Avalanche Sees New User Growth Thanks to Investment from VanEck and Partnership with FIFA

Avalanche (AVAX), a leading Layer 1 blockchain, has seen significant growth in May with a surge in daily new addresses.

Notable changes on this chain were accompanied by positive news, including investment from VanEck and a new partnership with FIFA.

Avalanche Reaches New High in Daily Active Addresses

According to data from Artemis, the number of daily active addresses on Avalanche has increased strongly in May. The chart shows that May 2025 was the most active month for the network in three years. Avalanche reported that over 2 million wallets interacted with the network on May 13.

"Avalanche just reached a new ATH in daily active addresses. Over 2 million wallets interacted with the network on May 13—doubling activity in less than a week. Something big is being built," Avalanche announced.

Artemis' chart shows daily activity in May ranging from 50,000 to 400,000 addresses. Nearly 80% of these were new users. Meanwhile, returning users also became more active, increasing by about 30% compared to the previous average.

This user growth occurred against the backdrop of positive developments for Avalanche in May. For example, on May 13, VanEck partnered with Securitize to launch VBILL—a tokenized fund providing access to US Treasury Bonds on four major blockchains. This asset is available on Avalanche, BNB Chain, Ethereum, and Solana.

VanEck also recently announced plans to launch the PurposeBuilt Fund. This new fund will focus on real-world applications built on Avalanche.

"Avalanche has become a magnet for builder-minded individuals. With VanEck's PurposeBuilt Fund, we are bringing capital and confidence to founders creating sustainable, non-trend-chasing value," said Pranav Kanade, Portfolio Manager of VanEck Digital Assets Alpha Fund.

Another significant event was FIFA's decision to build its own Layer 1 blockchain on Avalanche. This new initiative, called FIFA Blockchain, aims to expand FIFA's Web3 projects.

"FIFA's choice of Avalanche technology represents a crucial moment in blockchain infrastructure development. As one of the most recognized organizations globally, FIFA's move emphasizes Avalanche's unique ability to support custom, high-performance networks at a global scale," Avalanche stated.

These developments have become a powerful driver for Avalanche's user growth this month. According to BeInCrypto, AVAX has increased by over 15% since the beginning of the week and is currently trading above $24.

However, not everything is perfect for Avalanche. Data from defillama shows that AVAX's TVL is only $1.56 billion, a 86% drop from its ATH.

The data suggests that despite increased user activity and strategic partnerships, the network still struggles to attract small-scale investors.

This challenge may stem from fierce competition in the blockchain space and investors' cautious sentiment following years of cryptocurrency market volatility.