- Avalanche transactions reached a two-year high of about 20.19 million
- Chainlink recorded 11 new Web3 integrations across multiple blockchain networks
- Hedera’s real-world asset ecosystem continues expanding despite HBAR trading 60% below its peak
After months of relentless selling, the crypto market has started to look… different. Prices across many assets have slowed their descent and moved into sideways ranges, something traders often interpret as seller exhaustion. When markets stop falling but don’t immediately rally either, it usually means the pressure that pushed prices down is beginning to fade.
Because of that shift, investors are quietly scanning the market for undervalued cryptocurrencies — projects where network activity or fundamentals appear stronger than the price suggests. Historically, that mismatch has sometimes preceded large rebounds.
Avalanche, Chainlink, and Hedera are three networks that analysts are watching closely. All of them have shown on-chain signals that, in previous cycles, came before major rallies.
Avalanche Activity Surges Despite Quiet Price Action
Avalanche is one of the more interesting examples right now. Over the past two months, the network has recorded steady growth in weekly transaction activity.
Data from DeFiLlama shows Avalanche transactions climbing consistently since April 2025. Last week alone, the network processed about 20.19 million transactions — the highest level in nearly two years.
Yet despite that increase in activity, trading volume tied to Avalanche tokens has cooled somewhat. Between March 2 and March 8, token trading volume fell to roughly $2.10 billion compared with $2.79 billion the previous week.
At first glance, that seems contradictory. But it may simply mean many transactions involve users moving funds between wallets rather than interacting directly with decentralized applications.
Still, seasoned crypto investors have seen this pattern before. In earlier cycles — particularly during the recovery after the 2022 bear market — rising network throughput often appeared before the AVAX price began climbing again.
Right now AVAX trades around $9.59 after moving mostly sideways for more than a month. For long-term investors, these quiet consolidation periods sometimes turn out to be accumulation zones.
Chainlink Infrastructure Continues Expanding
Chainlink tells a slightly different story. The project has remained one of the most important infrastructure providers in Web3, supplying data feeds that power decentralized finance, NFT platforms, and tokenized real-world asset markets.
Interestingly though, the price of LINK has not always kept up with its growing usage.
Oracle request activity continues increasing while the token itself trades in a relatively tight range. That disconnect has occurred before, and historically it often preceded strong price rebounds.
Part of the slower price performance may be tied to token inflation. The Chainlink Foundation has periodically released tokens from treasury reserves, which can temporarily add selling pressure to the market.
Even so, the ecosystem keeps expanding.
Just this week, Chainlink announced 11 new integrations across multiple blockchain networks including Base, Injective, Monad, and others. These integrations strengthen Chainlink’s position as the default oracle infrastructure for Web3.
At the time of writing, LINK trades around $9.04. The asset is still facing resistance near $9.40, which aligns with its 50-day simple moving average.
Hedera’s RWA Growth Outpaces Price
Hedera may be one of the more overlooked projects in the current market cycle.
HBAR is trading roughly 60% below its cycle high from the past year, yet the network’s real-world asset ecosystem has been expanding rapidly. According to data from the RWA.xyz dashboard, tokenized assets on Hedera have been increasing both in number and in total value locked.
New asset issuances continue appearing almost weekly, pushing the network deeper into regulated finance markets.
Despite that growth, HBAR’s price has barely reacted. The token currently trades around $0.094 after a small pullback over the past day.
For many investors, this kind of gap between utility and valuation is exactly what makes an asset look undervalued.
Market Ingredients for a Recovery Are Forming
Across all three projects — Avalanche, Chainlink, and Hedera — a similar pattern appears.
Network activity is growing. Infrastructure is expanding. Yet prices remain heavily discounted compared with previous highs.
Those conditions have appeared before in crypto cycles. When broader market sentiment eventually flips from risk-off to risk-on, assets with strong fundamentals often move first — and sometimes the fastest.
For now, the market is still in a cautious phase. But the ingredients that preceded previous rallies… they’re slowly lining up again.
