Avalanche (AVAX) DeFi TVL Rises Nearly 40% Following Octane Upgrade

Avalanche, a layer-1 blockchain platform, reported mixed financial metrics in the second quarter of 2025. The price of AVAX fell 4.2% quarter-over-quarter, dropping from $18.77 to $17.99, and its circulating market cap decreased by 2.6% to $7.6 billion. However, transaction fees surged by nearly 29% during the quarter, and revenue from transaction fees in USD rose slightly. The platform saw significant growth in daily transactions across its C-Chain and other layer-1s, with average daily transactions increasing by 169.91% to 10.1 million. Daily active addresses also surged by 210.45% to 519,954, suggesting a robust uptick in user engagement. The C-Chain saw impressive usage growth, with average daily transactions jumping 493.4% and daily active addresses increasing by 57%. Avalanche's total value locked in decentralized finance rose 37.1% to $1.5 billion, but the stablecoin market cap on Avalanche saw a significant decline of 23.8%. The rise in daily active addresses across Avalanche's layer-1 platforms was particularly noteworthy, surging by 444.8% quarter-over-quarter. Despite the mixed metrics, AVAX's price has recovered from Q2 lows, rising 35% in the past thirty days due to recent bullish sentiment in the cryptocurrency market.