Overview

• As of July 27, AVAX was trading near $24 within its long-standing $15–$27 range ahead of a decisive breakout test.
• Q2 transaction volumes on Avalanche surged by about 170%, and daily active addresses climbed over 210% off the back of the Octane upgrade.
• The Octane upgrade’s dynamic fee mechanism reduced average transaction costs by 42.7%, enhancing network throughput.
• DeFi total value locked on Avalanche rose 37.1% to $1.5 billion in Q2, signaling increasing capital inflows.
• Analysts say that breaking above $27 could drive AVAX toward $36–$37, whereas a drop below $23 may lead to a retreat to $15.