Avalanche C-Chain recorded approximately 2.3 million transactions in the seven days covered by a November 9, 2026 BlockBeats report, up about 13% from the preceding week. That increase did not coincide with stronger decentralized-exchange activity: DEX trading volume and on-chain fees both fell over the same period.
The figures accompanied news of a planned infrastructure role for Avalanche in tokenized securities clearing.
Reported role in clearing infrastructure
Citing an official announcement, BlockBeats reported that Avalanche would become the core ledger technology provider for the clearing operations of a tokenized securities platform associated with the New York Stock Exchange. Avalanche would supply underlying ledger infrastructure to the clearing organization behind the platform.
The report did not specify the implementation architecture or trust assumptions of that clearing arrangement.
Following the announcement, AVAX briefly rose as much as 6.4%. It was quoted at $8.52 at the time of the report; that figure is a historical price, not a current quote.
More transactions, lower trading volume and fees
The report’s seven-day figures distinguish transaction counts from trading volume and fee revenue:
| Metric | Reported level | Change from preceding week |
|---|---|---|
| Avalanche C-Chain transactions | Approximately 2.3 million | Up approximately 13% |
| Average daily C-Chain transactions | Approximately 329,000 | — |
| DEX trading volume | Approximately $471 million | Down approximately 18% |
| On-chain fees | Approximately $1.5 million | Down approximately 34% |
Transaction counts measure recorded activity, while DEX volume measures the dollar value traded. In this observation window, the higher transaction count did not translate into higher DEX volume or fees. The figures alone do not establish why those measures diverged.
DeFi balances showed a mixed picture
Avalanche’s DeFi total value locked, or TVL, stood at approximately $608 million, up about 14% over the week. BlockBeats attributed that increase mainly to growth in funds held by protocols including Aave V4.
The on-chain stablecoin balance was approximately $1.32 billion, which the report said remained below earlier levels.
Activity remained well below historical peaks
The weekly transaction increase and TVL growth left Avalanche far below the historical highs cited in the report:
| Metric | Historical peak cited | Level at the time of reporting |
|---|---|---|
| DeFi TVL | Approximately $11.5 billion in December 2021 | Approximately $608 million, or about 5% of the peak |
| Stablecoin balance | Approximately $4.7 billion in March 2022 | Approximately $1.32 billion, or about 28% of the peak |
| Seven-day DEX volume | Approximately $6.7 billion | Approximately $471 million, or about 7% of the peak |
| Seven-day C-Chain transactions | Approximately 41.8 million in December 2023 | Approximately 2.3 million |
These comparisons describe different measures of network activity and capital held on-chain. They do not, by themselves, establish the effect of the reported clearing-infrastructure role on Avalanche’s usage.
Original publication: November 9, 2026, at 21:24 (UTC+8). Read the original BlockBeats report.