The Avalanche blockchain has entered an exciting phase with notable growth in user engagement, as evidenced by a surge of over 275% in daily transactions.

Recent Surge in Avalanche Transactions

Data highlighted by Sentora, a prominent player in the DeFi space, indicates that Avalanche’s transactions have spiked significantly since early May. The term “transactions” refers to the aggregate number of transfers processed within the network on a daily basis.

Graphical data from Sentora illustrates the transaction flow on Avalanche over the last twelve months.

As shown in the graph, Avalanche experienced consistent transaction levels throughout the previous year, with a notable uptick commencing in May. This increase, however, was temporary, leading to a return to lower activity levels by month-end. The current month of June has, however, witnessed another rebound, with both enthusiasm and transaction numbers skyrocketing to an average of 759,000 daily transactions.

This rising activity often signals a growing interest in the cryptocurrency, hinting at potential price shifts as more users engage with the ecosystem. Observers now await if Avalanche will likewise experience further price fluctuations due to this renewed momentum.

In related developments, Avalanche holds a distinguished position in Development Activity among Real World Assets (RWAs), according to analytics firm Santiment in a recent X post.

This Development Activity metric assesses the level of contributions made by developers to the project’s GitHub repository, encompassing various actions like commits and forks.

The following comparison outlines the Development Activity among select RWAs over the last month:

The data reveals Avalanche’s impressive 30-day Development Activity score of 191.07, placing it just behind Chainlink (LINK), which achieved a high of 449.2.

Current Avalanche Price Status

As of now, Avalanche is trading at approximately $22.4, reflecting a nearly 7% increase over the past week.