at some hidden tension beneath the surface. So, what’s really driving this sudden bump in transactions when sentiment seems otherwise muted? Let’s unpack the undercurrents shaking up Avalanche’s world right now and see if this crypto giant is quietly gearing for a comeback or just spinning its wheels. LEARN MORE

Avalanche sits among the top-30 cryptos by market cap with a value of close to $3.64 billion. It’s in the news today after it crossed the 1.60 billion mark for total transactions on the mainnet since launching in September 2020. This new milestone was achieved despite a bearish crypto market.

However, that’s not the entire story. Especially since the three-month average for transactions seemed to be far below the volume it commanded in its initial days.

At press time, the number was well below 1 million, while the volume 6 years ago when it launched was above 3 million.

Worth noting, however, that in the last 24 hours, its network fees spiked by 30%, indicating network congestion. Hence, the question: What’s behind the uptick in the number of transactions?

AVAX Spot, Futures traders defy broader market trend

On-chain data from CoinGlass revealed that AVAX traders have been defying the market downtrend. Both Spot and Futures markets were net buying at 51.60%, with a bullish divergence confirmed on the 15-minute chart.

The Futures CVD was at $2.39 million, while that of Spot was at $462K. This implied that the derivatives market was more optimistic than the spot one.

These traders could be buying the dip since AVAX has been on a downtrend over the past week. In fact, it fell from around $12 to $8, a loss equivalent to about 32%.

At press time, its mindshare was also down 10%, with sentiment from top influencers turning neutral.

Understanding Avalanche’s real-world financial activity

The existing optimism could be attributed to the ecosystem growth, especially on the real-world front. It’s growing exponentially on a quarter-on-quarter basis, especially when the third and second quarters were compared.

For instance, Avalanche’s DEX volume doubled to about $5.33 billion, indicating heightened trading activity both on buys and sells.

Additionally, RWAs on C-Chain reached $1.22 billion, with the tokenized treasuries leading with a growth of 14% to reach $545 million. At the same time, Dinari stock purchases jumped by over 34%, equivalent to $9 million. These figures confirmed AVAX’s growing RWA financial activity.

Finally, card spending surged by 74%, which totaled more than $10 million. Similarly, on-chain credit grew by 34%, reaching $37.40 million. Both implied that traders have been using Avalanche for payments.

Despite such strong activity, if the higher high at $7.90 is lost as support, AVAX could slide to $6.85 or subsequently test the psychological level at $6. However, if capital flows into the chain through RWA, the downside risk could be managed.

Final Summary

Avalanche hit a milestone of over 1.60 billion transactions as Spot and Futures buyers returned.
AVAX’s price has been falling over the past week, but RWA financial activity is reason for optimism.