Avalanche has seen a surge in activity, hitting an all-time high for active addresses. The network’s user base reached 1.95 million, a significant jump following consistent growth throughout May. This recent wave of activity is fueled by several factors: expanding DeFi applications and increased institutional investment into crypto assets. 2023’s resurgence in the blockchain gaming sector has also played a role. The launch of MapleStory Universe, a web3 version of Nexon’s popular RPG franchise, has seen a massive surge in transactions, contributing to the network demand increase. This momentum is expected to boost AVAX price as institutional backing and increased blockchain game adoption drive up demand for staking and gas.