Avalanche (AVA) Holders Anticipate a Bullish Window That Could Take Assets to Levels

Avalanche (AVA) holders expect a bull window that could take assets to levels not reached in months. The network records skyrocketing new users alongside an uptick in trading volume.

Avalanche has quietly recorded a new all-time high in active users as the network continues to reap the benefits of a broader decentralized finance (DeFi) increase and persistent institutional activity.

According to a recent Dune analysis, the chain achieved 1.95 million unique addresses after consistently reporting a surge in May. This kicks off another bullish trend for the cryptocurrency following a previous attempt in January due to a perceived broader altcoin rally. However, this wave is steered by institutional backing and frenzy in the blockchain gaming ecosystem.

The launch of MapleStory Universe, the web3 version of Nexon’s RPG franchise, has also boosted network demand, directly impacting the price action and the broader market narrative. The game achieved over 30 million transactions from 1 million wallets in its test phase, taking it above the average in the gaming tier.

The platform’s pivot to Avalanche is crucial for performance and scalability and will benefit AVAX holders on a broader scale. The recent activity spikes will also drive up demand for staking and gas, ultimately benefitting the ecosystem on a macroeconomic level.

While blockchain gaming suffered setbacks in Q1 2025 due to low DeFi activity, industry experts highlighted a smooth reversal this quarter. Similarly, on-chain data shows non-fungible token (NFT) transactions are nearing the 2 million mark for the first time in two years. This DeFi resurgence has also bolstered AVAX holders in the past weeks.

As of writing, AVAX price trades at $23.15, a 3.5% uptick in 24 hours, while money gains soared above 21%. Following recent network activity and a potential breakout, the bulls are now setting their sights on a retest of the $40 price if it beats the current resistance.

The short-term $27 resistance is a key breakout zone for the asset that could lead to a two-phase leap to $34 and $40. Some bulls pitched a parabolic rally to $50, which will rest on huge institutional adoption.

The Importance Of BlackRock

The bullish momentum is also being driven by institutional asset manager BlackRock, which has contributed immensely to the ecosystem.

The $9 trillion asset manager launched BUIDL, BlackRock’s tokenized US Dollar treasury fund on Avalanche. This allows users to lock up and trade SBUIDL tokens, expanding the ecosystem to wider users.

AVA Labs President John Wu lauded the growth in tokenization and BlackRock’s institutional fund. “The financial landscape is undergoing a vast transformation. As more institutions move towards tokenization, we see significant leaps towards transformative digital financial services such as BUIDL that address investor demand and bring to bear blockchain-enabled capabilities and differentiators,” Wu stated.