Avalanche On-chain Activity Explodes—Yet AVAX Trades Like It’s Still 2021

Avalanche (AVAX), one of the leading layer-1 blockchain platforms, is drawing attention with its impressive monthly active wallet growth. However, despite the explosion in active addresses, AVAX’s price remains worryingly low. It has dropped over 60% since the end of 2024 and is now trading at 2021 levels. This raises an important question: Is Avalanche being undervalued by the market, or is this a sign of deeper challenges? Why is Avalanche’s On-chain Activity Soaring? According to data from Artemis, the number of daily active wallets on the Avalanche C-Chain recently surged past 100,000 source: https://beincrypto.com/on-chain-surges-but-avax-price-remains-stuck/