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: $25.31 (+31.34%)
Max transactions per second: 1,167.2 (+402.67%)
Network’s 7-day total transactions: 51.27M (+122.72%)
Avalanche C-Chain daily txns: 407.6K (-2.58%)
DeFiLlama’s Avalanche TVL: $1.53B (+16.8%)
Aave: $763.89M (+12.90%)
BENQI: $616.99M (+27.42%)
LFJ: $122.7M (+17.21%)
These metrics are based on a 7-day time frame, unless noted otherwise.
Inside the network
🔺What we’re watching: VanEck and Securitize launched VBILL, a tokenized U.S. Treasury fund, on four blockchains, including Avalanche.
🔺Why it matters: VanEck's decision to include Avalanche as one the blockchains, alongside Ethereum, Solana and BNB Chain, for VBILL shows its commitment and trust of the network to distribute financial products onchain.
The minimum investment for the fund on Avalanche is $100,000, compared to $1 million on Ethereum. This lower amount could make the Treasury-backed fund more accessible to individuals and smaller institutions. Even for those who want to participate in onchain markets, but don't have $1 million to start, can buy on Avalanche as an alternative access point.
VBILL is a tokenized fund that is designed to provide investors with secure, real-time access to U.S. Treasury-backed assets. It leverages Securitize’s tokenization services, Wormhole’s cross-chain interoperability and RedStone's oracle network to calculate asset values.
With VBILL launching onchain, this means it is accessible 24/7 by users. In turn, these users can buy in with USDC and redeem their assets anytime, something traditional markets don’t offer as it's closed on weekends and holidays.
According to RWA.xyz, Avalanche supports 27 real-word assets (RWA) on its blockchain. While the release of VBILL won’t be the network’s first entry into the RWA sector, it adds on the amount of institutional grade assets and services in the ecosystem.
🔺The bigger picture: As more institutions build and deploy on Avalanche, the network can prove why it should be a go-to option for companies and users looking for financial onchain options. With the framework of how Avalanche operates, its technical capabilities can make it well-suited for financial applications that need speed and security.
This development aligns with Avalanche's goal of building a platform where all kinds of assets can be created, transferred and traded easily. The partnership with established players like Securitize and State Street Bank, who serves as the custodian for VanEck’s fund, creates a framework that other financial companies can follow.
Scaling the ecosystem
Gunzilla: 17.45M (+17.38%)
Pulsar: 8.53M (+16.10%)
DeFi Kingdoms: 2.39M (-42.81%)
Pixelmon partnered with Ava Labs to release its upcoming flagship mobile game to the Avalanche network
Paradise Tycoon announced it will launch Paradise Chain, an Avalanche L1 dedicated for its web3 gaming ecosystem
Euler reached $91.1M in TVL on Avalanche for its RWA lending protocol, DefiLlama data shows
Avalanche network hit yearly highs in active addresses and daily transactions on May 11 (shown below)
Of the 419.6K active addresses, 385K of them are new wallets on the network, Artemis data reports
Source: Nansen
Active L1s: 60
Total L1 validators: 638
Total blockchains created in the Avalanche network: 63
Total staked across legacy L1s: 357,109 AVAX
Distribution of L1s by category. Source: Snowpeer
AVAX community wins
Unique active wallets on LFJ are up more than 750% on the week to 16.52K, according to DappRadar
Spellborne shared it will be hosting its first PvP tournament from May 22-25 - see details here
Learn how Avant’s bitcoin yield token, avBTC, could expand DeFi opportunities via Avalanche
Haunted Space is hosting a user generated content campaign with up to $100K in rewards
Join in the fun
Want to dive deeper into Avalanche?
Last chance to sign up and attend the Avalanche Summit in London at the Hatfield House from May 20-22 (code: TOKENRELATIONS15 for 15% off)
If you’re heading to the summit, check out these side events:
Summit Padel With Friends on May 19 hosted by Team1 Dao to connect over some padel ball
BritCOQ 2025 on May 20 for the COQ community in collab with Team1 Dao
The Emerald Hour with the GEMx community to discuss RWAs on the network
Owl Explains Crypto Summit on May 22 to learn about global policies around tokenization and more
Avalanche Summit London Hackathon on May 23 for a chance at a $50K prize pool
Applications for Codebase Season 4 are open until June 6, Avalanche’s 10-week long incubator program for founders to build an MVP and launch
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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.