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): $797.92M (-1.34%)
Avalanche C-Chain daily txns: 2.8M (-3.5%)
Max transactions per second: 338 (+0.9%)
Total Avalanche validators: 721 (+1.2%)
Total Avalanche L1s: 452 (+0.4%)
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: AVAX One, a publicly traded Avalanche treasury firm, has repurchased 2.4 million shares under a $40 million buyback program.
🔺Why it matters: Share buybacks allow public companies to take advantage of a dip in their stock’s price to reduce the number of shares in the market, which drives up the share price.
Buybacks also let companies provide investors a way to exit their investment at a good price. They also offer a longer-term benefit: the company can make a margin on the buyback by selling shares when its stock eventually appreciates, through secondary offerings, private placements, convertible instruments or rights offerings.
Since AVAX One holds AVAX as its primary asset, reducing the share count means each share is backed by a larger portion of AVAX. Consequently, if AVAX's price rises, the gain is spread across fewer shares.
AVAX One said it will continue buying back shares when it believes its stock is trading below the value of its assets.
🔺The bigger picture: AVAX One is buying more AVAX and generating returns from those holdings, while also letting shareholders exit, via this buyback.
MicroStrategy ran a comparable model for bitcoin, raising capital through stock and debt to buy more bitcoin.
If AVAX One’s stock price rises, the company can raise money to fund more AVAX purchases, which strengthens the balance sheet, and in turn supports the stock.
Chart Of The Week
Avalanche C-Chain saw weekly transactions reach a record high of 20.2M last week.
Source: Token Relations Dashboard
Scaling the Ecosystem
Retro9000’s C-Chain round has begun, and is accepting new applications until March 18
Quack AI integrated Q402 with Avalanche, letting users make stablecoin transfers without needing AVAX for gas
Core launched Crypto Bonus, an incentive program that encourages new users to learn about the Avalanche ecosystem in exchange for rewards for performing onchain actions
Ava Labs was chosen as a launch partner for Mastercard’s Crypto Partner Program
AVAX Community Wins
Avax Team1 wrote about Imaginus’ Avalanche-powered multiplayer online battle arena mobile game, and how it uses blockchain for in-game asset ownership
Blaze added Raids to its streaming Avalanche L1, letting creators send existing viewers to other channels directly
BENQI integrated with Enso so users can supply and repay loans using liquidity across supported blockchains
Poll It launchedan onchain “perception” market that lets users vote on different narratives
Join In The Fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
See if Avax Team1 is hosting a local meetup near your city
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.