AVAX surged 16% over the past week, becoming the fastest-growing top-10 ecosystem
Avalanche’s DeFi TVL rebounded to $1.63 billion after a three-month decline
VanEck filed for an Avalanche ETF with the SEC, boosting institutional interest
Price currently trading around $20, with analysts eyeing a potential move toward $30 resistance
Avalanche’s smart contract capabilities and scalability are attracting attention for financial system modernization
Avalanche (AVAX) has emerged as a standout performer in the crypto market, posting a sharp 16% gain over the past week to become the fastest-growing top-10 ecosystem this month. The token is currently trading around $20, recovering from March lows near $16.
This strong performance comes as VanEck filed a 19b-4 form with the U.S. Securities and Exchange Commission, signaling its intent to launch an Avalanche ETF. This makes VanEck the second asset manager to pursue such a product.
The filing follows an earlier S-1 registration submitted in March. Bloomberg analyst James Seyffart confirmed that Nasdaq would host the ETF upon approval.
This development has sparked renewed interest in AVAX, with trading volume surging by 24.83% to $339.52 million in the last 24 hours.
The price movement is particularly impressive considering Avalanche had been experiencing a continued slide in Total Value Locked (TVL), which fell from over $1.5 billion to around $1.1 billion since the start of 2025.
Avalanche’s TVL has shown a clear rebound in April, climbing back above $1.2 billion after a persistent downtrend since early January.
The recovery points to renewed confidence in the network, with Avalanche achieving a 14.4% increase in DeFi TVL over the past month—the highest growth among the top 10 ecosystems.
While Ethereum (ETH), Arbitrum (ARB), and Base experienced monthly declines, and Solana (SOL) and BSC saw only modest gains, Avalanche displayed a distinct upward trend.
Its DeFi TVL now stands at $1.63 billion, supported by over 430 protocols.
This growth reflects heightened developer activity and renewed user interest in the network, positioning Avalanche as a standout performer in early Q2 2025.
Technical Analysis Points to $30 Target
At the current price of around $20, AVAX appears to be breaking out of its short-term downtrend.
Technically, the $30 level remains a key psychological and structural resistance – last tested in early February 2025 and again during multiple rejections in mid-2024.
For a decisive move toward the $30 mark, bulls must clear the resistance zone between $24 and $26.
Crypto expert Miya has expressed strong confidence in Avalanche, signaling a bullish outlook for its future performance. With current market momentum, she sees a clear path for AVAX to reach the $30 mark.
According to her, this phase presents an ideal accumulation opportunity for investors, especially before any major breakout. The optimism stems from growing strength in AVAX’s trend, supported by solid technical indicators and renewed interest in Layer 1 projects.
If momentum holds and AVAX firmly reclaims the $26 level, a push toward $30 becomes achievable. However, a period of short-term consolidation is likely before any potential breakout occurs.
Smart Contract Innovation Drives Value
The Avalanche blockchain has been gaining momentum as an innovation aimed at modernizing traditional financial systems.
Avalanche is known for its scalability and efficiency, offering real-time finality that could upgrade existing RTGS systems such as SWIFT and Fedwire.
With EVM compatibility, financial institutions can deploy Ethereum-based smart contracts to enable tokenization and on-chain derivatives that replicate ETF performance.
These features make Avalanche attractive for institutions looking to capitalize on the evolving regulatory environment in the United States by launching new revenue streams.
The decentralization with high throughput means the platform can improve funding markets, repo settlements, and liquidity management with greater speed and transparency.
As the Avalanche blockchain continues to integrate with the financial sector, it is positioning itself as a potential leader in blockchain innovation.
Looking ahead, Changelly predicts AVAX to trade between $16.33 and $20.47 in April 2025, with an average price of $18.40. More comprehensive projections for the full calendar year see the token’s average price at $20.94.
These forecasts, though cautious, align with Avalanche’s recent trend, especially if bullish drivers such as ETF approval materialize. Institutional demand, strong fundamentals, and accelerating adoption could continue driving AVAX’s rise through the rest of the year.
With a market capitalization of around $7.5 billion, AVAX currently stands at number 13 worldwide based on market capitalization, reinforcing its position in the digital assets arena.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
(@Flowslikeosmo) April 12, 2025
