Avalanche (AVAX) Defies Bear Market With Explosive On‑Chain Growth, Messari
A newly launched report from crypto market intelligence agency Messari presents an in depth take a look at Avalanche’s (AVAX) efficiency throughout the fourth quarter (This fall) of 2025, revealing a pointy distinction between weak worth motion and file‑breaking on‑chain exercise.
Metrics Climb Even As AVAX Suffers Steep This fall Decline
According to Messari, Avalanche’s native token, AVAX, skilled a steep decline throughout the ultimate quarter of the 12 months. The token fell 59.0% quarter‑over‑quarter (QoQ) and 65.5% 12 months‑over‑12 months (YoY), dropping from round $30.00 on the finish of Q3 in September to roughly $12.30 by the shut of This fall.
Avalanche’s circulating market capitalization mirrored that drop, falling 58.3% QoQ and 63.9% YoY from $12.7 billion to $5.3 billion. Yet, the decline in valuation additionally impacted Avalanche’s relative standing amongst digital belongings.
AVAX slipped from 14th to twenty first place in rankings by circulating market cap over the quarter. Despite this, Messari highlighted that community utilization continued to broaden, successfully breaking the standard hyperlink between token worth efficiency and community charges.
While whole charges measured in US {dollars} declined 11.7% QoQ, that drop was modest in contrast with the 59.0% fall in AVAX’s worth. In native phrases, charges paid on the community elevated meaningfully. Fees denominated in AVAX rose 24.9% QoQ, climbing from 105,719 AVAX to 132,016 AVAX.
Average day by day transactions on the C‑Chain jumped 63% to 2.1 million, whereas a wave of liquidations throughout the market crash on October 10, 2025, generated $520,715 in transaction charges. Messari famous that this was the best single‑day price whole recorded on Avalanche since February 2024.
Avalanche Sees Record Transaction And User Activity
Looking extra broadly, Avalanche’s ecosystem reached new exercise highs in This fall 2025. Aggregate utilization throughout the C‑Chain and all Avalanche Layer‑1 networks accelerated sharply.
Average daily transactions elevated 4.5% QoQ and surged 1,162.1% YoY to 38.2 million. At the identical time, common day by day lively addresses climbed 25.1% QoQ and a rare 16,360.3% YoY, reaching 24.7 million.
Activity on the C‑Chain alone reached historic ranges. Average day by day transactions rose 69.0% QoQ and 799.3% YoY, making This fall 2025 the busiest quarter on file for the chain.
Staking metrics, nonetheless, mirrored the strain from falling costs. The whole USD worth of staked AVAX declined 59.9% QoQ and 69.1% YoY to $2.3 billion, largely monitoring the token’s worth drop.
Rising DeFi Base And Major RWA Growth
Avalanche’s decentralized finance ecosystem additionally continued to evolve regardless of market headwinds. Messari reported that the DeFi Diversity Score, which measures what number of protocols account for 90% of whole worth locked, rose 5.9% QoQ and 63.6% YoY, rising from 17.0 to 18.0.
Total DeFi TVL throughout Avalanche L1s and the C‑Chain declined 41.9% QoQ and three.8% YoY, falling from $2.2 billion to $1.3 billion. At the identical time, the community’s stablecoin market cap grew modestly, rising 1.7% QoQ and 24.3% YoY to $1.8 billion.
As seen within the chart above, measured in AVAX reasonably than {dollars}, native DeFi TVL rose 34.5% QoQ to 97.5 million AVAX, whilst USD‑denominated TVL fell 44.9%. Messari defined that this divergence occurred as a result of AVAX’s worth declined quicker than the underlying worth held inside DeFi protocols.
One of the strongest areas of progress for Avalanche in This fall was real‑world assets (RWAs). RWA TVL jumped 68.6% QoQ and 949.3% YoY, rising from $789.8 million on the finish of Q3 to $1.33 billion by the shut of This fall 2025.
Featured picture from OpenArt, chart from TradingView.com