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: $23.04 (-1.52%)
Max transactions per second: 613.17 (+4.42%)
Network’s 7-day total transactions: 88.87M (+4.76%)
Avalanche C-Chain daily txns: 403.7K (+6.35%)
DeFiLlama’s Avalanche TVL: $1.53B (+2%)
Aave: $744.36M (+0.55%)
BENQI: $604.97M (+6.53%)
LFJ: $117.67M (-2.60%)
These metrics are based on a 7-day time frame, unless noted otherwise.
Inside the network
🔺What we’re watching: Ava Labs and Filecoin Foundation launched a native cross-chain data bridge to connect Avalanche's blockchain with Filecoin's storage network.
🔺Why it matters: This bridge looks to provide developers a way to store data permanently on Filecoin, while maintaining verification through Avalanche’s smart contracts. In turn, it would create a path that combines Avalanche's fast transaction processing with Filecoin's decentralized storage capabilities to create a more efficient system for Web3 applications.
In addition, this collaboration can help be a solution to existing blockchain storage challenges. In general, keeping all data onchain can be expensive and the usage of centralized solutions would compromise the decentralization aspect.
While it may be most applicable for web3 protocols, it could be beneficial for web2 businesses that are exploring the integration of blockchain technology.
Oftentimes, businesses that sell a product interact with sensitive information from customers. This bridge can offer a compliance-friendly way to handle sensitive information since the data is generated on Avalanche, sent to Filecoin for storage, and has payments handled natively on the Avalanche network.
Since developers can store data archives in a cost-efficient and high-performing way, it can showcase how enterprise applications across industries like finance and healthcare can benefit from blockchain integration.
🔺The bigger picture: Avalanche and Filecoin’s cross-chain bridge could be seen as the next step toward specialized blockchain architectures, something that can be compared to custom Avalanche layer-1s. This approach can create more enhanced features for environments where networks are able to handle specific functions.
In general, Avalanche has released network upgrades and provided resources for users and developers to launch application specific networks. This bridge is designed to be no different and enhance Avalanche's interoperability features to make it easier to build complex applications. It can act as a way where data remains accessible and verifiable long-term.
Scaling the ecosystem
Gunzilla: 16.48M (-6.98%)
Pulsar: 5.2M (-11.26%)
DeFi Kingdoms: 4.4M (+8.38%)
FIFA announced it will create its own Avalanche L1, FIFA Blockchain, to bring its digital football collectibles onchain
Enclave Markets integrated leverage trading for RWAs to its Avalanche-powered exchange
EVEN, a fan music platform, announced it will launch its own Avalanche L1
Stablecoin market cap for Avalanche rose 3.5% on the week to $1.86B, DefiLlama data shows
Elixir’s market cap for its stablecoin deUSD on the network is up more than 23% to $40.8M
Monthly active addresses on Avalanche reached an all-time high of 2.2M (shown below)
Source: Artemis
Active L1s: 64
Total L1 validators: 681
Total blockchains created in the Avalanche network: 67
Total staked across L1s: 389,109 AVAX
Distribution of L1s by category. Source: Snowpeer
AVAX community wins
Check out all the panels that took place from Avalanche Summit
Draftables shared its fantasy football tournament will take place on The Arena
PLYR announced its new web3 game, SPEEDINK, will be released in July 2025
Haunted Space received support from Epic MegaGrant, an investment program by Epic Games for the development of 3D games
Avalanche Archives
Here’s Avalanche-based articles that made headlines this week.
CoinDesk Live at Avalanche Summit 2025 | From Napster and LimeWire to Ava Labs: Emin Gün Sirer's Crypto Journey (CoinDesk)
'Off the Grid' NFT Sales Heating Up as Avalanche Game Plots Expansion to Steam (Decrypt)
FIFA taps Avalanche for own EVM-compatible network, plans to migrate NFT collection from Algorand and Polygon (The Block)
Check out the Avalanche blog for more updates.
Join in the fun
Want to dive deeper into Avalanche?
Avalanche’s startup incubator, Codebase, is hosting its Season 3 Demo Day - learn more about Season 4 of the program here
MapleStory U’s Coin Mount Shine campaign is live until June 13 - see details here
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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.