Avalanche (AVAX), a leading first-layer blockchain, saw a remarkable rise in May as the number of new daily addresses surged significantly.
These notable changes in the chain came alongside positive news, including investment from VanEck and the new partnership with FIFA.
Avalanche reaches a new level in addresses
According to Artemis data, the number of daily active addresses on Avalanche surged significantly in May. The chart indicates that May 2025 was the busiest month for the network over the past three years. Avalanche reported that over 2 million wallets interacted with the network on May 13.
Avalanche announced that it achieved a new record number of daily active transaction addresses. Over two million wallets interacted with the network on May 13, doubling activity in less than a week. A significant development is currently in progress.
The Artemis chart shows daily activity in May ranging from 50,000 to 400,000 addresses. Nearly 80% of these were new users. At the same time, returning users also became more active, with their numbers increasing by about 30% compared to the average of previous days.
This growth in the number of users came amid a wave of positive developments that Avalanche experienced in May. For example, on May 13, VanEck partnered with Securitize to launch VBILL, a special fund that provides access to U.S. Treasury bonds across four major blockchains. The assets are available on Avalanche, BNB Chain, Ethereum, and Solana.
VanEck recently announced its plans to launch the PurposeBuilt fund. This new fund will focus on real-world applications built on Avalanche.
Avalanche has become a magnet for innovative developers. With the VanEck directed building fund, we provide capital and confidence to founders who are creating sustainable value, not just chasing momentum, stated Pranav Kanade, Portfolio Manager of the VanEck Alpha Digital Assets Fund.
Another significant event was FIFA's decision to build its own first-layer blockchain on Avalanche. This new initiative, called FIFA Blockchain, aims to expand FIFA's Web3 projects.
FIFA's choice of Avalanche technology represents a pivotal moment in the evolution of blockchain infrastructure. As one of the most renowned organizations in the world, FIFA's move underscores Avalanche's unique capability to support high-performance and dedicated networks on a global scale, according to Avalanche's statement.
These developments have served as strong drivers for the growth of Avalanche users this month. According to BeInCrypto, the price of AVAX has risen by more than 15% since the beginning of the week and is currently trading above $24. However, not everything is perfect for Avalanche.
DefiLlama data shows that the total value locked (TVL) for AVAX is only $1.56 billion, which is an 86% drop from its all-time high. The data indicates that despite an increase in user activity and strategic partnerships, the network is still struggling to attract individual investors.
This challenge may be due to fierce competition in the blockchain space and cautious sentiment among investors after years of volatility in the cryptocurrency market.