The Avalanche network, widely known for its robust growth, recently hit a snag as it experienced a minor slip from its high pitching above the $25 mark. The native token’s slip-up has been attributed to a pullback across the Bitcoin market that affected most coins.
The price of Avalanche experienced a retreat from highs going over $25 amidst a broader market sell-off pressure. Despite this, Nansen data indicates that the Avalanche’s onchain growth momentum continues to rise, undeterred by these challenging circumstances.
Avalanche Token’s Performance
Climbing to the heights of $25.64 on August 18, the Avalanche token had experienced a bullish leverage stemming from support levels around $23.40 throughout the week. But, like most cryptocurrencies, the AVAX witnessed some downswing in the past 24 hours due to pervasive profit-taking. Eventually, AVAX fell about 5% in the last 24 hours and hesitated around $23.61 as Bitcoin dipped below $115k, and Ethereum declined, nearing $4.200.
Growth in Avalanche Network Activity
Yet, among this downside pressure affecting the broader risk-asset market, where Avalanche’s price also fell victim, network data reflects a strength that safeguards its long-term view. As per onchain data from Nansen, the previous fortnight has recorded a vast increase in transactions for Avalanche, aside from its prime metric of stablecoin growth.
An update shared by the multichain artificial intelligence-powered analytics platform unveiled how Avalanche’s daily transactions surged to more than 100%. Growing from around 500,000 transactions per day, Nansen’s data shows the network hitting over 1.3 million in daily transactions. Impressively, this rigorous uptick mostly transpired within a two-week period, indicating significant network growth for the Avalanche.
Outlook and Momentum
Although the AVAX’s momentum may seem like it’s slowing down, bullish fundamentals hint at the possibility of a breakout in Avalanche’s price setup. Stablecoin growth, along with the traction of decentralized finance, backs this outlook.” The network continues to present powerful fundamentals despite a cooling momentum
TVL and Other Vital Metrics
While seismic onchain metrics highlight a surge in user-based activities, DeFiLlama data demonstrates that the total value locked (TVL) is slowly recovering from its nadir in April 2024. However, other positive signs are catching attention in the Avalanche network. The platform is growing popular as a favourable hub for real-world asset tokenization. This is underscored by the recent announcement by Bowmore, one of Scotland’s oldest distilleries, which revealed its plans to release its first-ever tokenized whisky bottles on the AVAX blockchain.”
A remarkable event in July 2025, Avalanche made headlines as it revealed that $250 million in total real-world assets (RWAs) would be onchain via Grove. In a significant major settlement deal, the platform also partnered with Visa for global stablecoin.
In summary, while the Avalanche may have weathered a slight pullback, data suggests a promising narrative of growth and stability. With strong fundamentals and a vibrant outlook, this network is well-positioned to navigate the tumultuous crypto market.
