Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front

Avalanche price rose for two consecutive days as investors bought the recent dip, and weekly transactions jumped.

Avalanche avax-1.89%Avalanche token rose to $20.65 on Saturday, June 7, up by 12% from its lowest point this week. 

Third-party data shows that Avalanche’s network is doing well as it became the fastest-growing one in the industry this week. According to Nansen, Avalanche handled over 5.2 million transactions in the last seven days, a 112% increase from a week earlier. 

This increase happened as the number of active addresses jumped by 23% to 283,163. Avalanche’s fees jumped by 193% to almost $200,000. 

The same performance has happened in the last 30 days as the transaction count jumped by 326% and active addresses jumped by 312% to 2.05 million.