Avalanche (AVAX) Statistics 2026: Market Cap, TVL, ETFs & Network Data

Avalanche’s market capitalization stood at $4.04 billion with 431.77 million AVAX circulating on May 16, 2026, per CoinGecko. The spot token trades 93.5% below its November 21, 2021, all-time high of $144.96, yet four institutional rails crystallized around the asset between November 2025 and May 2026: a Bitwise spot ETF, a Grayscale staking ETF, CME-listed futures, and a public-company treasury holding more than 13.8 million AVAX.

The data below spans price, supply, total value locked, top protocols, stablecoins, throughput, the Avalanche9000 upgrade impact, validator economics, the 69-L1 ecosystem, fee burns, ETFs, futures, real-world-asset tokenization, treasury accumulation, and developer activity.

Key Takeaways

• Avalanche’s chain-level TVL reached $636.42 million, ranking the network #13 out of 446 chains tracked by DefiLlama on May 16, 2026.
• USD-pegged stablecoins on Avalanche have a combined market capitalization of $1.43 billion, dominated by USDT and USDC.
• Cumulative AVAX burned to network fees crossed 5.07 million AVAX across the P-, X-, and C-Chains, per burnedavax.com.
• Bitwise launched its spot Avalanche ETF (ticker BAVA) on NYSE on April 15, 2026, with a 0.34% sponsor fee and a target staking yield of 5.4%.
• AVAX One built a public-company treasury holding over 13.8 million AVAX, purchased for $110 million at a weighted average purchase price of approximately $11.73 between November 5 and 23, 2025.
• DefiLlama tracks 78 protocols on Avalanche with more than $1 million in chain-attributable TVL.
• CME Group’s first AVAX and Micro AVAX futures block trades cleared on May 6, 2026, between FalconX and G-20 Group.

Editor’s Choice

• AVAX market capitalization sits at $4.04 billion, ranked #29 among all crypto assets.
• Spot AVAX trades near $9.34, representing a -60.93% 1-year change versus May 2025.
• The Snowtrace explorer has indexed 3.54 billion lifetime C-Chain transactions since the network launched.
• 624 validators secure the broader Avalanche L1 ecosystem, with 612 validators specifically on the C-Chain.
• AVAX has a hard-capped supply of 720 million tokens, of which roughly 60% is circulating.
• Avalanche tracks 69 L1 chains across General, Gaming, Finance, and SocialFi categories on Builder Hub.
• AVAX One’s $110 million AVAX accumulation in November 2025 set the largest single corporate treasury commitment to the network on record.

Recent Developments

• May 6, 2026: CME Group announced first block trades of its new Avalanche (AVAX) and Sui (SUI) futures were executed as blocks between FalconX and G-20 Group.
• May 4, 2026: CME Avalanche (AVAX) and Sui (SUI) futures went live for trading, pending regulatory review per the April 7 announcement.
• April 15, 2026: Bitwise Asset Management launched its spot Avalanche ETF (BAVA) on the New York Stock Exchange, becoming the first U.S.-listed AVAX product to manage staking internally.
• April 7, 2026: CME Group announced plans to add AVAX futures (5,000 AVAX) and Micro AVAX futures (500 AVAX) to its regulated crypto derivatives suite.
• March 12, 2026: Grayscale debuted its AVAX Avalanche Staking ETF on Nasdaq following its updated S-1 filing from December 2025.
• November 23, 2025: AVAX One announced cumulative treasury holdings of more than 13.8 million AVAX after a $110 million accumulation between November 5 and 23, 2025.

AVAX Price and Market Cap Statistics

• AVAX spot price: $9.34 on May 16, 2026.
• Market capitalization: $4.04 billion, ranking #29 globally.
• 24-hour trading volume: $202.32 million.
• All-time high: $144.96 on November 21, 2021 (now -93.5% from peak).
• All-time low: $2.80 on December 31, 2020.
• 24-hour price change: -4.59%.
• 7-day price change: -6.13%.
• 30-day price change: -1.89%.
• 1-year price change: -60.93%.

Source: CoinGecko

Adoption metrics and price tell different stories: transactions, validator counts, and ETF flows kept growing through the 60% annual decline.

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AVAX Supply and Tokenomics

• Circulating supply: 431.77 million AVAX, roughly 60% of the protocol’s hard cap.
• Total supply: 463.44 million AVAX (issued but partially staked or locked).
• Maximum supply: 720 million AVAX, a hard cap defined in the protocol.
• Fully diluted valuation: $4.33 billion at the current spot price.
• AVAX is deflationary in fee economics: all transaction fees on Avalanche are burned, a design that offsets new issuance from staking rewards.

AVAX’s distribution model evolved from a 2020 ICO that raised approximately $42 million within hours, with subsequent token allocations to validators, ecosystem grants, and foundation reserves. The 60% circulating-to-max ratio places AVAX in roughly the same emission stage as 2023-era Solana.

Avalanche Network TVL and DeFi Statistics

• Avalanche chain TVL: $636.42 million on May 16, 2026, per DefiLlama.
• Chain rank by TVL: #13 out of 446 chains tracked by DefiLlama.
• Comparison to the top 5: Ethereum leads with $44.36 billion, followed by Solana $5.92 billion, BSC $5.59 billion, Bitcoin $5.20 billion, and Tron $5.11 billion.
• Protocols above $1 million TVL on Avalanche: 78 distinct protocols.

Source: DefiLlama

For a broader sector context, see CoinLaw’s DeFi market data page, which tracks total industry TVL across all chains and categories.

Top Protocols on Avalanche by TVL

Of the 78 protocols holding more than $1 million in Avalanche-attributable TVL, the top tier mixes centralized exchange deposits, lending protocols, real-world-asset platforms, and a single liquid-staking pool. Decentralized exchanges enter the list only at positions 12 and 14.

Key cohort breakdown of the top 15: Aave V3 leads on-chain DeFi at $331.54 million, while Benqi Staked Avax tops liquid staking at $253.71 million. The CEX deposit pools at Binance ($393.59 million), Bitfinex ($150.05 million), and Bybit ($127.20 million) outweigh native lending, a structural feature DefiLlama treats as “chain TVL” because the assets sit on Avalanche addresses.

For the underlying exchange context, see CoinLaw’s crypto exchange market data page, which tracks deposit-pool dynamics across the largest venues.

By the numbers: RWA platforms on Avalanche now hold approximately $582.6 million in combined TVL across BlackRock BUIDL ($188.63 million), Centrifuge ($258.60 million), and OpenTrade ($135.38 million). That cluster is roughly 91.5% of Avalanche’s native DeFi TVL excluding CEX deposits, a structural tilt no other top-15 chain shows in 2026.

Stablecoin Market on Avalanche

• USD-pegged stablecoin market cap on Avalanche: $1.43 billion.
• EUR-pegged stablecoin issuance: $7.03 million.
• JPY-pegged stablecoins: $2.20 million.
• SGD-pegged stablecoins: $1.61 million.
• CHF-pegged stablecoins: $694,850.

The USD cluster on Avalanche is dominated by USDT and Circle’s USDC, issuers that natively maintain Avalanche deployments alongside Ethereum, Solana, and Tron. For comparative scope across all chains, see CoinLaw’s Stablecoin pillar.

The $1.43 billion stablecoin float on Avalanche exceeds the chain’s $636 million DeFi TVL, meaning more stablecoin liquidity sits on Avalanche addresses than the chain’s own protocols can absorb. That mismatch favors CEX-routed flow over on-chain DeFi.

Avalanche Network Throughput and Transactions

• Cumulative C-Chain transactions: 3.54 billion since network launch.
• Live throughput (Snowtrace, May 16, 2026): 36.9 TPS on the C-Chain.
• Average C-Chain TPS (Builder Hub, 24-hour rolling): 2.21 TPS.
• Daily C-Chain transactions: 191,109 on May 16, 2026.
• Daily C-Chain active addresses: 2,532,929.
• 14-day cumulative transactions across the network: 58.77 million.
• Median C-Chain gas price: 0 nAVAX (approximately $0.068 per transaction).

Source: Snowtrace, Avalanche Builder Hub

How fast is Avalanche compared to Ethereum or Solana?

Avalanche’s C-Chain processed 191,109 transactions on May 16, 2026, at an average of 2.21 TPS, with a current network throughput of 36.9 TPS per Snowtrace. Ethereum’s base layer handles 12 to 15 TPS; Solana exceeds 1,500 TPS. Avalanche sits in the middle with sub-cent fees post-Avalanche9000.

For the wallet-side access pattern, MetaMask remains the most-used non-custodial gateway to the C-Chain; see CoinLaw’s MetaMask wallet data for daily user counts.

Avalanche9000 Upgrade Impact

Avalanche9000 went live on the mainnet on December 16, 2024, and shipped ACP-125, which restructured the C-Chain fee model.

• ACP-125 lowered the base fee on the C-Chain from 25 nAVAX to 1 nAVAX (a 25-to-1 reduction in the base fee unit).
• Post-upgrade gas fees averaged roughly 75% lower than the months prior.
• Transaction count rose 38% to an average of 354,691 daily after the upgrade.

What was the Avalanche9000 upgrade, and how did it change Avalanche network economics?

Avalanche9000 launched on December 16, 2024, and shipped ACP-125, which reduced the C-Chain base fee from 25 nAVAX to 1 nAVAX (a billionth of an AVAX). The upgrade lowered gas fees roughly 75%, and transaction count climbed 38% to 354,691 daily.

Avalanche9000 scaled the chain’s throughput and ecosystem footprint, but TVL did not respond proportionally. At $636 million, the chain’s DeFi capital base sits well below where the architecture could support, a divergence that frames the institutional rail thesis below.

Avalanche Validator and Staking Statistics

• C-Chain validators: 612 as of May 16, 2026.
• Total Avalanche L1 validators across all 69 chains: 624.
• Daily validation fees paid: 14,524 AVAX.
• All-time validation fees paid: 14,500 AVAX (cumulative across L1s).
• Average AVAX staking yield: 5.4% as of April 13, 2026 (per Bitwise BAVA disclosure).

Source: Avalanche Builder Hub, subnets.avax.network, Bitwise BAVA disclosure

Avalanche L1 (Subnet) Ecosystem Statistics

• L1 chains tracked on Builder Hub: 69 total.
• Active mainnet L1s: 52 tracked at subnets.avax.network.
• Combined daily transactions across all L1s: 238.4 thousand.
• Combined throughput across L1s: 39 TPS.
• AvaCloud-managed L1s: 67 AvaCloud-managed L1s.
• Category split on Builder Hub: 48 General, 8 Gaming, 4 Finance, 2 SocialFi.

Top L1s by daily activity beyond the C-Chain show the concentration pattern clearly.

Source: Avalanche Builder Hub

The concentration is striking: the C-Chain runs 2.21 TPS with 2.53 million daily addresses, while the next-largest L1 (Gunzilla) records 31,917 daily addresses at 0.21 TPS. Subnets exist as infrastructure, but the bulk of Avalanche’s economic activity has not migrated off the primary chain.

Gaming-category L1s such as Gunzilla and Henesys sit adjacent to broader on-chain gaming and digital-collectibles activity; for the consumer-side trajectory, see CoinLaw’s NFT marketplaces statistics page.

AVAX Burn and Fee Statistics

• Cumulative AVAX burned (all chains): 5,069,702 AVAX.
• C-Chain burn share: 5,008,803 AVAX (over 98.8% of total burns).
• X-Chain burn share: 45,600 AVAX.
• P-Chain burn share: 15,298 AVAX.
• Burned AVAX represents roughly $47 million in cumulative fee burns at the May 16, 2026 spot price, a deflationary offset that scales with both transaction throughput and AVAX market value.

All fees on Avalanche are burned rather than distributed to validators, a design that introduces a deflationary offset against new issuance from staking rewards.

Avalanche ETF Statistics

Bitwise launched the spot Avalanche ETF (BAVA) on the New York Stock Exchange on April 15, 2026, as the first U.S.-listed AVAX product to manage staking internally.

• Ticker: BAVA, listed on NYSE on April 15, 2026.
• Sponsor fee: 0.34%.
• Fee waiver: waived entirely for the first month on the first $500 million in assets.
• Staked share: approximately 70% of the fund AVAX staked through Bitwise Onchain Solutions.
• Liquidity reserve: 30% held unstaked to handle redemptions.
• Target staking yield: 5.4% as of April 13, 2026.
• Day-1 trading volume: $400,000 within the first 90 minutes.
• Bitwise ETP suite (May 2026): BAVA listed alongside BITW (10 Crypto Index), BITB (Bitcoin), CLNK (Chainlink), BWOW (Dogecoin), ETHW (Ethereum), BHYP (Hyperliquid), BSOL (Solana Staking), and XRP.

Source: Bitwise disclosure (Parameter coverage), Grayscale, CoinLaw archive

What ETFs hold Avalanche (AVAX)?

Bitwise’s BAVA launched on NYSE on April 15, 2026, as the first U.S.-listed AVAX product to manage staking internally. Grayscale debuted its AVAX Staking ETF on Nasdaq on March 12, 2026; VanEck’s Avalanche ETF remains pending SEC review. For regulatory context, see SEC crypto enforcement data.

CME Group AVAX Futures Statistics

• CME AVAX futures launch date: May 4, 2026 (pending regulatory review per the April 7 announcement).
• First block trades cleared: May 6, 2026, between FalconX and G-20 Group.
• Standard contract size: 5,000 AVAX.
• Micro contract size: 500 AVAX.
• Settlement: cash settlement (no physical delivery).
• Companion contracts launched in the same window: SUI futures (50,000 SUI) and Micro SUI futures (5,000 SUI).
• CME’s broader crypto futures ADV: March 2026 average daily volume up 19% year-over-year, with nearly $8 billion in average notional value traded daily.
• 24/7 trading transition: CME cryptocurrency futures and options moved to 24-hour, 7-day availability starting May 29, 2026.

Source: CME Group press releases

Two major trends we see are the growth of broader altcoin indices for crypto exposure and Digital Asset Treasuries’ accumulation of assets like AVAX and SUI on behalf of shareholders, said Joshua Lim, Global Co-head of Markets at FalconX, on the May 6 announcement of first trades.

Avalanche RWA (Real-World Asset) Statistics

• Tokenized assets on Avalanche (excluding stablecoins): approximately $1.35 billion by late January 2026.
• RWA growth rate: roughly 10x growth from January 2025.
• BlackRock BUIDL on Avalanche: $188.63 million in chain-attributable TVL.
• Centrifuge Protocol on Avalanche: $258.60 million.
• OpenTrade on Avalanche: $135.38 million.
• Grove Finance (Onchain Capital Allocator): $258.66 million.
• Cross-chain reach: BUIDL trades on seven blockchains (Ethereum, Solana, Avalanche, Arbitrum, Aptos, and others); Centrifuge V3 is deployed on eight networks, including Avalanche.

The RWA composition on Avalanche distinguishes the chain from peer L1s. Solana and Ethereum dominate retail DEX volume; Avalanche has built a niche around institutional-asset settlement that the 78-protocol profile reflects.

AVAX Treasury Companies and Institutional Holdings

AVAX One, a public company formerly known as AgriFORCE Growing Systems, completed a corporate rebrand to AVAX One and ticker change from AGRI to AVX on November 12, 2025, and began accumulating a digital-asset treasury.

• Total AVAX One holdings: more than 13.8 million AVAX as of November 23, 2025.
• November 2025 accumulation: 9,377,475 additional AVAX acquired between November 5 and 23, 2025, for an aggregate consideration of $110 million.
• Weighted average purchase price: approximately $11.73 per AVAX.
• Retained cash position: approximately $35 million in cash.
• Stated capital plan: plans to raise up to $550 million to scale AVAX holdings and execute share buybacks.
• Leadership: Jolie Kahn (Chief Executive Officer), Matt Zhang (Chairman of the Board).

Since launching our treasury strategy earlier this month, we have rapidly accumulated more than 13.8 million AVAX and completed our corporate rebrand, said Jolie Kahn, Chief Executive Officer of AVAX One.

AVAX One sits alongside the growing list of crypto-asset treasury vehicles, companies whose primary public-equity thesis rests on accumulating a single token. For the broader institutional-investor context, see CoinLaw’s hedge fund statistics page tracking allocation patterns across crypto-native and traditional managers.

Why it matters: Bitwise BAVA (April 15, 2026), Grayscale’s AVAX staking ETF (March 12, 2026), CME AVAX futures (May 6, 2026), and AVAX One’s $110 million treasury accumulation (November 2025) all crystallized while AVAX traded between $9 and $12. Institutional product surface tripled in six months around a price-flat asset, a pattern that competing chains have not matched in the same window.

Avalanche Developer Activity and Ecosystem Statistics

The ava-labs/avalanchego GitHub repository is the canonical implementation of the Avalanche consensus engine and primary network.

• GitHub stars: 2,100.
• Forks: 655.
• Total issues filed: 767.
• Closed issues: 629 (closure rate ~82%).
• Pull requests merged: 1,544.
• Pull-request contributors: 75.
• Commits past 4 weeks: 50.

Conclusion

Avalanche enters mid-2026 with a market cap of $4.04 billion, $636.42 million in chain-level TVL, 5,069,702 AVAX burned to network fees, and 78 protocols above the $1 million TVL threshold. The chain’s architecture scaled faster than its capital base, and its 2026 identity sits closer to institutional-asset settlement than to retail DeFi.

The institutional product layer thickened between November 2025 and May 2026. AVAX One accumulated more than 13.8 million AVAX for $110 million, Bitwise launched BAVA on NYSE, and CME’s AVAX futures cleared first trades on May 6, 2026. For the broader audience-side trajectory across the asset class, see CoinLaw’s crypto user demographics statistics page.