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): $1.34B (-1.80%)
Avalanche C-Chain daily txns: 2.6M (+36.84%)
Max transactions per second: 412 (+0.49%)
Total Avalanche validators: 733 (+4.86%)
Total Avalanche L1s: 430 (+1.42%)
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: Daily Avalanche Interchain Messaging (ICM) transactions hit an all-time high of 15,400 on January 11.
🔺Why it matters: Avalanche ICM allows independent Avalanche layer-1 (L1) blockchains to communicate and move assets or data between one another.
Unlike Ethereum layer-2 (L2) networks, where multiple chains share the same validators and security, each Avalanche L1 has its own validators, gas fees, and governance rules. ICM lets apps and users operate across multiple L1s without leaving the Avalanche network.
Much of the recent spike happened this week:
CX, a gaming-focused Avalanche L1, facilitated 22,600 transactions in total, of which nearly half (11,332) outflowed to the Avalanche C-Chain.
Grotto, a platform that lets indie-game developers monetize digital assets, reported 9,900 total ICM transfers. Of that, just 5 transfers outflowed to C-Chain, while 9,987 inflowed from C-Chain.
Henesys, an Avalanche L1 developed by MapleStory Universe, saw 13,500 total ICM, with 10,461 outflowing to C-Chain and 3,512 inflowing.
🔺The bigger picture: Each ICM transaction represents a transfer of value or data between chains.
More messages mean that liquidity is moving more freely, and Avalanche L1s are coordinating with each other to execute trades across chains.
Chart Of The Week
The Avalanche C-Chain recorded an all-time high of 1.4M active addresses on Jan. 12.
Scaling the Ecosystem
Avalanche’s RWA value rose 5.8% to $573.9M over the past 30 days
Wyoming’s FRNT stablecoin launched on Jan. 7, with support for cross-chain bridging to Avalanche
Intain, a marketplace for tokenized asset-backed securities built as an Avalanche L1, reached $28B in cumulative deal asset value
AvaCloud completed SOC 1 Type II and SOC 2 Type II audits to measure how the platform operates in institutional production environments
AVAX Community Wins
Avax Team1 has an explainer on how Mugenfi is using Avalanche’s technology to build an entertainment IP launchpad that turns films, music projects, comics, and animations into investable digital assets.
LaRussel released his album using EVEN’s artist-focused Avalanche L1 and saw an $11K donation from a pre-order
0xGasless collaborated with VIA Labs to enable cross-chain token actions for AI agents using the x402 protocol
Join In The Fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
Check out xLabs’s AVAX validator campaign to earn up to 200K AVAX tokens for delegations
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.