State of @avax Q1
Key Update: 9 new L1s launched in Q1 following the Avalanche9000 upgrade, including @playoffthegrid's and @maplestoryU's mainnets, further solidifying Avalanche as a gaming powerhouse.
QoQ Metrics 📊
• Daily avg transactions ⬆️ 23.6%
• Daily active addresses ⬆️ 81.4%
• DeFi TVL (AVAX) ⬆️ 61.9%
Read the full report 👇
The @avax ecosystem is getting stronger every day. 9 new L1s joined in Q1, bringing the total to 32 L1s all sharing liquidity thanks to Avalanche9000.
Key Insights from Q1:
- Avg DAAs across C-Chain and all L1s increased 81% QoQ to 167.3K. Led by @lamina1official growing avg DAAs 145% QoQ to 23.5K and @QChain_official growing avg DAAs to 1617% QoQ to 22.2k.
- Avalanche’s DeFi ecosystem grew 61.9% QoQ in TVL (AVAX). @aave expanded its dominance, while @LFJ_gg retained DEX leadership despite volume compression.
- Notable enterprise integrations included Wyoming’s selection of Avalanche for the WYST stablecoin, Robert Rodriguez's tokenized film project with Republic, and land record digitization in India’s Dantewada district.
- Avalanche-based games and platforms like @PulsarGame, Beam Nodes, and Warpchain drove network engagement. @GunzillaGames acquisition of Game Informer and Haunted Space’s cross-platform release reinforced Avalanche’s expanding gaming footprint.
For more insights into Avalanche's performance in Q1 read the full report below 👇
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