Avalanche hasn’t sparked much discussion in the Chinese-speaking world for a while. But while domestic users are gradually overlooking it, this chain is still pretty popular among young people in the U.S. In January this year, Galaxy Digital chose Avalanche to issue $75 million worth of tokenized CLOs. On-chain activity saw a significant rebound, hitting a peak of 1.71 million daily active addresses on January 18. However, the recovery in fundamentals didn’t immediately boost market sentiment. AVAX was still under pressure in January 2026, with its price dropping to its lowest point since November 2023.