Avalanche Network Surpasses 1.95 Million Active Addresses in May
Avalanche (AVAX) shows renewed bullish momentum, driven by two main catalysts: the launch of MapleStory Universe and BlackRock's financial products.
- Active addresses on Avalanche surpassed 1.95 million in May, reaching an all-time high.
- The total number of Avalanche addresses is now 13.5 million.
- MapleStory Universe, launched on May 15, allows users to earn real assets through NFTs and decentralized applications.
- NFT transactions on Avalanche approached 2 million for the first time since May 2023.
- BlackRock’s sBUIDL can now be used as collateral on the Euler DeFi protocol, enhancing institutional interest and liquidity on the network.
- Current price of AVAX is $22.95, with a market cap of $9.65 billion; analysts anticipate a potential rebound to the $30 level.