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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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.

New here? Subscribe here to get updates to your inbox. Every Wednesday.

Avalanche by the numbers

AVAX token price: $43.14 (+27%)

Max transactions per second: 226 (-31.52%)

Network’s total transactions: 24.13M (+9.14%)

Avalanche C-Chain daily txns: 315.8K (+57.74%)

DeFiLlama’s Avalanche TVL: $2B (+49.25%)

Top 3 Avalanche DeFi projects by TVL:

BENQI: $871.66M (+25.07%)

Aave: $483.52M (+6.82%)

LFJ: $153.41M (-1.98%)

These metrics are based on a 7-day time frame, unless noted otherwise.

Inside the network

🔺What we’re watching: Avalanche has rolled out the testnet for its network upgrade, Avalanche9000, to reduce the cost of deploying layer-1 (L1) blockchains. Alongside this, Retro9000 launched to incentivize developers to build onchain applications or adopt L1 solutions.

🔺Why it matters: Avalanche9000 is the chain’s next step to lower the barriers for developers who wish to launch their own L1 blockchain. Historically, deploying an L1 on Avalanche could cost up to $70,000. With Avalanche9000, this cost has decreased significantly to about $1,000, making it far more accessible to developers.

The upgrade will also incorporate interoperability to enable communication between L1s built on the Avalanche network. For instance, a decentralized exchange like Dexalot would be able to interact directly with a web3 game like Off The Grid. This would eliminate the need for bridging solutions or asset exchanges, which could be complex or tedious for users.

Retro9000 was launched as a grant program to incentivize developers building an onchain application. This $40 million initiative encourages users to build their own L1 or educate them how it can benefit their project. Retro9000 showcases Avalanche’s commitment to provide developers the resources they may need in order to deploy an L1 blockchain.

🔺The bigger picture: Avalanche9000 and Retro9000 are part of Avalanche’s broader mission to make blockchain technology more accessible and to educate others about how beneficial it can be. Additionally, traditional web2 games like MapleStory have started to build using Avalanche technology and the deployment of their own L1.

If successful, Avalanche9000 could accelerate blockchain adoption across diverse sectors, bridging web2 and web3 ecosystems and establishing Avalanche as a leader in scalable and interoperable blockchain solutions.

Scaling the ecosystem

Top 3 Avalanche games by 7-day total txns:

Gunzilla Testnet: 19.37M (+9.59%)

Pulsar: 12.46M (+12.85%)

Defi Kingdoms: 4.56M (+2.98%)

Prefer visuals? Ava Labs Head of Socials Avery Bartlett created a video about Avalanche9000

Read about Retro9000 and how to participate in this thread on X by the Avalanche Foundation

Off The Grid joined Nvidia GeForce NOW so users can play it without needing to meet hardware requirements

L1 Stats

Active L1s: 39

L1 validators: 258

Total L1 validators: 1,587

Total blockchains created in the Avalanche network: 111

Total staked across Subnets: 520,277 AVAX

Distribution of L1s by category. Source: Snowpeer

AVAX community wins

Looking for Off The Grid content? X user Piers Kicks streamed some gameplay

WPG, a South Korean gaming guild, announced they joined the Avalanche ecosystem to spread awareness for web3 gaming in the country

Dexalot hit $41M in TVL on Nov. 24, an all-time high for the DEX (shown below)

Source: DefiLlama

Avalanche Archives

Here’s Avalanche-based articles that made headlines this week.

Avalanche Blockchain's Largest-Ever Upgrade Goes Live on Testnet (CoinDesk)

Avalanche9000 goes live on testnet, unlocks $40M rewards for builders (Cointelegraph)

Avalanche Testing '9000' Upgrade With $40 Million in