reporter
Posted on:
- Avalanche ends 2023 with ATH in validators and monthly active users.
- AVAX maintained its $40 price range despite the fluctuations.
Avalanche (AVAX) recently achieved record numbers in the number of monthly active users and validators on its network. in post As of December 26, the network reported that the number of validators had reached approximately 1,708.
This is an all-time record on the network.
As of this writing, Explorer shows approximately 1,704 validators. This is a slight decrease from the all-time high (ATH), but is still among the network’s highest numbers.
The Avalanche ends the year with another month of record growth 📈
✅ Number of ATH validators
✅ ATH monthly active usersCheck out more stats at https://t.co/S2OukIMIW7. pic.twitter.com/nTHBqW5ZWu
— Avalanche 🔺 (@avax) December 26, 2023
The post also highlighted that December saw the highest number of monthly active users in the network’s history. According to the chart, there were over 1.3 million monthly active users.
Active Address Analysis in Avalanche
Our analysis shows a positive trend in the Avalanche’s active addresses in December. According to the chart, the network recorded its highest number of daily active addresses in nearly six months in December.
By December 20, the number had risen to nearly 250,000, but the number has since declined. At the time of this writing, the number of active addresses was approximately 144,000.
In particular, June 25th saw the highest number of daily active addresses for the entire year, with over 1 million addresses.
Avalanche continues to show high development activity
Another indicator of a positive trend despite the fluctuations was the Avalanche’s development activity. AMBCrypto’s analysis via Santiment shows that development activity has increased from around 60 to over 100 since around July.
This chart rose on December 26th to surpass 211. It has since declined, but development activity remains above 120 as of this writing.
Source: Santiment
AVAX: Price Trend Tracking
AMBCrypto’s daily timeframe chart analysis shows a positive trend for AVAX in December. From December 1st to press time, AVAX’s value more than doubled.
How much is 1,10,100 AVAX worth today?
Despite the significant decline, AVAX maintained its $40 price range. Additionally, the price trend remained above the short-term moving average (yellow line), while the yellow line remained above the long-term moving average (blue line).
At the time of writing, AVAX is trading at around $43, down slightly by over 2%.
