Avalanche Ecosystem (AVAX): The fastest smart contracts platform

    ByDua Luoi
    Sep 15, 2022

    Layer-1 blockchains and bitcoin in general had a banner year in 2021. Although Ethereum remains the market leader, other Layer-1 smart contract systems, such as Solana and Binance Smart Chain, are gaining traction as a result of network congestion and other constraints.

    Avalanche (AVAX) is perhaps the most well-known of the layer-1 blockchain initiatives. Avalanche, which has a market valuation of $20 billion and runs DApps on its network, is still gaining traction in the cryptocurrency world.

    Today's article will go into the Avalanche ecosystem (AVAX) in depth to provide you with an overview and helpful insights into this environment.

    Overview of the Avalanche

    What is Avalanche?

    Avalanche is a groundbreaking blockchain designed to help developers construct and grow decentralized apps (dApps). With advantages like as simpler access for all users of any degree of expertise, the project aims to dethrone Ethereum as the most extensively used smart contract in blockchain ecosystems.


    Avalanche aims to be a global asset exchange where anybody may create, trade, and control any type of asset through smart contracts. The developers have been hard at work on cutting-edge technology in order to offer a network that is quick, has minimal transaction fees, and is scalable.

    Avalanche Highlight Numbers

    • Chain ID: 43114
    • Main Currency: AVAX
    • Monthly Active Address (C-Chain): (January 2022): 800,614
    • Highest transactions per day on C-Chain (January 2022): 1,100,404
    • Avg Transaction Per Month: $1.1M.
    • Average Gas Fee: $0.23 (27173% less expensive than Ethereum fees)
    • Total Market Capitalization: $20B (peaked at $30B)
    • Rank: #12
    • Validators: 1242
    • Total Value Bridged: $1.2B

    Avalanche Ecosystem Overview

    Avalanche has had phenomenal development in just one year. The project, which just published its mainnet towards the end of 2020, has now climbed into the top ten most valuable projects on the market. It is one of the fastest-growing blockchains, with a market value of $30 billion at an all-time high price.


    Since the low in February, the Total Value Locked has risen more than 30%. This occurred as a result of the Platypus conflict and the introduction of many new multi-chain projects on the chain.

    Total TVL Avalanche


    Avalanche has had phenomenal development in just one year. The project, which just published its mainnet towards the end of 2020, has now climbed into the top ten most valuable projects on the market. It is one of the fastest-growing blockchains, with a market value of $30 billion at an all-time high price.

    From the low in February, the Total Value Locked has risen more than 30%. This occurred as a result of the Platypus conflict and the introduction of many new multi-chain projects on the chain.


    Avalanche's Top Total Value Locked DEXes


    The AMM DEX sector on Avalanche has now completely emerged, complete with a variety of features. TraderJoe remains the most popular platform, and it is on its way to becoming a DeFi station, with additional capabilities such as lending. As a result, the Avalanche industry is today extremely competitive.

    A project with remarkable and novel features, such as Platypus, is required to become a prominent AMM DEX in the Avalanche ecosystem (AVAX).

    Lending & Borrowing

    Lending and Borrowing enable the most effective use of financial flow. As a result, in any ecosystem, it is a vital sector.

    Lending & Borrowing Avalanche now represents the majority of the system's overall value locked volume.

    In addition, Avalanche's ecosystem has a number of well-known startups in the Lending & Borrowing space, including IronBank (IB), 88mph (MPH), and Beta Finance (BETA), all of which are growing rapidly.

    Overall, the Lending & Borrowing category still contributes for the majority of the Avalanche ecosystem's Total Value Locked volume. This segment's projects are still developing and providing new features. BenQi has just added the Liquidity Staking tool, while TraderJoe, an AMM-DEX platform, has added the Lending option.


    Avalanche ecosystem's NFT array received greater attention as a result of my efforts. Additionally, other notable initiatives in this category include:

    • Kalao: Kalao (KLO) is an integrated ecosystem for decentralized finance (DeFi) and non-fungible token (NFT) services built on the Avalanche blockchain platform. On Kalao, the NFT marketplace is currently open, allowing users to create, buy, sell, and collect NFTs.
    • Gameswap: Another prominent project, Gameswap, which makes NFTs games and trades NFT games, has also appeared on Avalanche.


    Launchpad has always been a destination that draws a large number of users by offering high-return investment options. Polkastarter, Dao Maker, and Red Kite are just a few examples of successful and profitable launchpads.

    Popular Launchpad platforms in the Avalanche ecosystem include:

    • Avastart: Avalaunch is the ecosystem's first Launchpad project, and it is funded by Ava Labs. Avalaunch has a number of ventures, including the Crabada (Play-to-Earn) game, which has had a significant ROI of over 100x (ATH-price) since IDO.
    • Colony: Colony is a one-of-a-kind launchpad platform that focuses on investing in Avalanche ecosystem early-stage enterprises. The portal also provides liquidity for DeFi protocols, as well as Index values for tracking Avalanche's top projects. The project is a great marriage of the traditional financial model and DeFi, providing investors with several options to get tokens at an early stage for a variety of projects and grow up their portfolios.


    In the period from Q4 of 2021 to Q4 of 2022, GameFi will be a highly popular trend. Gaming ventures now face several obstacles as a result of their short development period.

    Avalanche's GameFi ecosystem


    However, there have been some incredibly successful undertakings in such a short period, such as:

    • Crabada: is a fork of Axies Infinity, a popular game. Crabada, on the other hand, has been a huge success since its introduction and has drawn a large number of people. On Avalaunch's launchpad, this project presently has the greatest ROI.
    • TaleCraft: is a GameFi PvP project based on the Avalanche platform and including card gaming. TaleCraft will be relaunched with new gameplay.
    • Yay Games:  YAY Games is a decentralized game publisher that aggregates games focusing on Play-2-earn, NFTs, and DeFi. The project is considered a blue-chip DeFi-GameFi project and is funded by the Avalanche Rush Program.

    Tokenomics and repetitious gaming are major issues for GameFi initiatives. And Avalanche's initiatives are no exception. This might be a fantastic way to attract new investors in the early stages. However, maintaining user engagement remains a significant difficulty.


    Avalanche is now being used in a variety of derivatives projects, including:

    • GMX: is a spot and derivatives platform that allows traders to trade a variety of large-cap assets with up to 30x leverage and no slippage.
    • Ribbon: is a novel protocol that enables consumers to gain access to crypto-structured DeFi goods. It combines options, futures, and fixed income to optimize the risk-reward profile of a portfolio.
    • Dopex: is a decentralized options exchange that use option pools to allow anybody to purchase or sell options in a capital-efficient and straightforward manner.

    Predictions about Avalanche Ecosystem

    I hope you gained some insight into the Avalanche ecosystem and notable initiatives in this part. It is one of the fastest-growing ecosystems in 2021, with Total Value Locked exceeding Binance Smart Chain at times.

    • Projects like Decentraland and Sandbox are required in the Metaverse category. With the "Internet of Blockchain" infrastructure framework for high multi-chain interoperability, Avalanche could be a potential land in the future of Metaverse construction. New users are flocking to the derivatives category right now. Other ecosystems, such as Solana, have their own projects in the works. We may expect projects to be erected on Avalanche in the near future, as it is one of the largest ecosystems.
    • The public-facing roadmap for Avalanche currently does not have any new information. Large incentive systems like AvalancheRush and Blizzard, on the other hand, are underutilized. The development of DeFi, NFT, and GameFi is expected to continue in the future.


    Finally, that's everything you need to know about Avalanche and its well-designed ecology. We hope you've received useful insight into the crypto market's future possibilities and opportunities, particularly in the Avalanche ecosystem.

    Avalanche Ecosystem (AVAX)- FAQs

    How long does it take Avalanche to finalize transactions?

    Depending on the level of security required, Bitcoin transactions might take anywhere between 30 and 60 minutes to complete, whereas Ethereum transactions can take anywhere between 10 and 15 minutes. Here you may get more details on the rapid finality of Avalanche

    Why is AVAX better than Ethereum?

    Avalanche can now handle 4,500 transactions per second, compared to Ethereum's 15 to 30 transactions per second. Avalanche stands out as the superior platform in terms of scalability and transaction periods as a result of this significant difference.

    Is Avalanche proof of stake?

    A form of Proof of Stake system, on which Avalanche is based, enables flexibility, speed, and interoperability while allowing the network to expand.

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