Avalanche's stablecoin supply surged by 20.5% over the past week, reaching $1.907 billion, as the network experienced unprecedented activity. On December 5th, Avalanche processed over 47 million transactions, marking a new record for the network. The increased activity comes as $AVAX, Avalanche's native token, trades between $13 and $14, maintaining key support levels. This surge in stablecoin supply and transaction volume highlights growing interest and utilization of the Avalanche network.