Avalanche (AVAX), a leading Layer 1 blockchain, experienced a remarkable surge in May as the number of new daily addresses skyrocketed.
These notable on-chain changes came alongside positive news, including investment from VanEck and a new partnership with FIFA.
Avalanche Hits New High in Daily Active Addresses
According to Artemis data, the number of daily active addresses on Avalanche spiked sharply in May. The chart indicates that May 2025 has been the most active month for the network in the past three years. Avalanche reported that more than 2 million wallets interacted with the network on May 13.
“Avalanche just hit a new all-time high in daily active addresses. Over 2 million wallets interacted with the network on May 13—doubling activity in less than a week. Something big is building,” Avalanche announced.
Avalanche Daily Active Address. Source: Artemis
Artemis’ chart shows daily activity in May ranging from 50,000 to 400,000 addresses. Nearly 80% of these were new users. Meanwhile, returning users also became more active, rising by about 30% compared to the average of previous days.
This user growth came amid a wave of positive developments for Avalanche in May. For example, on May 13, VanEck partnered with Securitize to launch VBILL—a tokenized fund offering access to US Treasuries on four major blockchains. The asset is available on Avalanche, BNB Chain, Ethereum, and Solana.
VanEck also recently announced plans to launch the PurposeBuilt fund. This new fund will focus on real-world applications built on Avalanche.
“Avalanche has become a magnet for thoughtful builders. With the VanEck PurposeBuilt Fund, we’re bringing capital and conviction to the founders creating lasting value, not chasing momentum,” Pranav Kanade, Portfolio Manager of VanEck Digital Assets Alpha Fund, said.
Another significant event was FIFA’s decision to build its own Layer 1 blockchain on Avalanche. This new initiative, called FIFA Blockchain, aims to expand FIFA’s Web3 projects.
“FIFA’s selection of Avalanche technology represents a pivotal moment in the evolution of blockchain infrastructure. As one of the world’s most recognized organizations, FIFA’s move underscores Avalanche’s unique ability to support custom, high-performance networks at global scale,” Avalanche stated.
These developments have become strong drivers of Avalanche’s user growth this month. According to BeInCrypto, AVAX has risen over 15% since the start of the week and is currently trading above $24.
However, not everything is perfect for Avalanche. Data from DefiLlama shows that AVAX’s total value locked (TVL) stands at just $1.56 billion, an 86% drop from its all-time high.
Avalanche Total Value Locked. Source: DefiLlama
The data suggests that despite rising user activity and strategic partnerships, the network still struggles to attract retail investors.
This challenge may stem from intense competition in the blockchain space and the cautious sentiment among investors after years of crypto market volatility.
