AgriFORCE rebrands to AVAX One, with goal to accumulate AVAX
Avalanche Weekly Overview - September 24, 2025
Welcome to the Avalanche Weekly Overview, the AVAX community’s one-stop-shop for the latest on the network’s metrics, releases, insights, updates, ecosystem developments and more. All in one place.
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Avalanche by the numbers
Avalanche Total Value Locked (TVL): $2.26B (+8.13%)
Avalanche C-Chain daily txns: 1.2M (-33.33%)
Max transactions per second: 227 (-42.09%)
Total Avalanche validators: 909 (+0.33%)
Total Avalanche L1s: 355 (+1.14%)
The percentages and metrics are based on a 7-day timeframe from Token Relations data, unless noted otherwise.
Inside the network
🔺What happened: AgriFORCE Growing Systems is rebranding to AVAX One and will raise $550 million to fund its transition to a company dedicated to acquiring AVAX, the native token of the Avalanche blockchain.
🔺Why it matters: AVAX One, backed by Anthony Scaramucci and Hivemind Capital, aims to accumulate over $700 million in AVAX tokens through a $300 million PIPE placement and up to $250 million in equity-linked financing.
The rebrand looks to help Avalanche gain more visibility on Wall Street by creating a publicly traded entity on the Nasdaq that offers indirect exposure to AVAX. A regulated listed company would bypass the hurdles of direct crypto ownership, like custody risks and volatility concerns, letting traditional institutions, often restricted by compliance mandates, invest in AVAX One’s stock to gain exposure to Avalanche’s ecosystem. The ecosystem also hopes to draw the attention of hedge funds, pensions and corporations, which may prefer to deploy their capital in equity markets.
🔺The bigger picture: This development has heightened demand for AVAX tokens: AVAX One’s stock surged over 200% following the announcement.
AVAX One looks to extend Avalanche’s use case beyond just holding the token, and plans to acquire fintech firms and integrate them into the ecosystem to enable real-world applications across tokenization and DeFi. If implemented well, this initiative could further bridge traditional finance with blockchains by enhancing institutional-grade security and scalability across Wall Street.
Scaling the ecosystem
Token Relations’ Avalanche Dashboard shows:
The Avalanche network recorded $1.2B in DEX volume on Sept. 23
Aave TVL on the network reached an all-time high of $1B
Avant USD circulating supply on the network rose to new highs of $119.9M
Galxe surged in 1,000% in transactions to 32.5K through the week
Titan Content announced 2GATHR, a K-Pop fan engagement app powered by TITAN’s custom Avalanche layer-1 blockchain
PayPal integrated its stablecoin, PYUSD0, with Avalanche using LayerZero’s cross-chain bridge, alongside other blockchains
BDACS and Woori Bank collaborated to launch KRW1, a fully collateralized, won-backed stablecoin on the Avalanche network
AVAX community wins
Avail integrated Avalanche with its Nexus tech stack, giving developers the ability to leverage automatic bridging and chain switching for user assets for their dApps
Spellborne released Bazaar, an in-game marketplace for players to trade their assets using the BORNE token
MapleStory Universe launched the MSU Affiliate Program so users can earn rewards for participating in the ecosystem
Avalanche Archives
Avalanche developments to make headlines this week:
Re Protocol: Bringing Reinsurance Yield Onchain via Avalanche (Avalanche Team1)
Avalanche and India’s CUTM-AP to Issue Blockchain-Secured Degrees (CoinTrust)
Check out the Avalanche blog for more updates.
Join in the fun
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Sign up to Helika and Avalanche’s 12-week mentorship program designed to help game studios refine and iterate their products
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This product was built by Token Relations.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.