TechFlame reports that according to The Defiant, the total locked value (TVL) of the Avalanche blockchain has doubled to about 2.1 billion US dollars since April, mainly driven by institutional capital inflows, game ecosystem expansion, and network upgrades. The Octane upgrade at the beginning of the year reduced gas fees, and Vaneck and Sky Bridge Capital respectively announced the establishment of funds and the migration of assets to Avalanche. The number of on-chain transactions exceeded 1.4 billion in the first half of 2025. Experts pointed out that TVL growth depends on institutional demand, and future sustainability remains to be seen.