Inversion’s Avalanche L1 is planning to turn crypto into a business building service
Avalanche Weekly Overview - February 19, 2025
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
AVAX token price: $23.77 (-4.35%)
Max transactions per second: 310 (+63.16%)
Network’s 7-day total transactions: 27.92M (+1.6%)
Avalanche C-Chain daily txns: 371.8K (+23.11%)
DeFiLlama’s Avalanche TVL: $1.23B (-0.81%)
Top 3 Avalanche DeFi projects by TVL:
Benqi: $571.15M (-2.55%)
Aave: $543.41M (-1.18%)
LFJ: $137.93M (+8.04%)
These metrics are based on a 7-day time frame, unless noted otherwise.
Inside the network
🔺What we’re watching: Inversion Capital announced it will launch an Avalanche L1 in hopes to pioneer a crypto-native private equity strategy. The blockchain is backed by the firm and prominent crypto investor Santiago Roel Santos, who will also operate as the founder.
🔺Why it matters: At a high level, Inversion’s goal is to acquire businesses, replace outdated infrastructure with blockchain technology and drive real-world economic activity onchain.
The network will introduce a crypto-native private equity strategy by acquiring traditional businesses and integrating blockchain infrastructure into them. This is innovative because it could replace outdated systems with technology that makes operations more cost-efficient and scalable.
Santos believes that instead of trying to convince businesses to adopt crypto, it would be more effective to godirect. This approach would be able to demonstrate that crypto isn’t just a speculative asset class, it's also an operational upgrade that can make businesses faster and more efficient.
Essentially, Inversion would rather integrate the technology themselves than rely on speculation or persuading businesses to adopt blockchain technology. This strategy leverages Avalanche’s capabilities by including privacy options, interoperability and EVM compatibility with the goal to create an efficient and scalable foundation.
🔺The bigger picture: Inversion aims to build one of the largest economies in crypto - capitalizing on Avalanche’s technology.
The reason Inversion can stand out from the rest of the crowd is its novel approach. Traditionally, blockchains focus on building on platforms using technology in hopes to attract new users because of unique features and use cases. However, for Inversion, the blockchain focuses on buying companies who already have strong customer bases and established networks, and integrating blockchain technology into them. This could essentially take strong performing businesses and make them more efficient, through the web3 technology, opposed to starting from square one.
If successful, Inversion could show that crypto isn’t just an asset class, but a foundational technology for global commerce. By strategically acquiring companies and transitioning them onchain, Inversion aims to accelerate mainstream crypto adoption while showcasing Avalanche’s capabilities as an enterprise-ready blockchain solution.
Scaling the ecosystem
Top 3 Avalanche games by 7-day total txns:
Gunzilla Testnet: 16.34M (+2.98%)
Pulsar: 14.36M (+4.80%)
Defi Kingdoms: 5.1M (+8.55%)
Bybit added Avalanche as a partner for its crypto debit card, allowing users to earn 10% cashback in AVAX
AVAX memecoins KET and WINK hit new highs in market cap at $450M and $135M, respectively
Humanode deployed its human identity authentication technology to the Avalanche C-chain for developers to integrate sybil detection to their dApps
Lucid announced the creation of its luck-based gaming L1 powered by Avalanche
Avalanche hit an ATH in Kaito mindshare on February 18 (shown below)
Source: Kaito via X user Emperor Osmo
Active L1s: 50
L1 validators: 289
Total L1 validators: 1,440
Active blockchains in the Avalanche network: 53
Total staked across Subnets: 485,374 AVAX
Distribution of L1s by category. Source: Snowpeer
AVAX community wins
Avalanche Foundation shared the first recipient of its infraBUIDL(AI) grant, Bitte - a non-custodial wallet ecosystem that lets developers build AI agents
GoGoPool announced that Avalanche memecoin Coq Inu has deployed its own L1, COQNet
Inversion founder Santiago Santos went on the Empire podcast to talk about why it's building an Avalanche-powered L1
Kalichain, an Avalanche-powered L1 that’s authenticating luxury goods onchain, joined the Retro9000 program
The team hosted an AMA on X about the blockchain - listen here
Cookie DAO shared the results of its DeFAI Hackathon - here are the winners from the Avalanche track:
Avalanche Archives
Here’s Avalanche-based articles that made headlines this week.
Avalanche Head of Asia Talks Hong Kong Approval and Enterprise Adoption (BeInCrypto)
DeFi on Avalanche: Where Innovation Meets Finance with Avant, Dexalot, Stable Jack and Pharaoh Exchange (Avalanche on X)
Avalanche Quarterly Report - Q4 2024 (Nansen)
Check out the Avalanche blog for more updates.
Join in the fun
Want to dive deeper into Avalanche?
Avalanche is hosting its next Summit in London from May 20-22
Are you a developer? Sign up for the Avalanche Summit Hackathon from May 23-25 for a chance at a $50K prize pool
Apply to join Avalanche’s Innovation House, a residency program from April 9 - May 18 for blockchain developers to network and share ideas and learn from each other
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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.