AVAX Price Forms a Megaphone Pattern Ahead of Avalanche’s Granite Upgrade
Avalanche is gearing up for its much-anticipated Granite upgrade, even as AVAX’s price experiences a sharp decline despite several strong bullish fundamentals.
The network has emerged as one of the fastest-growing layer-1 blockchains, with monthly active addresses surpassing 75 million over the last five months. Additionally, Avalanche continues to burn thousands of AVAX tokens every month by destroying all transaction fees — a deflationary mechanism that steadily reduces the circulating supply.
On the partnerships front, Avalanche has secured notable collaborations with global names such as Toyota, Skybridge (founded by Anthony Scaramucci), and FIFA. The blockchain is also playing a key role in Wyoming State’s stablecoin initiative, further strengthening its position in the Web3 ecosystem.
