Avax Gurge in 2021: Extend Ethereum | Flash news details

On March 30, 2025, Milk Road Daily reported a major event in the market as it witnessed an alternative to layer 1 (L1), especially snow breakdown (AVAX), an enormous increase in 2021. This increase was so clear that it surpassed Etherum (ETHerum), which is a leading encrypted currency. According to CoinMarketCAP data, on March 29, 2021, the price of AVAX increased by 120 % within 24 hours, reaching a peak of $ 45.80, while the price of ETH increased by only 10 % to 2100 dollars during the same period (CoinMarketcap, 2021). Avax trading volume was reported on that day at $ 5.2 billion, and it is a blatant contrast with the size of ETAH of $ 28 billion (Coingecko, 2021). This event referred to a shift in the attention of the investor and capital towards the emerging Blockchains that promised a better ability to expand and low transaction fees (Milk Road Daily, 2025).

Trading effects of this event were great. After the boom, AVAX continued to see the interest increase, with a average moving size for 30 days from $ 1.5 billion to $ 3.8 billion by April 30, 2021 (TradingView, 2021). This increase in the trading volume was accompanied by a noticeable increase in the activity on the chain, with the growth of the number of active titles on the collapse network from 10,000 to 50,000 in the same time frame (Avalanche Explorer, 2021). The AVAX/BTC trading pair witnessed an increase in the size of 150 % from March 29 to April 30, 2021, while the AVAX/USDT pair witnessed a 200 % increase in the same period (Binance, 2021). The highlight of this transformation in the market dynamics is the possibility of an alternative L1S to challenge the dominance of established banks such as Ethereum.

During this period, technical indicators also indicated a strong ups in AVAX. The RSI (RSI) index of AVAX reached 78 on March 29, 2021, indicating conditions of his arm in the peak purchase area but also strong purchase (TradingView, 2021). The average medium rapprochement (MACD) showed an upper intersection on March 28, 2021, enhancing the morale of the positive market (Coinigy, 2021). In addition, the scales revealed on the series that the average transaction fee on the collapse network has decreased from $ 0.05 to $ 0.02 during this period, making it more attractive to users compared to ETHEREUM fees, which amounted to 20 dollars (ETHERSE Explorer, 2021; ETHERSCAN, 2021). The AVAX’s reversal also had a ripple effect on the other alternative L1s, with the vision of Solana (SOL) and Fantom (FTM) by 50 % and 70 %, respectively, by April 30, 2021 (Coinmarketcap, 2021).

In terms of developments related to the prosecution, the appearance of the alternative L1S coincided with an increase in interest in Blockchain projects driven by artificial intelligence. For example, the Blockchain platform that operates from Sergenulationynet (AGIX) witnessed a 300 % trading volume from March 29 to April 30, 2021, as investors sought to be exposed to both artificial intelligence technologies and Blockchain (Coingecko, 2021). This trend was also reflected in the relationship between AGIX and major encrypted currencies such as Bitcoin (BTC) and ETHEREUM (ETH), with a correlation coefficient of 0.65 and 0.72 respectively during this period (Cryptoquant, 2021). The integration of artificial intelligence into Blockchain was seen as a potential engine to increase efficiency and expansion, which increases interest in alternative L1S. Feelings also affected the projects that artificial intelligence drove on the market morale in general, as the Crypto Fear & Greed index rose from 50 to 70 during this period, indicating a shift towards greed and optimism in the market (Alternative.me, 2021). This rapprochement between artificial intelligence techniques and Blockchain provided unique trading opportunities, especially in symbols that focus on artificial intelligence and their commercial husbands with large encrypted currencies.