AVAX jumps 40% in TVL: Will traders drive the next leg up?

Key Points

1. AVAX's DeFi TVL surged nearly 40% following the Octane upgrade, with Open Interest rising over 15% to $835.44 million, indicating increased speculative interest.

2. Price hovers around $26–$28, with potential for a breakout if buying pressure continues, but a rejection could trigger a pullback.

3. Social dominance dropped to 0.419% despite improved sentiment (+0.115), suggesting retail interest hasn't fully caught up with the price rally.

4. Active addresses fell over 10% in the last seven days, contrasting with rising price and TVL, indicating potential sustainability concerns.

5. AVAX's technical and fundamental strength is evident, but declining network activity may challenge long-term momentum.