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): $1.13B (-10.75%)
Avalanche C-Chain daily txns: 2.4M (-7.7%)
Max transactions per second: 273 (-33.7%)
Total Avalanche validators: 755 (+3%)
Total Avalanche L1s: 431 (+0.23%)
The percentages and metrics are based on a 7-day timeframe from Token Relations data, unless noted otherwise.
Inside The Blockchain
🔺What we’re watching: Avalanche has launched Build Games, a six-week, global, online product development competition with a $1 million prize pool.
🔺Why it matters: Build Games combines funding, structure and support in order to allow developers to work across applications, infrastructure, tooling, primitives, and early-stage experimentation. The competition is open-ended, with no predefined tracks, as it aims to give projects a level of creative freedom that might not emerge under rigid hackathon tracks or short-term incentive programs.
By removing predefined themes, Build Games wants to let teams focus on problems they already understand or care about. Such an approach can sometimes produce projects with higher conviction and stronger product-market alignment.
Build Games also employs a milestone-based structure to encourage teams to build beyond validating ideas to executing them. The competition requires a working prototype by the midpoint of the competition to urge developers to make technical commitments early, and it also provides ongoing mentorship and feedback to help teams refine architecture, usability, and distribution strategy.
🔺The bigger picture: Developer ecosystems compound over time, but only if developers stay engaged beyond initial experimentation. Open-ended programs like Build Games aim to convert early interest into sustained activity by aligning incentives with execution and long-term potential rather than short-term demos.
Chart Of The Week
Last week proved to be Avalanche C-Chain’s best week so far, with active addresses hitting 9M.
Scaling the Ecosystem
The Avalanche C-Chain saw its highest weekly transaction count in the past year, reaching 17.2M transactions from Jan 12-18
AVAX One, a publicly traded treasury company focused on Avalanche, launched a validator infrastructure on the blockchain
Galaxy Digital launched a $75M tokenized collateralized loan obligation on Avalanche, anchored by a $50M investment from institutional protocol Grove
Dinari opened trading on the S&P Digital Markets 50 Index, an Avalanche-powered 24/7 trading network
AVAX Community Wins
ProTennis.fun launched its fantasy tennis trading platform, starting with the Australian Open
Blaze announced a streamathon for its Avalanche L1, that will give out $110K in rewards to creators until Feb. 15
Avalanche Team1 gave a $10K grant to Grotto’s Avalanche L1, to fund infrastructure and creator onboarding
Join In The Fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
Check out xLabs’s AVAX validator, which lets users earn up to 200K AVAX tokens for delegating on the network
That’s all for now.
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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.