AVAX One purchases $110M worth of AVAX for its Nasdaq-listed treasury company
Avalanche Weekly Overview - November 26, 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): $1.22B (-4.19%)
Avalanche C-Chain daily txns: 2M (+17.65%)
Max transactions per second: 349 (-48.68%)
Total Avalanche validators: 813 (-0.73%)
Total Avalanche L1s: 397 (+0.25%)
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: Nasdaq-listed AVAX One Technology Ltd. has acquired nearly 9.37 million AVAX tokens, worth about $110 million, this month. This brings its total holdings to over 13.8 million AVAX.
🔺Why it matters: This accumulation was executed at an average price of roughly $11.73 between November 5 and 23, 2025. At current prices, 13.8 million AVAX tokens is worth roughly $190.16 million. The purchase turned the company into one of the largest public corporate holders of AVAX. With these tokens now sitting directly on a US-regulated balance sheet, AVAX One offers traditional investors a compliant way to gain exposure to Avalanche’s token and ecosystem without touching wallets, custodians, or crypto exchanges.
Additionally for institutions bound by strict mandates or guidelines within segments like pensions or endowments, owning AVAX-adjacent stock allows them to gain exposure to Avalanche.
Furthermore, Anthony Scaramucci, founder of SkyBridge Capital and SALT, is a part of AVAX One as a board member. This is especially notable since Scaramucci’s presence and advocacy of the treasury strategy can serve as a pathway to hedge funds, family offices and wealth funds. As a result, there could be an overlap and exposure to these entities due to Scaramucci’s presence in AVAX One.
🔺The bigger picture: Since AVAX One Technology’s holdings are on a balance sheet and have to be publicly reported, it further exposes Avalanche to Wall Street investors. This can create a loop for the crypto-curious minded clientele where higher visibility of AVAX can result in more attention to the chain and asset.
Its press release also states that Avax One still has $35 million in cash on hand and a $40 million stock repurchase program incoming. With this capital, it can put the company in the same category as MicroStrategy, which has seen substantial attention by retail and institutional investors alike.
Chart Of The Week
Pharaoh Exchange, a DEX on Avalanche, hit a new TVL high for the year at $68.9M on Nov. 20.
Scaling the Ecosystem
Token Relations’ Avalanche Dashboard shows:
Since July, the total number of Avalanche L1s have grown 25% to 397
Avalanche C-Chain active addresses hit a six-month high of 541.4K on Nov. 22
Avant USD market cap is up 11% throughout the week to $85.4M
FIFA blockchain high a yearly high for active addresses with 14.5K and transactions with 42.8K on Nov. 20
Record Financial will leverage Avalanche to build a platform that uses stablecoins for transparent, real-time artist payments
Ava Labs Chief Business Officer John Nahas spoke on Talking Tokens about the current market, Avalanche L1s and what’s in store for 2026
AVAX Community Wins
Off The Grid won multiple GAM3S.GG awards: Game of the Year, Best Multiplayer Game, Best Esports Game, Best Action Game, and Best Shooter Game
Pharaoh Exchange and Avant collaborated to create a points program so users can earn rewards for providing liquidity or holding assets on the protocol
Avalanche announced Layer One, a podcast series in collaboration with The Block
Listen to the first episode, featuring Dragonfly Managing Partner Haseeb Qureshi and FinTech Collective General Partner Sean Lippel
Avalanche Archives
The Avalanche developments to make headlines this week:
Avalanche just got an upgrade. Here’s what the Granite upgrade means for the $6bn blockchain (DL News)
Avalanche Battle Pass Season 3 Levels Up With Web2 Hits (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 Codebase Entrepreneur Academy if you want to learn how to build an Avalanche L1
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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.