Welcome to the Avalanche Weekly Overview. In this edition, we explore Grayscale’s new Avalanche ETF, stablecoin growth on the network, and new community initiatives.
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Avalanche By The Numbers
Avalanche Total Value Locked (TVL): $785.7M (-1.5%)
Avalanche C-Chain daily txns: 2.5M (-10.7%)
Max transactions per second: 330 (-2.4%)
Total Avalanche validators: 730 (+1.25%)
Total Avalanche L1s: 457 (+1.1%)
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: Grayscale's Avalanche Staking ETF (GAVA) began trading on the Nasdaq on March 12. The fund launched with approximately $5.5 million in assets under management.
🔺Why it matters: Unlike other crypto ETFs that only track price exposure, GAVA is structured to pass staking rewards to shareholders. The fund stakes 90% of its AVAX tokens on the network, giving investors exposure to both AVAX price movements and the potential yield generated through network participation.
This structure removes the need for investors to manage validator infrastructure or private keys, lowering the barrier for institutions seeking to receive yield on their investments alongside exposure to AVAX.
🔺The bigger picture: GAVA marks the second Avalanche-focused ETF to reach the market, following VanEck’s ETF in late January. Together, Avalanche ETFs now have about $17.22 million in assets under management.
The launch of a second Avalanche ETF reflects how the network is evolving within the crypto landscape, as investors seek exposure to asset price appreciation, and take advantage of yield generation by proof-of-stake networks.
Chart Of The Week
USDT on Avalanche is up 12.8% over the last 30 days to $959.7M
Scaling the Ecosystem
AVAX Community Wins
Louisiana State University’s American football team launched a rewards program using Uptop’s Avalanche-powered fan engagement platform
DepositOS has integrated with Avalanche to allow developers to make cross-chain transfers
Floors released the whitepaper for its token primitive on Avalanche that introduces zero-liquidation credit and reserve backed yield
Join In The Fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
Avalanche is hosting its next Summit event from Sept. 16-16 in NYC
Check out Avalanche’s developer hub to learn how to build an L1 blockchain using its infrastructure
Avax Team1 is hosting a meetup during ETH Cannes on March 30
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.