Avalanche Transactions Double Reach 1.3M During AVAX Pullback
Avalanche (AVAX) price don commot from im high wey pass $25 go near $23.60 after say market enter big sell-off wey make Bitcoin (BTC) and Ethereum (ETH) fall back. Even tho e short term pressure, onchain data from Nansen show say Avalanche blockchain activity increase well well, because daily transactions jump from about 500,000 to pass 1.3 million inside two weeks. Total value locked (TVL) for Avalanche don still climb from April 2024 low, because stablecoin enter and DeFi demand dey grow. Real-world asset (RWA) tokenization for Avalanche dey grow: Scotland Bowmore don launch tokenized whisky bottles, while Grove don commit $250 million to RWAs onchain. Visa partnership for global stablecoin settlement still boost Avalanche ecosystem more. Strong onchain metrics and DeFi traction dey make AVAX outlook better, e mean say price fit reach high once market condition stabilize.
Bullish
Avalanche onchain metrics dey show say network dey strong despite say AVAX price don fall. Daily transactions don double reach 1.3 million and TVL dey rise because stablecoin flow and DeFi activity, e resemble past times wey strong usage con lead delayed price rally. High-profile RWA tokenization projects plus Visa stablecoin settlement deal still dey add fundamental support. Traders fit see network growth as leading indicator, mean say short-term wahala fit clear make AVAX buying pressure come back once market sentiment improve, so overall outlook na bullish.