This week’s market trends reflect surging on-chain activity, protocol upgrades, and sharp performance among select assets. On-chain metrics and ecosystem health remain front and center, guiding investor interest and sentiment. Below are the highlights from four notable digital assets.
Avalanche (AVAX): On‑Chain Boom with 1M+ Daily Transactions
Avalanche trades at $16.89, up 2.22% in the last 24 hours but down 13.5% week‑to‑date. The network recently hit a milestone of over 1 million daily transactions, driven largely by a minting frenzy around ERC-404 tokens . This surge marks a record-setting moment for on-chain activity, reinforcing Avalanche’s scaling narrative. Network upgrades like Avalanche9000 have slashed fees by over 90%, further fueling activity. This robust engagement demonstrates Avalanche’s modular infrastructure and capacity for mass user interaction. Sustaining this activity could attract more developers and reimagine AVAX’s valuation narrative.
Aave (AAVE): Governance & Airdrop Plans at Critical Inflection
Aave currently trades at $231.86, up 1.16% in the last day and -19.2% on the week. Technical analysis suggests AAVE is testing critical support levels, potentially determining its next direction. Meanwhile, the launch of V4 upgrades and the Kraken-backed INK Foundation’s planned liquidity airdrop are gathering community attention. Enthusiasts believe that a successful governance refresh combined with stablecoin expansion could trigger a bull-turn reversal.
Hyperliquid (HYPE): High Leverage DEX Shows Risk & Reward
Hyperliquid is trading at $35.62, gaining 5.6% over 24 hours but down 20.4% week-to-date. The platform is gaining attention for offering up to 1,000× leverage on its DEX, which has resulted in both inflated volume and risk. Backing from Lion Group’s treasury signals confidence among institution-level players. The ecosystem boasts diverse products from high-frequency derivatives to stock-index futures, making it one of the most active DeFi chains. However, with great leverage comes volatility and liquidation risk. A stabilization in margin activity or strong liquidity inflows may underpin the next leg up.
Solana (SOL): Scaling Ahead Despite Weak Price Action
Solana trades at $134.18, showing a modest -0.18% dip over the past day and a -14.5% weekly correction. Momentum stems from news of network extensions and scaling-focused upgrades, which promise to relieve congestion and boost throughput. Technical chart watchers note that SOL is recovering after a breakout above key resistance, potentially beginning a new rally phase. Analyst sentiment is cautiously optimistic, noting that if adoption rebounds, SOL could target its next threshold near $150. That said, macro headwinds and sector rotation remain factors to monitor.
