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Avalanche’s price has rebounded 160% from its lowest point on Friday as sentiment in the crypto market improved.
- Avalanche price has jumped by 160% from the year-to-date low.
- The $AVAX burn rate has continued to accelerate this year.
- Technical analysis points to more gains, potentially to $36.
$AVAX burn rate and transactions are soaring
Avalanche ($AVAX) token soared to a high of $22.70, much higher than this month’s low of $8.92. This rebound may continue amid the ongoing $AVAX token burns, transaction growth, and its growing market share.
Data show that the number of burned $AVAX tokens has surpassed 4.8 million, now worth over $108 million. Most importantly, the average daily burn rate has climbed to about 1,500 per day, up from roughly 500 earlier this year.
Over the past week, total $AVAX burned surpassed 4.8M, which is roughly $108M USD. In the grand scheme of things this may not sound like a lot, but the metric to focus on here is the rate of burn. At the beginning of the year @avax was averaging less than 500 $AVAX burned per… pic.twitter.com/9N3WoW9GY6
— Joey 🔺 (@joeycannoli9) October 13, 2025
The rising $AVAX token burn happened as the amount of fees generated to the network continued growing. Data compiled by TokenTerminal shows that the network’s fees rose by 107% in September to $1.5 million, up from $710,000 in August. Avalanche burns all the fees it generates.
Avalanche’s network has benefited from its growing adoption. For example, it has become a major player in the real-world asset tokenization industry. Its RWA industry has over $746 million in assets, including those from Janus Henderson, BlackRock, and Franklin Templeton.
Avalanche’s stablecoin supply has jumped to over $2.7 billion as the number of stablecoin holders jumped to over 3.48 million.
Also, it has become a major player in the non-fungible tokens industry, where its volume jumped by 484% in the last seven days to $16.6 million. It has now become the second-biggest player in the NFT industry after Ethereum.
Avalanche’s transactions have also been in a strong uptrend in the past few months. Its transactions jumped to over 50 million in October. According to Nansen, transactions rose by 15% in the last 30 days to 49.7 million.
Avalanche price technical analysis
The daily time frame chart shows that $AVAX has rebounded from a low of $8.9260 to $22.76. It formed a large hammer candlestick with a small body and a long lower shadow.
A hammer typically signals potential continuation after a sell-off. Bulls may target resistance at $26.52, the high from May and July.
A break above that level would point to further gains, potentially to $36, about 60% above the current level. A drop below the psychological $15 area would invalidate the bullish outlook.