Avalanche (AVAX) recently reached record numbers in its network’s monthly active users and validator count. The network revealed in a post dated December 26 that the number of validators had reached around 1,708. At the time the article was written, there were approximately 1,704 validators. This figure is slightly down from the all-time high (ATH) but still ranks among the highest numbers for the network.
Active Addresses on AVAX
The post also highlighted that December saw the highest number of monthly active users in the network’s history. According to the data, the number of monthly active users was over 1.3 million. An analysis showed a positive trend in active addresses on Avalanche during December. The chart indicated that the network experienced the highest number of daily active addresses in about six months during December.
The number rose to nearly 250,000 on December 20th, but has since decreased. At the time of writing, the number of active addresses was around 144,000. The highest daily number of active addresses throughout the year was recorded on June 25th, with over 1 million addresses. Despite the volatility, another metric showing a positive trend was Avalanche’s development activity. An analysis through Santiment showed that development activity rose from around 60 to over 100 since around July.
Price Prediction for AVAX
The chart showed an uptick on December 26th, rising above 211. Although there was a subsequent decline, development activity remained above 120 when the article was written. The analysis related to the daily timeline chart showed a positive trend for AVAX in December. Between December 1st and the time of press, AVAX’s value more than doubled. Despite significant drops, AVAX continued to maintain a price range around $40. Additionally, the price trend remained above the short-term average, while the yellow line stayed above the long moving average. At the time of writing, AVAX was showing a slight decline of over 2%, trading around $43.
