General-purpose blockchain Avalanche is seeing renewed interest from developers, as the number of daily active addresses on the Avalanche C-chain recently hit a new all-time high of 1.37 million.
Avalanche new addresses surge to new highs
According to the latest on-chain data, the number of daily active addresses on the Avalanche C-Chain recently surged to a new record high, climbing to 1.37 million, surpassing the typical 300,000 to 600,000 range – representing a massive 220% increase.
Notably, the team at Avalanche described the recent surge in daily active addresses as the “awakening” of the blockchain, reflecting strong interest in the network. In addition, the blockchain is also seeing unprecedented levels of transactions on the network.
The below graphic from avax.network shows the month-on-month progression of the number of transactions on the Avalanche blockchain. Besides the one peak in December 2023, the number of transactions on the network has been on an upward trend since September 2025.
In December 2025, the number of transactions on Avalanche stood at 71.18 million. However, in the first 20 days of January 2026, the number has already reached almost 40 million, on track to eclipse the December figure if the pace remains the same.
The number of smart contracts deployed on the network has also been rising since at least October 2025. The number of smart contracts deployed in December 2025 stood at 5.10 million, while the figure in January 2026 is close to 2.53 million at the time of writing.
Will AVAX price climb up?
While on-chain metrics show optimism toward the Avalanche network, the blockchain’s native coin, AVAX, hasn’t quite lived up to traders’ expectations over the past few weeks. Over the last week, AVAX is down 5.9%, trading at $12.79 at press time.
In an X post, crypto analyst BullishBanter stated that there is a “clear shift” in AVAX’s bearish structure after the recent price drop. They added that the coin’s price filled the “fair value gap” (FVG) and is currently hovering below the support level, showing weak bounces.
To explain, FVG in technical analysis is a price imbalance that forms when the market moves sharply, leaving almost no trading in a certain price range. Traders usually expect the price to revisit this gap later to “rebalance” liquidity before continuing its trend.
To conclude, BullishBanter remarked that any AVAX price rally should be considered a pullback and not a trend reversal. That said, there’s rising institutional interest in the digital asset, evident from digital asset manager Bitwise’s recent application seeking AVAX ETF approval.
