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$AVAX ready to dominate?

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$AVAX ready to dominate?

Avalanche hits ATH in user activity, wallet addresses and total transactions

Aylo
Nov 3, 2021
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$AVAX ready to dominate?

alphapls.substack.com

Welcome to the sixth Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.

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Let’s talk Avalanche. For those unfamiliar with it, here’s the TLDR explainer:

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.

For a layer 1 that has only been live on mainnet for around 12 months the speed with which Avalanche is gaining adoption is staggering.

Here’s our compilation of the most recent alpha. No $AVAXers may want to read carefully.

Kevin Sekniqi is the COO of Ava Labs. You know when someone starts with “Alright real talk” it’s probably worth paying attention to.

Twitter avatar for @kevinsekniqi
./kevinsekniqi/metachain 🔺 @kevinsekniqi
Alright real talk. No single monolithic chain can handle DeFi + gaming + fan tokens + NFTs + all the other insane things that Web3 will bring if DAU goes in the big leagues. The only one that's future proof on this stuff is Avalanche. I say this earnestly. No shilling.
9:38 PM ∙ Nov 2, 2021
393Likes73Retweets
Twitter avatar for @kevinsekniqi
./kevinsekniqi/metachain 🔺 @kevinsekniqi
That's the dirty secret. Without a proper horizontally scalable L1 infra (such as Avalanche subnets), we're going to hit unreasonable fees instantly. I cannot emphasize enough how unprepared non-Avalanche ecosystems are *if* they ought to bring 100M+ DAU.
9:40 PM ∙ Nov 2, 2021
152Likes6Retweets

We all like sound money, so in case you weren’t aware $AVAX is deflationary with just over 341,000 burned so far.

Twitter avatar for @avalancheavax
Avalanche 🔺 @avalancheavax
Avalanche burns all transaction fees, making #AVAX a deflationary token with a fixed supply cap. All holders benefit when people use the platform. Track how much AVAX is burned here!
burnedavax.comBurned AVAX: Total AVAX Burned on AvalancheAVAX is the native token of Avalanche. It’s a hard-capped, scarce asset that is used to pay for fees. All fees on Avalanche are burned, benefiting everyone in the community.
9:00 PM ∙ Nov 2, 2021
831Likes200Retweets

Nicolas chucks some numbers into the mix, envisioning a scenario where just under 12 million $AVAX is burned a year.

Twitter avatar for @Ahnor_Block
Nicolas Lemaitre 🔺 @Ahnor_Block
gm & gb #Avalanche Let's talk about the #AVAX burning mecanism for a minute. Image we have 150 TPS on a regular basis, how much AVAX is burned in a year? 0.0025(fees/tx) *150(tps) *3600(sec in an hour) *24(h/day) *365(day/year)= 11,826,000 $AVAX burned /year Probably nothing
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11:14 AM ∙ Nov 3, 2021
155Likes69Retweets

Based Emin dropping the alpha in plain sight.

Twitter avatar for @el33th4xor
Emin Gün Sirer🔺 @el33th4xor
This is a list where being lower indicates a better opportunity.
Twitter avatar for @kevinsekniqi
./kevinsekniqi/metachain 🔺 @kevinsekniqi
Avalanche going ballistic. Only 1.65 Mcap/TVL. https://t.co/YXL84DGgBM
4:24 PM ∙ Nov 2, 2021
358Likes56Retweets
Twitter avatar for @kevinsekniqi
./kevinsekniqi/metachain 🔺 @kevinsekniqi
Avalanche going ballistic. Only 1.65 Mcap/TVL.
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4:23 PM ∙ Nov 2, 2021
469Likes55Retweets

Another neat summary from Seq 🔺

Twitter avatar for @CryptoSeq
Seq 🔺 🪐 @CryptoSeq
There is nearly as much TVL on Avalanche as the entire market cap of $AVAX 👀 #AVAX has a fixed capped supply like #Bitcoin but all transaction fees are 🔥 increasing scarcity. AVAX has incredible utility compared to other projects. See this article 👉medium.com/avalanche-hub/…
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Twitter avatar for @jayks17
Jay Kurahashi-Sofue 🔺 @jayks17
$14B TVL https://t.co/qx1n4Y7xTY
1:10 PM ∙ Nov 2, 2021
209Likes42Retweets

A few charts from Protocol 432 that highlight the flywheel which leads to exponential growth and adoption.

Twitter avatar for @protocol432
Protocol 432 🐸 (🧊,🧊) 🔺 @protocol432
Fascinated by the growth of @avalancheavax 👀 Daily transactions count is leading the way with daily active addresses. C-Chain contract deployments are catching up as user demand drives the narrative for adoption. Flywheel: ⭕️ New Users -> Developers -> New dApps -> New Users
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2:31 PM ∙ Nov 3, 2021
29Likes6Retweets

Avalanche are seeing many records broken in different metrics.

Twitter avatar for @avalancheavax
Avalanche 🔺 @avalancheavax
New ATHs in user activity, total transactions, wallet addresses, and assets transferred over the bridge. Avautumn is the season of growth 🔺 Learn more about the exciting activity happening on #Avalanche ecosystem.avax.network
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Twitter avatar for @avalancheavax
Avalanche 🔺 @avalancheavax
Moving fast and blowing past 350k like it's nothing. People care about apps built on high-performance, green blockchains. Learn more about Avalanche! https://t.co/CP6ZoxfI3Y https://t.co/9YOetE7uml https://t.co/CuyMpLmexg
6:48 PM ∙ Nov 2, 2021
793Likes199Retweets

Soon?

Twitter avatar for @zhusu
Zhu Su 🔺 @zhusu
#avalanche ath in users, ath in transactions When ath in price? $AVAX
12:03 AM ∙ Oct 26, 2021
1,658Likes150Retweets

Another very recent development which is bound to increase the speed of adoption of the whole Avalanche ecosystem:

Twitter avatar for @el33th4xor
Emin Gün Sirer🔺 @el33th4xor
This is a big deal. Avalanche Developers and Investors Form $200M ‘Blizzard’ Investment Fund coindesk.com/tech/2021/11/0… via @CoinDesk
coindesk.comAvalanche Developers and Investors Form $200M ‘Blizzard’ Investment FundThe early-stage investment firm and incubator will be operated by former Ava Labs and Avalanche Foundation staff.
8:26 PM ∙ Nov 1, 2021
641Likes116Retweets

A long list of reasons to be fundamentally bullish.

Twitter avatar for @CryptoSeq
Seq 🔺 🪐 @CryptoSeq
Coming to #Avalanche soon: Bridges to L1s Subnets Avalanche V2 Enterprise Partnerships Private Capital Markets ILOs Real Estate Exchange Listings Major DeFi Blue Chips NFT Marketplace & Metaverse MMORPG Perpetual Futures CLOB DEX $600+ Million Incentives
cryptoseq.medium.comAvalanche Looks Set for Exponential Growth with Subnets, Enterprise Partnerships, Defi Blue Chips…Avalanche Autumn and Avalanche Rush has officially begun with $650+ Million in incentives, the largest DeFi Blue Chip protocols launching on Avalanche, Coinbase listing, cheaper fees, tech upgrades…
6:00 AM ∙ Oct 11, 2021
443Likes137Retweets

What’s the TA saying? $AVAX is sitting just below all time highs and looking ready for a move up.

Twitter avatar for @Rager
Rager 📈 @Rager
$AVAX Ranging between these levels for a while Breaking and close back above $70+ on the daily chart likely leads to retest of previous highs
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2:28 AM ∙ Nov 3, 2021
75Likes9Retweets

Cycle target from satsdart.

Twitter avatar for @satsdart
satsdart 🔺 @satsdart
at a minimum i think avax will go to $200 this cycle, depending on how high other stuff goes could of course be way higher above 70 it gets sent
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8:15 PM ∙ Nov 2, 2021
638Likes67Retweets

Here’s another elevator pitch from game developer Jon on why using Avalanche is a no brainer.

Twitter avatar for @jradoff
👾Jon Radoff 🎮 @jradoff
@avalancheavax DeFi experience on Avalanche is truly game-changing. Nearly instant finality and low costs. Pangolin is perfect, and the Aave lending pools are great with their low costs on Avax. Why would anyone do anything else?
6:54 PM ∙ Nov 2, 2021
299Likes32Retweets

Some of you might be reading this and be thinking “damn, I need to learn another layer 1”. Fear not, getting started with Avalanche is not a daunting task:

Twitter avatar for @CryptoMessiah
Ad_Infinitum 🔺 @CryptoMessiah
Nothing to learn. It's evm. If you know ethereum you know avalanche. Think of it like this...it's exactly the same as $eth, but $Avax is the gas. Also fast and cheap. https://t.co/M8k0ydI0sz
Twitter avatar for @Burr_Ett
BurrΞtt @Burr_Ett
@CryptoMessiah Shit I have to learn Avax, I feel fomo
5:37 AM ∙ Oct 30, 2021
133Likes5Retweets

A final warning:

Twitter avatar for @DastardlyDaniel
𝔻𝕒𝕟 🔺 (🚜,🚜) @DastardlyDaniel
it's over for no-avaxxers
4:23 PM ∙ Nov 3, 2021
64Likes5Retweets

And that’s your alpha.

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$AVAX ready to dominate?

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