Sierra launches Liquid Yield Token on Avalanche as RWAs heat up
Avalanche Weekly Overview - November 19, 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): $1.24B (-13.20%)
Avalanche C-Chain daily txns: 1.7M (-29.17%)
Max transactions per second: 680 (+108.59%)
Total Avalanche validators: 819 (-6.08%)
Total Avalanche L1s: 396 (+1.28%)
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: Sierra, a new protocol that uses OpenTrade to generate yield backed by real-world assets, has launched on Avalanche.
🔺Why it matters: Sierra brings the SIERRA token, a Liquid Yield Token (LYT) designed to deliver a transparent way for users to earn yield without lockups, staking complexity, or hidden fees.
Leveraging OpenTrade’s yield-as-a-service infrastructure, LYT is a diversified, yield-bearing asset that blends real-world assets like U.S. Treasury money-market funds and commercial paper with protocols like Aave, Morpho, and Pendle.
Like other yield-bearing tokens, SIERRA generates returns from a professionally managed reserve portfolio, but dynamically allocates between regulated off-chain RWAs and onchain DeFi protocols. This allows the product to adjust in real time to market conditions while keeping everything fully transparent and redeemable instantly.
This launch expands Avalanche’s enterprise contributions as OpenTrade’s infrastructure acts as a bridge between TradFi balance sheets and onchain liquidity. As a result, it can be used to attract global fintechs and exchanges that want compliant, high-performance rails for real-world yield at scale.
🔺The bigger picture: According to Avalanche data, RWA value on the network has increased by 389% to $916 million so far this year. With Sierra, Avalanche’s RWA focus gains another institutional-grade layer that brings both depth and diversity.
Sierra’s product provides instant exposure to a blended portfolio that seeks to outperform single-strategy products. This, in turn, showcases how Avalanche can handle complex, regulated products as it competes with traditional money-market funds.
Chart Of The Week
Avalanche C-Chain saw 440.9K daily active senders on Nov. 14, a new high for 2025.
Scaling the Ecosystem
Token Relations’ Avalanche Dashboard shows:
Unique active wallets on Pharaoh Exchange surged 1,295% to 1.7K over the past seven days
Avalanche C-Chain’s active addresses in the week ending Nov. 16 hit 2.2M, the most this year
Active addressees on Bnry’s Avalanche L1 increased 46% to 13.3M over the past seven days
Avalanche Battle Pass S2 saw 71K OpenSea mints, 26K players completed, and included more than 77K missions featuring ecosystem games
Avalanche deployed its Granite Upgrade on Nov. 19, enabling dynamic block times and enhanced Interchain Messaging verification
AVAX Community Wins
The Arena spoke with Core Wallet about how the two teams help expand Avalache’s reach in SocialFi
Blaze Chain deployed a USDC/BLAZE Automated Market Maker, bringing more onchain liquidity for creator payouts
Avant released updated rewards for the platform’s wrapped USD, BTC and ETH pairs
Avalanche Archives
Developments that made headlines this week:
State of Avalanche Q3 2025 (Messari)
Avalanche Blockchain Eyes New Upgrade as Investors Withdraw $1.4bn from DeFi Sector (DL News)
$40,000 on the Line: Core Wallet Partners with Avalanche Ecosystem Projects for Onchain Quest (Avalanche Team1)
Check out the Avalanche blog for more updates.
Join In The Fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
Sign up for the Avalanche x402 Payments Hackathon for a chance at a $25K prize pool
Check out the Avalanche merch store
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This product was built by Token Relations.
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.