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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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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.

November 2nd 2021

73 Retweets393 Likes
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.

November 2nd 2021

6 Retweets152 Likes

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 @avalancheavaxAvalanche 🔺 @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!
Burned 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.burnedavax.com

November 2nd 2021

200 Retweets831 Likes

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

Twitter avatar for @Ahnor_BlockNicolas 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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November 3rd 2021

69 Retweets155 Likes

Based Emin dropping the alpha in plain sight.

Twitter avatar for @el33th4xorEmin Gün Sirer🔺 @el33th4xor
This is a list where being lower indicates a better opportunity.

./kevinsekniqi/metachain 🔺 @kevinsekniqi

Avalanche going ballistic. Only 1.65 Mcap/TVL. https://t.co/YXL84DGgBM

November 2nd 2021

56 Retweets358 Likes
Twitter avatar for @kevinsekniqi./kevinsekniqi/metachain 🔺 @kevinsekniqi
Avalanche going ballistic. Only 1.65 Mcap/TVL.
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November 2nd 2021

55 Retweets469 Likes

Another neat summary from Seq 🔺

Twitter avatar for @CryptoSeqSeq 🔺 🪐 @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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Jay Kurahashi-Sofue 🔺 @jayks17

$14B TVL https://t.co/qx1n4Y7xTY

November 2nd 2021

42 Retweets209 Likes

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

Twitter avatar for @protocol432Protocol 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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November 3rd 2021

6 Retweets29 Likes

Avalanche are seeing many records broken in different metrics.

Twitter avatar for @avalancheavaxAvalanche 🔺 @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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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

November 2nd 2021

199 Retweets793 Likes

Soon?

Twitter avatar for @zhusuZhu Su 🔺 @zhusu
#avalanche ath in users, ath in transactions When ath in price? $AVAX

October 26th 2021

150 Retweets1,658 Likes

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

Twitter avatar for @el33th4xorEmin Gün Sirer🔺 @el33th4xor
This is a big deal. Avalanche Developers and Investors Form $200M ‘Blizzard’ Investment Fund
coindesk.com/tech/2021/11/0… via @CoinDeskAvalanche 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.coindesk.com

November 1st 2021

116 Retweets641 Likes

A long list of reasons to be fundamentally bullish.

Twitter avatar for @CryptoSeqSeq 🔺 🪐 @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
Avalanche 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…cryptoseq.medium.com

October 11th 2021

137 Retweets443 Likes

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

Twitter avatar for @RagerRager 📈 @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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November 3rd 2021

9 Retweets75 Likes

Cycle target from satsdart.

Twitter avatar for @satsdartsatsdart 🔺 @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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November 2nd 2021

67 Retweets638 Likes

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?

November 2nd 2021

32 Retweets299 Likes

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 @CryptoMessiahAd_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

BurrΞtt @Burr_Ett

@CryptoMessiah Shit I have to learn Avax, I feel fomo

October 30th 2021

5 Retweets133 Likes

A final warning:

Twitter avatar for @DastardlyDaniel𝔻𝕒𝕟 🔺 (🚜,🚜) @DastardlyDaniel
it's over for no-avaxxers

November 3rd 2021

5 Retweets64 Likes

And that’s your alpha.

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