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Ecosystem Brief: Avalanche Institutional Adoption
Key Insights
- Avalanche (AVAX) up 131%: Avalanche has outperformed Solana recently with over 131% 30-day growth, driven by notable institutional adoption from the likes of Citi and JPM.
- Solana Active Addresses Pass Ethereum: Solana has seen a surge in daily active addresses, surpassing Ethereum, while addresses on the Avalanche main chain have decreased due to activity being offloaded to subnets.
- DEX Volumes Double: 7-day volumes across major chains have grown from $10 billion to over $23 billion in the last 30 days as prices and overall chain activity picks up.
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