Welcome to the Avalanche Weekly Overview. A one-stop-shop for the AVAX community to get up to speed on the Avalanche blockchain network’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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Avalanche by the numbers
Avalanche TVL: $1.97B (+1.97%)
Avalanche C-Chain daily txns: 1.9M (+46.15%)
Max transactions per second: 153 (+35.4%)
Total Avalanche validators: 944 (+4.52%)
Total Avalanche L1s: 334 (+2.45%)
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: Grayscale filed an S-1 with the US Securities and Exchange Commission (SEC) to convert its Avalanche Trust into a spot AVAX ETF.
🔺Why it matters: Grayscale’s Avalanche Trust provides accredited investors exposure to Avalanche, but lacks the liquidity of a public trading asset. This acts as a barrier to entry for most because in order to access, investors must navigate subscription processes which could be complex and come with a high buy-in (since it's for accredited investors.) So it ultimately doesn’t allow everyday investors to engage with it.
The introduction of a spot AVAX ETF allows people to buy and sell shares via traditional brokerage accounts. Since spot ETFs are publicly traded on the Nasdaq, it allows for greater participation by public markets, similar to purchasing a stock.
Grayscale’s push to convert its Avalanche Trust into a spot ETF reflects the firm’s effort to accelerate adoption among retail and institutional investors seeking compliant exposure to crypto assets. It also would put AVAX up alongside other Grayscale ETFs for tokens like Bitcoin and Ethereum.
🔺The bigger picture: In general, the fund introduces AVAX to a wider audience by converting its current investment vehicle into a more familiar one. As it stands, it has $13.72 million in assets under management. Since the Trust requires a certain process to engage with, an ETF opens doors for new entrants like pension funds and retail traders to enter a token community through an alternative avenue.
As investors gain more opportunities for exposure, they can explore the ecosystem of the underlying asset. In turn, it invites more users to learn about blockchain technologies like Avalanche, thus increasing the potential for broader DeFi adoption.
Scaling the ecosystem
Apierion, a global healthcare fintech company, announced a partnership with Triangle Digital to bring health data monetization and carbon offset markets onchain via Avalanche
Densan and SMBC Group signed an agreement with Avalanche to explore payment and stablecoin services across Japan
Avalanche Foundation announced the second cohort for its Retro9000 campaign
Token Relations Avalanche Dashboard shows:
Stablecoin market cap on the network is up 11% on the week to $1.86B
Euler reached an all-time high of $208M in TVL on Aug 24
Daily transactions on C-Chain hit a yearly high of 2M on Aug 24
LFJ recorded $63.8M in DEX volume on the week, an 814% increase
AVAX community wins
Learn about projects on Avalanche that received grants from Retro9000 and infraBUIDL()
Spellborne shared the launch date of its token BORNE is Aug 29 - read its whitepaper about the coin’s tokenomics and role in the ecosystem
Listen to an X space about DePIN initiatives on Avalanche with Ava Labs BD Justin Fiddes
Avalanche Archives
Here’s Avalanche-based articles that made headlines this week.
ARNEAmode Ep 06 | Conviction in the Arena (BUIDLMode on X)
DeFi Playbook: Advanced DeFi Tactics on Avalanche (Avalanche Team1 Dao)
Check out the Avalanche blog for more updates.
Join in the fun
Want to dive deeper into Avalanche?
Meet up with the community for Avalanche Connect in Istanbul on Sept 1
Avalanche Team1 Dao is hosting a series of hackathons across India with up to $3K in prizes
Applications for Avalanche’s Hack2Build: Privacy Edition builder event is open
Check out Aphex Labs’ 12-week accelerator program for early-stage teams that are building staking platforms, liquidity pools or yield farming tools on Avalanche
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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.