Avalanche (AVAX) is experiencing a significant on-chain resurgence, with transactional and user metrics reaching levels not seen in over a year.
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.
May Surge Signals New Cycle of Network Demand
Avalanche began May with relatively modest on-chain activity. By mid-month, daily transaction averages had more than doubled to nearly 700,000. Although the pace briefly slowed, early June reignited momentum. Between May 31 and mid-June, the 7DMA spiked again from 400,000 to 1 million—its highest point in more than 12 months.
The spike in activity also influenced fees. 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.
Active Addresses Set New Record 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, pushing the monthly total to a record 3.6 million. That 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.
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.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/avalanche-transaction-volume-hits-1-million-as-network-activity-surges/