Avalanche network activity has reached a historic peak as active addresses on its C-Chain surpassed 600,000. The milestone, recorded on February 12, 2026, coincides with AVAX trading near $8.81 with increased volume. While a crypto analyst pointed to new DeFi projects and user influx for the network growth, technical analysis suggests the token’s broader price trend remains under bearish pressure.
The Avalanche network achieved record adoption on February 12, 2026, as active addresses on its C-Chain exceeded 600,000. Analyst CW attributed this surge to new DeFi project launches, viral adoption events, and a significant influx of new users.
This growth represents the most dramatic spike in the network’s history. Historical data shows periods of steady growth, stagnation, and sudden spikes since 2021.
Avalanche’s AVAX token was trading at $8.81 at the time of the report, a 2.29% increase over 24 hours. Its 24-hour trading volume was approximately $277 million.
In a separate analysis, crypto analyst GainMuse noted AVAX was breaking out of a tight consolidation on its chart. The analyst stated, “The broader trend remains bearish, defined by a descending trendline connecting successive lower highs.”
The token recently bounced from a support zone between $8.5 and $8.7. Analysts anticipate a potential upward move toward $9.0 to $9.3, though this rally may be temporary.
Should AVAX fail to breach resistance, a retrace toward $8.0 or lower is possible. Investors are monitoring the network’s fundamental growth alongside these technical signals for market direction.
