According to data from Artemis, the number of daily active addresses on Avalanche drastically increased in May. The chart indicates that May 2025 has been the most active month for the network in the last three years. Avalanche reported that over 2 million wallets interacted with the network on May 13.
The Artemis chart shows daily activity in May ranging from 50,000 to 400,000 addresses. Almost 80% of these were new users. Meanwhile, returning users also became more active, increasing by about 30% compared to the average of previous days.
This user growth occurred 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 that offers access to U.S. Treasury bonds 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.
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.
AVAX has risen more than 15% since the beginning of the week and is currently trading at $25.25. However, not everything is perfect for Avalanche.
Data from DefiLlama shows that the total value locked (TVL) of AVAX stands at only $1.56 billion, an 86% drop from its all-time high. The data suggests that despite the increase in user activity and strategic partnerships, the network still struggles to attract retail investors.
