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Avalanche (AVAX) — Onchain News & Whale Tracking

Real-time Avalanche whale movements, exchange flows and onchain findings tracked by Lookonchain. 77 updates and counting.

2026.11.09 21:25

Avalanche sees new positive developments, but its on-chain data still lags far behind historical highs.

According to official announcements, Avalanche will serve as the core ledger technology provider for the clearing process of the NYSE-linked tokenized securities platform, delivering underlying ledger infrastructure to the platform’s clearing institution. Following the news, AVAX briefly rose as much as 6.4% and is currently trading at $8.52. In terms of network activity, over the past seven days, the number of transactions on Avalanche C-Chain reached around 2.3 million, with a daily average of approximately 329,000, marking a roughly 13% increase from the prior week. However, the rebound in transaction count has not translated to stronger DeFi trading demand: seven-day DEX volume over the same period stood at $471 million, down roughly 18% week-over-week, while on-chain fees totaled around $1.5 million, a 34% week-over-week drop. Funding metrics also show divergence. Avalanche’s current DeFi total value locked (TVL) is around $608 million, up roughly 14% week-over-week, driven primarily by growth in protocols such as Aave V4; however, on-chain stablecoin holdings stand at approximately $1.32 billion, still below previous levels. Compared to its historical peak metrics, Avalanche’s current state remains dismal. Its TVL hit around $11.5 billion in December 2021, and is now only about 5% of that peak; stablecoin holdings reached roughly $4.7 billion in March 2022, and currently equal 28% of that level. The seven-day DEX trading volume peaked at around $6.7 billion, and is now just 7% of that high. Transaction volume also lags far behind its peak period: Avalanche C-Chain’s seven-day transaction count hit approximately 41.8 million in December 2023, and is now around 2.3 million.

2026.07.13 22:31

Japan's largest security token platform Progmat has completed its migration to Avalanche, with over $2.7 billion in assets officially brought on-chain.

Japan’s largest securities token issuance and management platform Progmat has completed its migration to the Avalanche blockchain, moving all its managed tokenized assets worth over 452 billion yen (approximately $2.7 billion) from the Corda 5-based permissioned blockchain to a dedicated Avalanche Layer 1. The migration, announced in February this year, was completed as planned without disrupting the normal operations of financial institutions. Progmat stated that the new architecture no longer relies on a single blockchain, enabling future multi-chain expansion. All smart contracts have been migrated to the EVM environment; while retaining all original functionalities, the processing speed of asset equity transfers has increased 3 to 5 times, and transaction finalization time has been shortened to less than 2 seconds. Originally incubated by Mitsubishi UFJ Trust Bank (MUFG), Japan’s largest bank, Progmat became an independent operation in 2023. It is currently backed by major Japanese financial institutions including Mizuho Bank, the Tokyo Stock Exchange, and SBI, holding a 53% market share in Japan’s securities token market and accounting for 64.6% of the total issuance scale of securities tokens. Its business covers most tokenized real estate and corporate bond projects. Additionally, Progmat established a working group on Japanese government bond tokenization and on-chain repo in May this year, collaborating with asset management institutions, banks, and securities firms to research tokenized Japanese government bonds and explore use cases such as 24/7 trading and T+0 real-time settlement.

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