{"id":91446,"date":"2025-08-26T15:55:18","date_gmt":"2025-08-26T15:55:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91446"},"modified":"2025-08-26T15:55:18","modified_gmt":"2025-08-26T15:55:18","slug":"avalanche-logs-10-9m-transactions-as-grayscale-pushes-for-spot-avax-trust","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91446","title":{"rendered":"Avalanche Logs 10.9M Transactions as Grayscale Pushes for Spot AVAX Trust"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Avalanche processes 10.9M weekly transactions, DEX volume tops $3B, and price trades near $23 today still.
\nGrayscale files S-1 for spot AVAX trust; Coinbase Custody and Coinbase serve roles as partners.
\nCLS identifies $19\u2013$20 FVG interest zone; targets $27, $28, $31, $34 if momentum holds weekly.<\/p>\n

Network Activity Climbs<\/h2>\n

Avalanche (AVAX) processed 10.9 million transactions over the past week, the highest reading since December 2023. Activity held near 2\u20134 million for months before rising sharply from mid-2025 as more apps went live.<\/p>\n

$AVAX<\/a> showing 10.9M weekly txns (highest since Dec \u201923), $3B+ DEX volume holding strong, and TVL close to $4B after 3 years.<\/p>\n

Growth is coming from partnerships, RWA tokenization, and gaming.<\/p>\n

With gaming market expected to hit ~$615B by 2030, I feel $AVAX<\/a> still has big upside.\u2026 pic.twitter.com\/p1G9qhilsO<\/a><\/p>\n

\u2014 Joe Swanson (@Joe_Swanson057) August 26, 2025<\/a><\/p>\n\n

Weekly DEX volume stayed above $3 billion, with trading trending higher since early June 2025. Liquidity across swaps and lending has deepened. Analyst Joe Swanson wrote,<\/p>\n

\u201c$AVAX showing 10.9M weekly txns (highest since Dec \u201923), $3B+ DEX volume holding strong.\u201d<\/p>\n

The price of Avalanche<\/a> was $23 at the time of writing, with a 24-hour volume of over $711 million. AVAX is down 3% on the day and up 1% over seven days. The move tracks broader crypto softness while on-chain activity stays firm.<\/p>\n

Avalanche\u2019s TVL is $2.0B (Aug 26, 2025) per Artemis. The trend shows a steady climb through 2024 and faster growth in 2025, reaching near 1-year highs, but nowhere near prior cycle records.<\/p>\n

<\/a>Source: Artemis<\/a><\/p>\n

Weekly Setup and Targets<\/h2>\n

CLS Global reports early signs of a bullish weekly structure. The team marks a 1-week Fair Value Gap (FVG) at $19\u2013$20 as its interest zone for bids. The price trades above that area, keeping the setup constructive on their timeframe.<\/p>\n

$AVAX<\/a>\/USDT Global Outlook<\/p>\n

AVAX showing signs of potential bullish rally on weekly timeframe.<\/p>\n

Key Points:
\n\u2013 Upward structure forming on weekly
\n\u2013 FVG 1W ($19.173 \u2013 $20.382) serving as interest zone
\n\u2013 Potential upside exceeds 70%<\/p>\n

Targets: \u2192 $27.415 (weekly high) \u2192 $28.763 \u2192\u2026 pic.twitter.com\/pUc1AtUJrv<\/a><\/p>\n

\u2014 CLS GLOBAL (@CoinLiquidity) August 26, 2025<\/a><\/p>\n\n

CLS maps upside potential above 70% from the FVG, with targets at $27 (weekly high), $28, $31, and $34. A dip into the FVG could precede continuation<\/a>. CLS wrote,<\/p>\n

\u201cAVAX showing signs of potential bullish rally on weekly timeframe.\u201d<\/p>\n

Grayscale Files for Avalanche Trust<\/h2>\n

Grayscale Investments filed<\/a> an S-1 with the US SEC to launch the Grayscale Avalanche Trust (AVAX). The trust seeks to track AVAX\u2019s price, with Coinbase Custody as custodian and Coinbase, Inc. as prime broker.<\/p>\n

Grayscale aims to list the product on Nasdaq, pending approval. Market participants are weighing how a listed vehicle could broaden access. Swanson linked growth to \u201cpartnerships, RWA tokenization, and gaming,\u201d noting a gaming market forecast of nearly $615B by 2030.<\/p>\n

The post Avalanche Logs 10.9M Transactions as Grayscale Pushes for Spot AVAX Trust<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Avalanche processes 10.9M weekly transactions, DEX volume tops $3B, and price trades near $23 today still. Grayscale files S-1 for spot AVAX trust; Coinbase Custody and Coinbase serve roles as partners. CLS identifies $19\u2013$20 FVG interest zone; targets $27, $28, $31, $34 if momentum holds weekly. Network Activity Climbs Avalanche (AVAX) processed 10.9 million […]<\/p>\n","protected":false},"author":0,"featured_media":91447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91446"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91446"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91447"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}