Avalanche [$AVAX] is among the top chains by activity, but its price action continues to struggle just like other cryptos.
Notably, the number of transactions on Avalanche’s C-Chain has increased significantly since last year. Furthermore, while the stablecoin market cap is rising, indicating that liquidity is growing on the chain, $AVAX’s price continues to lag.
Daily transactions on Avalanche surges
As per on-chain data, the number of average daily transactions on Avalanche has exploded in the past year. To be specific, they have been moving consistently up since Q2 of 2025.
In April and May of 2025, daily transactions on $AVAX stood at around 300K per day. The spike on the 13th of July took Avalanche’s transactions to 6.2 million, which equates to an increase of nearly 20x in a year.
However, this metric has not been steady, with traffic down 9% in the past 24 hours, clocking 2.620 million as of writing.
However, despite the decline in transactions, the burn rate increased by almost 4%. About 135.65 $AVAX were burned permanently, an increase from 130.51 $AVAX the previous day.
Total supply on Avalanche up by double-digits
Moreover, Avalanche broke into the top-10 stablecoin networks. This is after $AVAX’s stablecoin supply inreased by more than 43% in just a week, reaching a total of over $2 billion. However, at press time, it has dropped to $1.90 billion.
However, according to DefiLlama, the $AVAX stablecoin market cap has declined by 11% this week to around $1.59 billion . All in all, the data shows chain activity on Avalanche is thriving organically, but it’s leaving the price of the native token behind.
Here’s why $AVAX price is lagging
The daily price-action chart is making new lower levels. For instance, it consolidated between $8.369 and $10.483 from February to June before breaking below the $8 support. Again, it has entered another stall as it trades between $6.231 and $7.100 since the beginning of June.
The overall downtrend is evident from the CVD. In fact, 22.82K $AVAX were sold in 24 hours despite momentum being on the buyers’ side.
The market structure is bearish, which explains why the token is falling despite its thriving network activity. Again, the broader crypto market is weak, and $AVAX is not an exception to this trend.
Final Summary
- Avalanche’s daily transactions spike by nearly 20x in a year alongside its stablecoin market cap.
- $AVAX price is making new lower lows, with the price now stalling between $6.231 and $7.100 since June.