Avalanche (AVAX) Defies Bear Market With Explosive On‑Chain Growth, Messari
A newly released report from crypto market intelligence firm Messari offers a detailed look at Avalanche’s (AVAX) performance during the fourth quarter (Q4) of 2025, revealing a sharp contrast between weak price action and record‑breaking on‑chain activity. As seen in the chart above, measured in AVAX rather than dollars, native DeFi TVL rose 34.5% QoQ to 97.5 million AVAX, even as USD‑denominated TVL fell 44.9%. Messari explained that this divergence occurred because AVAX’s price declined faster than the underlying value held within DeFi protocols. One of the strongest areas of growth for Avalanche in Q4 was real‑world assets (RWAs). RWA TVL jumped 68.6% QoQ and 949.3% YoY, rising from $789.8 million at the end of Q3 to $1.33 billion by the close of Q4 2025. Featured image from OpenArt, chart from TradingView.com About Author
