Avalanche Surpasses 1.6 Billion Transactions Amid AVAX Decline

The Avalanche blockchain surpassed 1.6 billion transactions since the launch of its mainnet in September 2020. This is according to data from the analytics platform Chainspect, reported by AMBCrypto on November 9, 2026. This milestone coincided with a decline in the value of the native token AVAX, which fell from approximately $12 to $8 over the previous week.

At the time of publication by AMBCrypto, the market capitalization of AVAX was around $3.64 billion. However, the accumulated transaction volume reflects activity over the entire existence of the network and does not imply that the number of transfers continues to grow in the short term.

How Avalanche Network Activity Has Changed

According to a quarterly study by Blockworks, 191.9 million transactions were processed in the C-Chain, Avalanche's main network for smart contracts, in the third quarter of 2026. This is 19% less than in the second quarter.

In September, the number of transactions decreased to 31.6 million from 91.2 million in July. Thus, overall C-Chain activity declined towards the end of the quarter, despite growth in certain areas of financial services.

AMBCrypto also reported a 30% increase in network fees over a day. However, the increase in fees alone does not prove blockchain congestion: for such an assessment, it is necessary to consider the number of transactions, gas costs, and available throughput.

What AVAX Trading Data Shows

According to CoinGlass data cited by AMBCrypto, there was a predominance of purchases in the AVAX spot and futures markets during the considered short-term period.

The cumulative trading volume delta (CVD) in the futures market was $2.39 million, while in the spot market it was about $462,000. This indicator reflects the difference between market buy and sell volumes, not the volume of invested capital.

A positive CVD may indicate a predominance of buyers in the selected interval, but it does not guarantee a recovery in quotes. At the time of publication, AVAX remained significantly below the level of the previous week.

Tokenized Assets and Payments Show Growth

Despite the decrease in the number of transactions in the C-Chain, certain financial services in Avalanche expanded their activities in the third quarter.

According to a Blockworks report, the value of real-world tokenized assets (RWA) in the C-Chain reached $1.22 billion. This includes tokenized government debt, which increased by 16% to $531.6 million. The value of BlackRock's BUIDL fund assets in the network grew by 21% to $486.5 million.

On the decentralized exchange Pharaoh, trading turnover doubled over the quarter, reaching $5.33 billion. However, the total turnover of all DEXs in the C-Chain, on the contrary, decreased by 20% to $6.64 billion. Thus, the growth of a single platform does not reflect the dynamics of the entire decentralized trading market in Avalanche.

Other areas showed positive dynamics. The volume of purchases of tokenized stocks and exchange-traded funds through Dinari increased by 34% to $9 million. Expenses on payment cards associated with Avalanche applications increased by 74% to $10.05 million.

These results indicate the expansion of certain financial services in the ecosystem, but do not yet allow conclusions about the recovery of overall network activity or the value of AVAX.