Avalanche Sees Explosive Growth with 707K New Addresses Added in Q2

Avalanche's C-Chain experienced significant growth in Q2 2026, onboarding 707,000 new addresses. This represents a six-fold increase from Q1, driven by rising DeFi activity and subnet expansion.

The network's total value locked nearly doubled to $2.1 billion, supported by 75 active subnets tailored for diverse applications.

Infrastructure upgrades and the introduction of a new spot AVAX ETF have also contributed to growth.