Ecosystem Brief: Avalanche Institutional Adoption
Messari
Nov 20, 2023Ā ā Ā 6 min read
Avalanche has surged in value, surpassing Solana with a growth rate of 131% over the past 30 days. This growth is fueled by institutional adoption from big names like Citi and JPM, as well as product maturity and developer tools. Solana, on the other hand, has seen a surge in daily active addresses, surpassing Ethereum. Decentralized exchange volumes have also doubled across major chains, indicating increased activity and prices. Despite its growth and price appreciation, Avalanche remains the least-used chain in terms of daily active addresses among major ecosystems.
Upgrade to Messari Pro to read this report
Pro SubscriptionUpgrade to Pro
$75.00/ month, billed annually
Annually
Professional-grade Research Reports covering the latest trends and assets in the crypto space
Fundraising Screener to track trends across 14,000+ crypto funding rounds, 500+ M&A Deals, and 10,000+ investors
Unlocked Enterprise Research Reports 90 days after they are published
Full access to advanced asset screening with custom filters, queries, and metrics
Real-time Governance Tracker covering proposals from their initial stages through votes and implementation
Advanced AI Digests with all of the features in Lite plus Key Developments for major protocol changes
Already a member? Sign In