Avalanche is recording stronger stablecoin payment activity as Axiym’s payment volume on the network grew 4.4x over the past year. Axiym processed a record $529 million in Q3, bringing its lifetime payments on Avalanche above $2 billion.
Meanwhile, network revenue reached $97,348 over seven days, according to Chainspect. These developments highlight growing network activity as the AVAX price trades near $10.31, with traders watching whether the token can break above key resistance and confirm a potential bullish reversal.
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Axiym Records $529M in Quarterly Stablecoin Payments
According to Avalanche, Axiym’s stablecoin payment volume increased 4.4x over the past year. The payment provider recorded $529 million in Q3 volume, while cumulative payments on Avalanche exceeded $2 billion.
Source: Avalanche’s X Post
The figures highlight Avalanche’s growing role in business-oriented payment infrastructure. Stablecoins enable businesses to transfer dollar-linked value through blockchain networks, supporting payment settlement and other financial operations.
Axiym’s activity provides a measurable example of stablecoin payment usage on Avalanche. However, payment volume alone does not establish how much revenue the network captures or whether the growth will continue at the same pace.
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Avalanche Network Revenue Breaks Above $95K
Network revenue provides another indicator of Avalanche’s recent activity. According to Chainspect, the network generated $97,348 over seven days, crossing the $95,000 weekly threshold for the first time.
Source: Chainspect’s X Post
At the reported pace, weekly revenue would translate to approximately $5 million annually. This remains an annualized estimate rather than a guaranteed forecast, as transaction activity and fee generation can fluctuate.
Together, the payment statistics provided by Axiym and the revenues of Avalanche provide two ways to gauge network usage. The first one represents usage from a particular payment processor, whereas the second one shows revenue from the network.
However, increased adoption does not necessarily mean an instant increase in the price of AVAX. There are other factors that could affect AVAX price movement.
AVAX Double-Bottom Pattern Puts $11 in Focus
Based on the technical outlook provided by the crypto analyst Crypto With Gopal, the price of AVAX is at around $10.31. In the four-hour chart, the crypto analyst saw a possible double bottom pattern with sellers holding the $9.70-$9.90 support range.
A double bottom will indicate that there is a potential bullish reversal pattern at play whenever the price retraces to a similar lower level two times and then rises above the intervening resistance level.
For AVAX, the critical level to breach is $11.00. This will increase the chances of success for the setup, bringing the target of $12.50 to attention. On the other hand, a breakdown below the $9.70-$9.90 level will decrease the likelihood of this bullish setup.
Crypto With Gopal Identifies $12.50 Upside Target
Crypto With Gopal noted the double bottom pattern and noted that $11.00 is where buyers must take back control for the possibility of an advance towards $12.50.
Source: Crypto With Gopal’s X Post
The outlook is still contingent. Buyers will need to develop momentum above the resistance level, but it will be helpful for the structure under development if they defend support. The target is an analyst’s projection, not a certain one.
What Happens Next for the AVAX Price?
The coming milestone for Avalanche would be whether the stablecoin payments continue growing and whether the network revenue stays high. Additional information on what Axiym is doing would help confirm whether the payments are consistent.
The key points for the AVAX price are the $11.00 resistance level and the $9.70-$9.90 support range. Any breakout is expected to be positive for the case for recovery, whereas any breakdown should prove the opposite.
The positive growth in Avalanche payments is a good sign regarding adoption. However, it will still be important to see if the network activity is rising along with the technical confirmation of AVAX clearing the resistance range.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
