Oh, What a Whirlwind! 🌪️
- Hold onto your hats, folks! Avalanche is churning out a whopping 10.9 million transactions a week, with DEX volume soaring past $3 billion! And guess what? The price is still hanging around $23 like a stubborn fly at a picnic.
- Grayscale has decided to throw its hat in the ring, filing an S-1 for a shiny new spot AVAX trust. And who’s helping them? None other than Coinbase Custody and Coinbase, the dynamic duo of the crypto world!
- CLS has spotted a tantalizing interest zone between $19 and $20. If the momentum keeps up, we might just see targets of $27, $28, $31, and $34. Talk about a rollercoaster ride! 🎢
Network Activity Goes Bonkers! 🤪
In a spectacular twist, Avalanche (AVAX) has processed a jaw-dropping 10.9 million transactions in the past week! That’s the highest since December 2023, mind you. For months, it was just plodding along at a mere 2-4 million, but then-BAM!-it shot up like a rocket from mid-2025 as more apps decided to join the party.
“$AVAX showing 10.9M weekly txns (highest since Dec ’23), $3B+ DEX volume holding strong, and TVL close to $4B after 3 years.”
– Joe Swanson (@Joe_Swanson057) August 26, 2025
And guess what? Weekly DEX volume is still above that magical $3 billion mark, with trading on the rise since early June 2025. Liquidity is deeper than a well in a fairy tale! Analyst Joe Swanson chimed in with:
“$AVAX showing 10.9M weekly txns (highest since Dec ’23), $3B+ DEX volume holding strong.”
As for the price of Avalanche, it’s lounging at $23, with a 24-hour volume of over $711 million. Sure, it’s down 3% today, but hey, it’s up 1% over the week! It’s like a seesaw in a playground-up and down, but still having fun!
Avalanche’s Total Value Locked (TVL) is sitting pretty at $2.0 billion (as of August 26, 2025). The trend is climbing like a cat up a tree, but it’s still nowhere near those wild records from previous cycles.
Weekly Setup and Targets: The Crystal Ball 🧙♂️
CLS Global is waving its magic wand and spotting early signs of a bullish weekly structure. They’ve marked a Fair Value Gap (FVG) at $19-$20 as the sweet spot for bids. The price is dancing above that area, keeping the setup as rosy as a cheeky little cherub!
“AVAX showing signs of potential bullish rally on weekly timeframe.”
Grayscale’s Grand Plans! 🎩
And now for the pièce de résistance! Grayscale Investments has filed an S-1 with the US SEC to launch the Grayscale Avalanche Trust (AVAX). This trust is on a mission to track AVAX’s price, with Coinbase Custody as the trusty sidekick and Coinbase, Inc. as the prime broker.
Grayscale is aiming to list this shiny new product on Nasdaq, pending approval, of course. Market participants are buzzing about how this could open the floodgates for more access. Swanson linked this growth to “partnerships, RWA tokenization, and gaming,” with the gaming market expected to hit a staggering $615 billion by 2030. Can you believe it? 🎮💸
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2025-08-26 19:09