In the first quarter of 2025, Avalanche's average daily transaction volume reached 3.80 million, a quarter-on-quarter increase of 23.6%, mainly driven by Pulsar and QChain. The daily active addresses on Avalanche L1 grew by 146.3%, exceeding 3,000, with Lamnia1 and QChain performing notably. The total value locked (TVL) in DeFi, measured in AVAX, increased by 61.9% to 59.80 million, but decreased by 14.7% to 1.10 billion USD when measured in dollars. Aave's TVL grew by 3.3% to 515 million USD, accounting for 45.9% of Avalanche C-Chain DeFi TVL. The stablecoin market capitalization declined by 15.9% to 1.90 billion USD, although USDC grew by 42.7%. The number of active validators decreased by 4.4% to 1,401, while total staking rose by 2.6% to 211.90 million AVAX. The enterprise and gaming ecosystems continued to develop, with 8 new Avalanche L1 projects added, including Growth, GUNZ, and TradeX. Avalanche was selected by the Wyoming Stablecoin Commission as a WYST issuance platform, supporting 700 thousand digital land records in India's Dantewada region, and assisting Brass Knuckle Films and Republic in film financing tokenization. In gaming, Beam Nodes and Warpchain infrastructure went live, with games like Pulsar and Haunted Space driving user engagement.

AAVE

AVAX

In Q1 2025, Avalanche saw a 23.6% QoQ increase in average daily transactions across Avalanche L1s, reaching 3.8 million. This growth was driven by Pulsar (1.8M daily txs) and QChain (up 1,720% QoQ). Daily active addresses on Avalanche L1s grew 146.3% QoQ to over 3,000 daily, led by Lamina1 and QChain. DeFi TVL (AVAX)rose 61.9% QoQ to 59.8 million, while TVL (USD) decreased 14.7% to $1.1 billion. Aave’s TVL grew 3.3% QoQ to $515M, dominating 45.9% of Avalanche C-Chain’s DeFi TVL. Stablecoin market cap on Avalanche C-Chain fell 15.9% to $1.9 billion, though USDC rose 42.7% QoQ. While the number of active validators fell 4.4% QoQ to 1,401, total stake (AVAX) increased 2.6% to 211.9 million.
Avalanche’s enterprise and gaming ecosystems continued to see growth. Eight new Avalanche L1s launched in Q1 2025, including projects like Growth, GUNZ, and TradeX. In enterprise adoption, Avalanche was selected by the Wyoming Stable Token Commission to issue WYST, became the backbone for over 700,000 digitized land records in India’s Dantewada district, and enabled tokenized film financing via Brass Knuckle Films and Republic. On the gaming side, Avalanche saw infrastructure growth with the launch of Beam Nodes and Warpchain, while game titles like Pulsar and Haunted Space drove user engagement.

Avalanche Ecosystem Development Report for Q1 2025