Avalanche’s activity is witnessing an impressive surge with over 2 million addresses now engaged on the network. This uptick is largely attributed to collaborations with MapleStory N and Pixelmon, alongside innovative DeFi offerings such as SolvBTC.AVAX. Despite this robust growth in network interactions, the AVAX cryptocurrency is currently facing a downturn.

Avalanche Network Activity Surges

On-chain statistics reveal that Avalanche, a performance-oriented blockchain focusing on decentralized finance (DeFi), recently hit over 2 million daily active addresses, marking a historic high. This reflects a spike in community engagement that could potentially influence the price trajectory of AVAX and other promising cryptocurrencies.

MapleStory N and Pixelmon Deals

The increase in active addresses coincided with the launch of MapleStory N on Avalanche, allowing players to own and trade in-game assets secured on the blockchain. This release ignited a fivefold rise in network activity and established a record for NFTs on Avalanche, distributing over 1.7 million NFTs for free.

Avalanche Making Big DeFi Moves

Beyond gaming, significant advancements are being made in the DeFi sector with new collaborations. Securitize introduced the first DeFi integration of BUIDL on Avalanche, enabling users to lock their BUIDL assets for collateral in stablecoin transactions.

Despite these encouraging developments, AVAX continues to lag, currently trading around the $19 mark with resistance at $27. A breakout could pave the way for a rally towards $40.