The avalanche (Avax), which carried an efficient start to 2023, rose 98% in 30 days, and traders are now wondering whether the increase will last until February. Avax has made more profits than BTC (BTC) and ETH so far this year.

The main reason for the recent rise in Avax stock prices can be attributed to Amazon platform's announcement of a new strategic partnership on January 11th. The strategic partnership hopes to easily deploy connection points on the avalanche block chain through Amazon platform Internet Services (AWS). AVA Lab, which is suitable for avalanche ecosystems, expects this strategic partnership to increase the use of blockchains by enterprises and countries.

While Avax Price benefited from the information, some analysts predicted the move could be a big bull market trap.

Let's fully tap into the fundamentals of stocks to see if chain-like online activity supports recent Avax gains.

The cost of Avax from Defi increases

After the news of AWS, Avax price is not the only indicator of rapid rise. On Jan. 14, Avalanche Internet set a record so far this year, winning a $31218 Avax fee. Compared with the previous 30 days, fees have increased by 59%, indicating that proactive price increases have helped to increase the fees earned by the Internet.

Although the cost of the avalanche has increased, it still lags behind top-level blockchains such as Etherum, Binance Chain (BNB), OP and Polygon that adapt to EVM. In the past 30 years, the cost of avalanches ranks ninth in most block chains.

It's worth noting that the second-tier competitor, Polygon, seems to be paying four times as much as the avalanche. Even if the avalanche experienced a surprising improvement in 2023, the Internet would have to significantly increase its costs to go beyond more blockchains.

The detailed address of the topic activity and the user has been disabled

A sign of a healthy life in the blockchain is the total number of active detailed addresses, customers and payments. Although it hit a recent high of 1.84 million transactions on January 18th, the total number of avalanche transactions has fallen.

When looking at the active detailed addresses in the avalanche ecosystem, there is a similar downward trend. The detailed address of the theme activity indicates that a unique wallet is used to conduct a trading transaction within a given day. After reaching a peak of 54978 active addresses on January 31 this year, only 34624 active addresses were registered the next day.

The downward trend in avalanche activity has led to further separation between other block chains. According to TokenTerminal, the number of avalanche's highest daily active customers (ATH) is 131000, which is a far cry from Polygon's 737000. The number of avalanche users today is well below its all-time high, with only 44, 000 applicants.

For blockchain to create the cost of sustainable development, there must be daily active users to participate in the Internet.

AAVE master avalanche Dapp

The active customers in the avalanche seem to prefer to use AAVE (AAVE) in the Avax blockchain. More than 36 per cent of avalanche transactions are conducted under the AAVE agreement. Investors have long bet more than $353 million on the avalanche version of AAVE, far more than the Trader Joe distributed Trading Center (DEX), the second most popular agreement based on certified total locked use value (TVL).

Although AAVE and Trader Joe are the leaders of the avalanche blockchain, when they look at the DEX activity in other blockchains, they see as little trading volume as possible. The amount of Dex is closely related to the fees received by the agreement.

Etherum DEX took the lead with a daily turnover of more than $1.6 billion, while Avalance's daily turnover was only about $104 million.

Although the avalanche carries the great improvement described by AWS at this stage, the block chain is still small compared with competitors. The purpose of AWS collaboration is to help increase Internet activity by lowering the threshold of entry. Achieving this overall goal may increase the adoption of avalanches, but other ecosystems seem to take the lead at an early stage.