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.
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