- Daily Avalanche transactions increased from 300K to 6.2 million per year.
- AVAX’s opening of $23.3 million could create short-term value.
- AVAX needs support at $6.32 to stay alive.
The Avalanche enter a difficult week with two different forces that make up the appearance of AVAX.
On the other hand, internet services have increased significantly in the past year, reflecting the natural usage across the universe.
On the other hand, the market is preparing for the opening of the indicator which is about $ 23.3 million on July 21, an event that may affect the short-term activity while traders are evaluating whether the additional information will trigger a new sale.
At the time of writing, AVAX was trading at $6.58, up 2.1% over the past 24 hours.
While the recent gains indicate buying interest, the token remains below its high-profile benchmark, raising questions about whether the network’s demand controls can keep prices firm.
The Avalanche network performance exceeds the cost performance
Avalanche has recorded one of its strongest periods of chain growth in recent months.
Daily transactions have grown significantly over the past year, rising from about 300,000 transactions per day in the second quarter of 2025 to a peak of 6.2 million transactions per day in July 2026.
Although activity later stabilized from that peak, the network was still active at about 2.62 million daily activities, a level still significantly higher than a year ago.
These figures show that user activity has continued despite the significant weakness in the cryptocurrency market.
The increase in network usage has also been accompanied by the continued burning of tokens.
About 135.65 AVAX was recently removed from circulation via the Avalanche coin burning process, showing that chain operations have remained active even during price consolidation.
The abundance of natural resources also improves.
Stablecoin values on Avalanche have grown significantly in recent months, at one level exceeding $2 billion, reflecting the huge capital flowing through blockchain-based applications built on the Internet.
Despite this, AVAX has struggled to establish a consistent recovery.
The difference between blockchain’s powerful functions and cost reduction has been one of the most important topics surrounding Avalanche in recent months.
The FIFA agreement is adding another long-term event
The Avalanche has also strengthened its position through the largest sports network in the world.
FIFA chose Avalanche as the blockchain foundation that powers its dedicated Layer-1 FIFA Collect network, bringing blockchain technology to a platform connected to millions of soccer fans around the world.
This period was very popular to see the FIFA World Cup and one of the biggest sports in the world.
The just-concluded 2026 FIFA World Cup added exposure to blockchain-powered digital collections and sporting events.
Ticket price hikes linked to flexible fare types and travel restrictions affecting some international carriers attracted a lot of attention.
Opening indicators set price levels for a short period of time
A quick event to attract the attention of traders is open the sign for July 21which will release approximately $23.3 million worth of AVAX in the market.
Although the opening represents only about 0.7% of the existing sales volume, such events often receive a lot of attention because they can increase sales in the short term if the recipients decide to make a profit.
From a technical point of view, AVAX is approaching the key level of $6.62, which corresponds to the 38.2% Fibonacci retracement.
A definite move above that level could move interest to the next target around $6.80.
Below that, $6.32 remains a supportive area. The price has been able to hold the top of this area so far, but a break from the bottom could create a chance to return to the recent highs near $5.85.
Trading volume around the token launch should be one of the main factors that traders focus on when additional tokens enter the market.
