AVAX DEX volume surged to $791.45M in 24 hours, signaling intense decentralized exchange liquidity and heightened trading demand; exchange outflows recently turned negative near $10M while Avalanche Treasury advances a $675M SPAC plan to build a $1B AVAX reserve.
-
24h DEX settlements: $791.45M — top-tier liquidity on Avalanche
-
Exchange netflows flipped negative after 22 September, with outflows near $10M, indicating reduced selling pressure.
-
Avalanche Treasury targets a $1B AVAX reserve and has secured roughly $460M ahead of a $675M SPAC listing.
AVAX DEX volume spikes to $791M, exchange outflows drop, Avalanche Treasury readies SPAC move — read the latest analysis and what traders should watch next.
What is driving the recent AVAX DEX volume spike?
AVAX DEX volume climbed to roughly $791.45 million in a 24-hour window, driven by increased trading on automated market makers and a rise in smart contract activity. This surge reflects strong on-chain liquidity and elevated user interaction across Avalanche-based decentralized exchanges.
How did exchange flows change and what does negative netflow mean?
Exchange netflows shifted from positive inflows mid-September to negative readings after 22 September, with outflows approaching -$10 million. Negative netflow typically signals reduced selling pressure on centralized venues and may support price stabilization when withdrawals outweigh deposits.
Analyst-tracked inflow spikes between 10–13 September—around +$11M and +$12M—preceded distribution phases, then reversed as holdings moved off exchanges. Early October data continued to show slightly negative netflows, indicating constrained exchange-based sell pressure.
How has AVAX price reacted to flows and liquidity changes?
AVAX price traded between $24.88 and $37.11 during the observed period. After initial inflows, AVAX dipped under $30 before recovering toward $37 on 19 September, then settled around $30–$31 by early October. Reduced exchange balances aligned with narrower trading ranges and more subdued volatility.
Why does the Avalanche Treasury SPAC plan matter for AVAX?
Avalanche Treasury Co. announced plans for a $675M SPAC listing with Mountain Lake Acquisition and aims to build a $1 billion AVAX reserve, with approximately $460M reported secured. Such capitalization can attract institutional interest and create a persistent buy-side catalyst for AVAX liquidity.

What do smart contract deployments reveal about network health?
Smart contract deployments on Avalanche reportedly tripled year-over-year, indicating sustained developer activity and growing on-chain utility. Increasing contract counts support higher DEX throughput and are consistent with rising AVAX DEX volume and protocol-level usage.
How should traders interpret DEX volume versus centralized exchange flows?
High DEX volume reflects active liquidity and on-chain trading, while negative centralized exchange netflows indicate tokens moving off exchanges—often reducing immediate sell pressure. Together, these signals suggest a market with robust decentralized trading but restrained centralized supply for now.
Frequently Asked Questions
How large was AVAX’s 24-hour DEX volume peak?
AVAX DEX settlements reached approximately $791.45 million in a single 24-hour period, positioning Avalanche among networks with top-tier decentralized liquidity during that window.
Did exchange outflows cause the price stabilization?
Partially. Exchange outflows near -$10M reduced available exchange liquidity, which tends to compress volatility and can help stabilize prices when demand remains steady.
What is the Avalanche Treasury SPAC proposal?
Avalanche Treasury Co. plans a $675M SPAC listing and aims to build a $1B AVAX reserve, with around $460M reportedly secured, signaling potential institutional interest and treasury-backed token exposure.
Key Takeaways
- DEX Liquidity Surge: AVAX recorded $791.45M in 24h DEX volume, reflecting strong AMM activity.
- Exchange Netflow Shift: Netflows turned negative after 22 September, with outflows near $10M, indicating less centralized sell pressure.
- Treasury Moves: Avalanche Treasury’s SPAC plan and $1B reserve target may attract institutional capital and support long-term liquidity.
Conclusion
AVAX’s recent trading profile—marked by a $791M DEX volume spike, negative exchange netflows, and Avalanche Treasury’s SPAC-driven reserve initiative—paints a picture of rising decentralized liquidity and growing institutional interest. Monitor exchange balances and contract deployment trends for early signals of sustained momentum. COINOTAG will continue tracking developments and on-chain metrics.