The Avalanche blockchain has surpassed the milestone of 1 million daily transactions twice within a week, marking the first time the network has achieved such a feat since February 2024.
Avalanche's transaction volume broke this significant mark on June 1 and June 7. According to data from the blockchain analytics platform Nansen, the total transaction volume surged to 5.8 million in the week starting June 2, setting a new weekly transaction volume record since the peak at the beginning of 2024.
Avalanche stated on the X platform that this surge in activity is primarily attributed to MapleStory Universe. This project is a Web3 gaming ecosystem built on Avalanche, with its first game, MapleStory N, officially launched on May 15.
Before this horizontally scrolling online role-playing game landed on Avalanche, the blockchain rarely saw daily transaction volumes exceed 500,000 in 2025.
MapleStory was a cultural phenomenon among gamers in the 2000s and early 2010s. It played a significant role as a prototype metaverse platform for socializing, making friends, and even forming romantic relationships.
Its original Web3 version was one of the early representatives of virtual economies, in-game currencies, tradable items, and user-driven content—elements that blockchain technology is now trying to enhance. The game series still evokes deep nostalgia among millennials in South Korea and Southeast Asia.
The popularity of MapleStory Universe is also bolstered by the strength of its developer, Nexon. As a South Korean gaming giant listed in Tokyo, Nexon is also the 21st largest publicly traded company holding Bitcoin (BTC) globally, according to data compiled by BitcoinTreasuries.NET.
As of June 9, the company held 1,717 Bitcoins, which were acquired in April 2021 and have been retained ever since.
The release of MapleStory also introduced the developer's Nexpace Coin (NXPC) as the primary circulating currency within the MapleStory Universe ecosystem.
Despite a strong initial performance, NXPC has struggled to maintain its growth momentum. After briefly reaching an all-time high of $3.77 shortly after its launch, it has since fallen 64% to $1.34 as of the time of writing.
Since the end of 2024, Avalanche has continued to gain market recognition in the Web3 gaming sector. Its development momentum is driven by the shooting game Off The Grid, built on the GUNZ subnet, marking a strategic shift for the platform to attract mainstream gamers rather than just serving crypto-native users.
This market trend is also reflected in the performance of its native token, Avalanche (AVAX).
On May 14, the day before the release of MapleStory N, the trading price of AVAX briefly surged to $26. The price then retreated to $20, significantly lower than the annual high of $54 set in December of last year.
Related: Michael Saylor's Strategy Company doubles down on Bitcoin (BTC) investment through a $1 billion stock issuance.
Original article: “MapleStory Revitalizes Avalanche, Surpassing 1 Million Daily Transactions Twice in a Week”
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