- AVAX’s market cap rose to $14.6 billion, a 30% QoQ increase, moving its token ranking from 12 to 11.
- Transaction fees in AVAX grew 24% QoQ, while revenue in USD surged by 88% to $4 million.
- Daily transactions soared 134% QoQ, largely driven by the launch of Pulsar L1.
Avalanche (AVAX) had a fantastic Q4 2024, according to Messari’s new report. Its market capitalization hit $14.6 billion, a 30% improvement over the last quarter and a year-over-year increase of 3.7%. This growth took its market capitalization to rank up to 11 from 12 in total tokens.
Transaction fees in AVAX increased 24% QoQ to 105,600, whereas revenue in USD came close to doubling to $4 million, a reflection of price appreciation and network use. However, YoY statistics saw a dramatic revenue decline due to fewer transactions combined with the utilization of Avalanche9000, reducing minimum base fees on the C-Chain.
The network’s innovative tokenomics rewarded validators with freshly minted tokens and burned all revenue. The annual inflation of the network fell to 3.9% as staking action slightly dipped when eligible staked supply fell to 45.6%. Meanwhile, the liquid genesis supply grew from 81% to 91% in 2024, with full vesting projected by 2030. Beyond supply metrics, the ecosystem expanded significantly.
Pulsar L1, launched in October, boosted daily transactions by 134% QoQ to 3 million, with average daily active addresses growing by 7% to 92,300. Memecoin, MEV transactions, and DeFi activities emerged as the most active sectors.
Gaming, DeFi, and Institutional Push Fuel Avalanche’s Q4 Expansion
Q4 marked institutional and GameFi milestones for Avalanche. The release of Avalanche9000 cut fees and boosted scalability, fueling interest among developers. Institutional adoption boomed when BlackRock’s BUIDL fund scaled up on Avalanche and Grayscale’s and Bitwise’s inclusion of AVAX in their ETFs.
The gaming sector also featured highlights, such as Pulsar MMO RTS causing a 146% jump in L1 transactions, and Off the Grid leading the Epic Games store’s free-to-play lists. The on-chain ticketing partnership with Sports Illustrated and MeWe’s adoption of Avalanche also put it in the news.
Avalanche’s Q4 of 2024 highlighted its adaptability and innovativeness. With technical innovations, business integrations, and expanding DeFi and gaming networks, Avalanche is set to continue to grow in 2025.