- Avalanche (AVAX) climbed about 9% to above $18 as markets reacted positively to easing geopolitical tensions.
- The AVAX rally coincided with a sharp rise in on-chain activity, including active addresses and transaction volume.
- Cryptocurrency markets gained after reports of a ceasefire between Israel and Iran, raising prospects that AVAX could test $30 or higher in the coming weeks.
Avalanche (AVAX) posted a notable upswing Tuesday morning as broader crypto markets advanced amid signs of reduced geopolitical risk. The token reached intraday highs near $18.40, representing roughly a 9% gain over 24 hours, while on-chain metrics also showed significant improvement.
During Asian trading hours, AVAX ranked among the top performers, alongside Bitcoin, Ethereum and Solana. The move followed announcements that both Israel and Iran had reportedly agreed to a ceasefire to end the recent 12-day conflict, which helped restore risk appetite across digital-asset markets.
Avalanche on-chain activity spikes
The Avalanche network has seen a notable surge in on-chain activity. Since late May the ecosystem has appeared increasingly active, supported in part by a large-scale initiative in Bergen County, New Jersey, which plans to tokenize approximately $240 billion in property deeds on Avalanche. That project seeks to digitize more than 370,000 property records over a five-year timeline and highlights growing real-world use cases for the protocol.
Blockchain analytics firm Nansen flagged the heightened activity, noting a sharp rise in active addresses and transactions over the last 24 hours. Avalanche’s own foundation has published charts showing steady transaction growth over the past year, underscoring a longer-term trend of rising network usage.
In the most recent 24-hour window, Avalanche processed over 1.13 million transactions, reflecting increased utility and adoption. Active addresses jumped roughly 80% to about 194.8K, indicating substantial new and returning user engagement. Major platforms including OpenSea, Tether and Bybit contributed materially to the uptick through higher NFT trading and stablecoin usage.
Network improvements such as the Avalanche9000 upgrade, rolled out earlier this year, have enhanced scalability and transaction efficiency. Those protocol-level gains likely supported the recent spike in activity by reducing congestion and lowering execution costs for users and developers.
This surge suggests developers and users are increasingly leveraging Avalanche’s high-performance infrastructure, positioning the chain as a competitive option among smart-contract platforms for decentralized finance, NFTs and tokenized real-world assets.
AVAX price outlook
Technically, the short-term chart favors buyers. After rebounding from recent lows near $15.70, AVAX appears to be advancing along a rising trendline on the four-hour timeframe. Momentum indicators support the bullish case: the MACD shows a recent bullish crossover, and the Relative Strength Index sits around 63, implying room to run before reaching overbought levels.
Key resistances to watch on any continued upside are roughly $19.81 and $22.54. If market sentiment remains constructive and on-chain growth persists, bulls could target higher levels in the weeks ahead. As always, traders should manage risk and consider that geopolitical developments and wider crypto market dynamics can quickly change price trajectories.