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The number of active addresses in Surprise Altcoin reached an all-time high this month!
According to Hashed's data dashboard, the Avalanche (AVAX) network reached an all-time high of 1.95 million active addresses in May.
One of the main reasons for this remarkable increase is cited as the launch of the popular blockchain-based game MapleStory Universe.
On the other hand, the tokenized short-term U.S. Treasury bond product sBUIDL developed by BlackRock, one of the world's largest asset managers, has started to be used as collateral in the Avalanche-based Euler protocol. This development indicates that the Avalanche ecosystem is also attracting interest in terms of institutional products.
Another important development for the Avalanche community is the Avalanche Summit event scheduled for Tuesday, May 20th. Significant announcements regarding the future of the network and new collaborations are expected to be made at the summit.
However, these developments do not seem to have significantly affected the AVAX price. AVAX has lost approximately 7% of its value over the past week. Nevertheless, it has gained a total of 20% over the last month.