Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support various blockchain projects.

The Avalanche blockchain reportedly can process 4,500 transactions per second.

Avalanche's smart contracts platform supports decentralized applications (dApps) and autonomous blockchains.

Some advantages:

• Coin creation rate:== The maximum supply of AVAX is capped at 720 million tokens, but AVAX users govern how fast new coins are minted.
• Transaction fee structure:== Transaction processing costs vary depending on the type of transaction and Avalanche's network congestion. All fees are burned—removed from circulation—to enable AVAX to become scarcer over time.
• Consensus mechanism:== Transactions on the Avalanche blockchain are confirmed using a unique method that requires many small, random subsets of network participants to confirm transactions before the transactions are finalized.
• Participation incentives:== High uptime and fast response times can boost the amount of AVAX rewards that a network participant can earn for processing AVAX t

Swap and transfer Overview

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• The total number of transfer was about 2.4M with 63.8%.

• The total number of swap was about 1.3M with 26.2%.

• The highest number of transfer was about 39.5K on November 9th.

• The lowest number of transfer was about 9.2K on September 9th.

• The highest number of swap was about 26.1K on November 9th.

• The lowest number of transfer was about 4.1K on December 6th.

• The total number of transferer was about 664.5K with 59.4%.

• The total number of swapper was about 453.6K and consisted of 40.6%.

• The highest number of transferer was about 8K on November 27th.

• The lowest number of transferer was about 2.3K on October 15th.

• The highest number of swapper was about 6.3K on December 3rd.

• The lowest number of transferer was about 1.7K on September 24th.

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• The total transferred volume was about 46.1B with 72.6%.
• The total swapped volume was about 17.4B with 27.4 %.
• The most transferred volume was about 1B on July 22nd.
• The least transferred volume was about 57.8M on November 27th.
• The most swapped volume was about 547.5M on July 26th.
• The least swapped volume was about 17.9M on July 17th.

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• The total average of transferred volume was about 1.8M with 72.6%.
• The total average of swapped volume was about 1.13M with 38.7%.
• The most average of transferred volume was about 46.8K on July 22nd.
• The least average of transferred volume was about 1.7K on December 3rd.
• The most average of swapped volume was about 35.8K on July 24th.
• The least average of swapped volume was about 831 on December 3rd.

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• The total median transferred volume was about 18.8K with 54%.
• The total median swapped volume was about 22.1K with 46%.
• The most median transferred volume was about 349.8 on November 8th
• The least median transferred volume was about 4.8 on November 27th.
• The most median swapped volume was about 433.3 on September 23rd.
• The least median swapped volume was about 3.7 on December 4th.

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• The total maximum transferred volume was about 1.1B with 65.7%.
• The total maximum swapped volume was about 596.7M with 34.3%.
• The most maximum transferred volume was almost 10M on November 10th.
• The least maximum transferred volume was about 1.2M on December 3rd.
• The most maximum swapped volume was about 9.9M on September 6th.
• The least maximum swapped volume was about 493K on August 18th.

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• The highest average 7 days of transferred volume was about 26.6K on July 28th.
• The highest average 7 days of swapped volume was about 30K on July 16th.

Breakdown

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• At first, about 920.7K transferring transactions was between 100 and 1000 USDC.
• About 568.2K swapping transactions was between 100 and 1000 USDC.
• About 28.4B transferring volume was More than 1M USDC.
• About nearly 12B swapping volume was More than 1M USDC.

Share of Stablecoins compared to USDC

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• The total number of transaction on USDC was about 1.38M with 74.2%.
• The total number of transaction on USDT was about 455.4K with 24.4%.
• The total number of transaction on DAI was about 25.3K with 1.36%.

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• The total USD volume on USDC was about 17.4B with 70.4%.

• The total USD volume on DAI was about 5.1M with 20.8%.

• The total USD volume on USDT was about 2.17B with 8.79%.

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Transfers Compare USDC with other stablecoins

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• The total number of transaction on USDC was about 2.43M with nearly 80%.
• The total number of transaction on USDT was about 581.1K with 19.1%.
• The total number of transaction on DAI was about 33.3K with 1%.

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• The total USD volume on USDC was about 46.15B with 60.9%.
• The total USD volume on DAI was about 7.1M with 12.6%.
• The total USD volume on USDT was about 3.7B with 6.55%.

Mint and Burn

Number of transactions

Number of users

USD volume

Average 7 days

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• The total number of burning transaction was about 4194 with 74.2%.
• The total number of burning transaction was about 1456 with 25.8%.
• The highest number of burning transaction was about 356 on July 28th.
• The highest number of minting transaction was about 72 on August 4th.

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• The total burning USD volume was about 1.7B with 59.7%.
• The total minting USD volume was about 1.2B with 50.3%.
• The most burning USD volume was about 457M on July 28th.
• The most minting USD volume was about 75.2M on July 28th.

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• The total average of burning USD volume was about 423.8K with 33.9%.
• The total average of minting USD volume was about 825.6K with 66.1%.
• The most average of burning USD volume was about 14.6M on October 14th.
• The most average of minting USD volume was about 37.6M on July 28th.
• The total maximum of burning USD volume was about 193M with 72%.
• The total maximum of minting USD volume was about 74.9M with 28%.