news 
Avalanche (AVAX) A ‘Key’ Network To Watch, Analytics Firm Explains Why
Recent data released by analytics firm IntoTheBlock suggests that the Avalanche network is experiencing a surge in activity. The platform’s Active Addresses and New Addresses metrics have been steadily increasing since December 2024, reaching new highs in recent weeks.
According to IntoTheBlock, the rise in these indicators could signal accelerating adoption of the AVAX cryptocurrency. While it may take some time for this trend to manifest in the broader market, historically, increased user engagement has had a positive effect on asset prices.
Furthermore, the high levels of activity are not only comparable to those seen during the 2021 bull run but have also exceeded them. This surge in new users and existing participants interacting with the network has led IntoTheBlock to label Avalanche as “a key one to watch” going forward.
In contrast, AVAX’s price has been trending upward, having recently surpassed $40. The 8% gain over the past week is a clear indication that market sentiment remains positive, at least for the time being.
It remains unclear whether this upswing will continue in the long term, but it does offer some cause for optimism when considering the narrative surrounding Avalanche’s recent growth.
Source: bitcoinist.com
