Bitwise files to list a staked Avalanche ETF in the US
Avalanche Weekly Overview - December 3, 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): $1.31B (+2.47%)
Avalanche C-Chain daily txns: 2.2M (+10%)
Max transactions per second: 530 (+51.86%)
Total Avalanche validators: 817 (+0.49%)
Total Avalanche L1s: 400 (+0.76%)
The percentages and metrics are based on a 7-day timeframe from Token Relations data, unless noted otherwise.
Inside The Network
🔺What we’re watching: Bitwise has filed a Form S-1 with the US Securities and Exchange Commission (SEC) for a staked Avalanche ETF.
🔺Why it matters: With the new proposed Avalanche ETF, Bitwise is looking to increase AVAX’s exposure to traditional markets.
The filing has staking as a secondary objective for the ETF, allowing up to 70% of its AVAX holdings to be delegated to validators on Avalanche’s blockchain. This would generate annual rewards of 7% to 10%, based on network participation, that would be then distributed to shareholders.
The filing follows the IRS’ updated guidance to reduce tax complications for yield-bearing crypto products. The new guidelines reduce uncertainty for both users and platforms, as lowering compliance risk can give people more confidence to participate in yield programs without worrying about unexpected taxable events.
With clearer rules, issuers like Bitwise can design and scale yield mechanisms more freely, ultimately helping the broader market gain a sense of regulatory legitimacy.
🔺The bigger picture: A staked Avalanche ETF can help transform AVAX into an income-generating asset class, and stands to generate a flywheel effect where early inflows and liquidity can attract larger allocations from institutions. That can in turn deepen Avalanche’s capital markets footprint.
Chart Of The Week
With 10.1M monthly active addresses, November proved Avalanche C-Chain’s best month of the year.
Check out our dashboard for more analytics.
Scaling the Ecosystem
Dexalot surpassed 400M transactions on its Avalanche L1
DeFi Kingdom’s Avalanche L1 hit 1T total transactions on Nov. 26
Avalanche announced Kite AI, Youmio, Thirdweb, and Turf as the partners for its Hack2Build: Payments x402 hackathon
Securitize received regulatory approval in the European Union to launch a digital trading and settlement system on Avalanche
AVAX Community Wins
NXPC, the native token for MapleStory Universe’s L1, launched on BENQI’s Avalanche Ecosystem Markets to provide rewards for token providers
Off The Grid released a video explaining changes to its entry fees, matchmaking, reward scaling, seasonal resets, and player punishments
Lightning Forge Games partnered with Warp Chain to add support for publishing web3 games to its Avalanche L1
Check out Avax Team1’s article about how Avant Protocol enables market-neutral yield strategies for Avalanche users
Join In The Fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
Avalanche’s $25K x402 Payments Hackathon ends Dec. 9
Participate in Season 3 of Avalanche’s Battle Pass, which rewards users for playing ecosystem games
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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.