Avalanche price surges as active wallet count rises 80%

• Avalanche (AVAX) price rose 9% to above $18 as markets bounced on easing geopolitical tensions.
• The AVAX price spike came amid a significant increase in on-chain activity, including active addresses and transactions.
• Crypto was up as Israel and Iran agreed to a ceasefire, which could see AVAX break to $30 or higher in coming weeks.

Avalanche (AVAX) price experienced a notable price surge on Tuesday morning as cryptocurrencies gained on easing geopolitical tensions.

The AVAX token surged to highs of $18.40, with a 9% increase in the last 24 hours also coming amid a significant spike in on-chain activity.

Avalanche traded as one of the top gainers during Asian hours, mirroring gains for Bitcoin, Ethereum and Solana .

Most cryptocurrencies are back at key levels after the US announced both Israel and Iran had agreed to a ceasefire to end the “12-day war.”

Avalanche on-chain activity spikes

The Avalanche network is buzzing with unprecedented on-chain activity.

Indeed, Avalanche has looked bullish since late May when Bergen County in New Jersey announced its plans to tokenize $240 billion in property deeds on the Avalanche blockchain.

The mega 5-year project seeks to digitize over 370,000 property deeds using blockchain technology across the county.

As highlighted by Nansen, a leading blockchain analytics platform, “something is brewing” for AVAX. The surge in active addresses and transactions over the past 24 hours suggests so.

The Avalanche Foundation also shared the chart below showing transaction growth over the past year.

Avalanche transactions over the last year 🔺

Network activity is surging, with C-Chain hitting all-time highs. pic.twitter.com/LNnrU9bMol

— Avalanche🔺 (@avax) June 22, 2025

In the past 24 hours, the network processed over 1.13 million transactions, a testament to its growing utility and adoption.

Active addresses have skyrocketed by 80%, reaching 194.8K, reflecting a significant influx of new and returning users.

Major platforms such as OpenSea, Tether, and Bybit are driving this surge, with increased activity in NFT trading and stablecoin transactions.

The recent Avalanche9000 upgrade, implemented earlier this year, has bolstered the network’s scalability and transaction efficiency, likely contributing to this spike.

Avalanche activity is spiking 📈

– 194.8K active addresses in the past 24h (+80%)
– Over 1.13M transactions
– OpenSea, Tether, and Bybit lead usage

Something’s brewing on @avax 👀 pic.twitter.com/Nr2Yo08Fqf

— Nansen 🧭 (@nansen_ai) June 24, 2025

This heightened engagement suggests that developers and users are leveraging Avalanche’s high-performance infrastructure, positioning it as a competitive player in the blockchain space.

AVAX price prediction

The 4-hour chart suggests a technical picture where Avalanche’s price trajectory looks largely on the upside.

After bouncing off recent lows of $15.70, the altcoin looks likely to continue higher along a rising trendline.

The moving average convergence divergence indicator paints a strong upward trend case for AVAX after a recent bullish crossover.

The relative strength index also gives buyers the upper hand, currently hovering at 63 and not overextended.

With room to explore, bulls may eye a breakout with next hurdles around $19.81 and $22.54.