Avalanche (AVAX) — Onchain News & Whale Tracking

VanEck plans to launch a Purpose-Built Fund focused on Avalanche

On May 21st, according to a report from BlockWorks, VanEck plans to launch the VanEck PurposeBuilt Fund next month and focus on Avalanche. The aim is to establish a dedicated fund for projects constructed on Avalanche and it will be managed by VanEck's Digital Asset Alpha Fund. Portfolio Manager Pranav Kanade stated that top builders are increasingly inclined to have full-stack assets in order to minimize value leakage. Avalanche's L1 architecture makes this achievable. The team currently has no intentions of launching funds for any other ecosystems. The fund will invest in liquidity tokens and venture-backed projects, which may encompass various sectors such as gaming, financial services, payments, and artificial intelligence.

Avalanche, Helix, and Faculty Group Jointly Launch Blockchain Ecosystem Fusion

On May 20th, as per Cointelegraph, Avalanche, Helix, and Faculty Group have jointly launched the Fusion blockchain ecosystem. This is a $100 million initiative intended to drive the real-world application of blockchain by means of industry-specific modular infrastructure. Fusion is constructed on Avalanche and adopts a two-layer architecture design, which encompasses Composers, customizable L1, and modular components. These modules are capable of providing plug-and-play services such as computing power, identity recognition, and data oracles.

MapleStory, a blockchain game, has reached an active address count of 189,000 in the last 30 days, representing 10.47% of the active users on the Avalanche network.

On May 19th, according to Nansen data, the active addresses of the blockchain game MapleStory in the past 30 days reached 189,000, which accounted for 10.47% of the active users of the Avalanche network. Moreover, MapleStory generated a total of 244,168 transactions in the past 30 days, accounting for 8.7% of the transaction volume of the Avalanche network.

The number of Avalanche active addresses reached 648,000 yesterday, setting a new all-time high for monthly active addresses in May.

On May 18th, according to SnowTrace data, the active addresses on the Avalanche Network reached 648,000 yesterday. The active addresses on the Avalanche C-Chain reached 427,000. The total active addresses in May reached 1.95 million, reaching a new all-time high. On May 15th, the transaction count on the Avalanche Network surged to 12.35 million, setting a new all-time high. The transaction count on the Avalanche C-Chain on the same day reached 890,000, also hitting a new high. The recent activity on Avalanche was mainly driven by the user growth from the blockchain game MapleStory Universe and the increased number of NFT transactions.

BlackRock's sBUIDL to Kickstart 'First-of-its-Kind Direct DeFi Protocol Integration' on Avalanche

On May 16th, as reported by The Block, Belridge's nearly $3 billion tokenized sovereign bond fund BUIDL announced the launch of the "first direct DeFi protocol integration" with Avalanche and the Euler Protocol. This collaboration is based on the sToken framework developed by Securitize, enabling sBUIDL (BUIDL's composable ERC-20 token) to expand on-chain use cases while ensuring redeemability. Through an integration solution developed by Re7 Labs, users can now utilize sBUIDL as collateral to borrow USDC or AUSD on Euler and obtain AVAX rewards and the underlying yield of the BUIDL fund. Currently, BUIDL is the world's largest tokenized sovereign bond fund, holding approximately $3 billion in short-term government bonds and repurchase agreements.

Data: Avalanche's active address count reached 746,000 yesterday, hitting a new all-time high

On May 9th, according to SnowTrace data, the daily transaction count of Avalanche C-Chain reached 763,000 on May 7th, which is the highest since late February 2024. Moreover, Avalanche achieved a record high of 746,000 active addresses on May 8th, and Avalanche C-Chain accounted for 532,000 of them. Artemis data shows that in the past 2 days, the number of active addresses on OpenSea on Avalanche C-Chain has witnessed a significant increase. This increase is likely driven by NFT trading users and transaction volume, mainly from the MapleStory Universe game.

Bitget and Avalanche to Jointly Invest $10 Million to Drive India’s Crypto Ecosystem Development

On May 8th, Bitget announced a partnership with Avalanche with the aim of jointly supporting the development and construction of the local Web3 community in India. According to the partnership plan, the two parties will initially launch relevant projects in Delhi and Bangalore, with a planned total investment of not less than $10 million. This investment will be used to support local community activities such as small grants, scholarships, hackathons, and technical workshops. Delhi is the most populous city in India, and Bangalore is known as the "Silicon Valley of India," attracting a large number of technological talents and developer resources. In recent years, the Indian crypto market has been experiencing rapid growth. According to data released by the local exchange platform CoinSwitch, crypto investment in India continued to increase in 2024. Delhi accounted for 20.1% of the investment, while Bangalore and Mumbai accounted for 9.6% and 6.5% respectively. This also showcases Ind

The U.S. Secret Service Launches "Operation Avalanche" to Combat Ethereum Network Phishing Scams, Seizing $4.3 Million in Stolen Funds

On April 17th, as reported by The Block, the U.S. Secret Service, with the help of Canadian officials, carried out "Operation Avalanche" to combat Ethereum network phishing scams. The purpose of this operation was to trace the wallets that were stolen on the Ethereum blockchain. During this operation, a total of $4.3 million in stolen funds were discovered. They will continue to collaborate with Canadian law enforcement and financial partners to identify and seize the stolen assets and return them to the victims.

PlayDapp will migrate from Avalanche to Polygon, with the asset snapshot scheduled for April 29th.

On April 15th, PlayDapp declared that the mainnet operation will be shifted from Avalanche to Polygon. All the existing assets on the Avalanche-based PlayDapp mainnet will be migrated to the same wallet address on Polygon. The user asset snapshot will be captured at 10:00 on April 29th, 2025. The asset migration will take place at 10:00 on April 30th, 2025. Users do not need to take any actions. The migration will be managed entirely by the PlayDapp team to ensure a smooth transition. After the migration is completed, users' assets will be automatically transferred to wallets on the Polygon Network.

VanEck has submitted an Avalanche ETF application for listing on Nasdaq to the U.S. SEC

On April 10th, according to market information, VanEck has submitted an application for an Avalanche ETF to be listed on Nasdaq to the US SEC.

WisdomTree Expands its Institutional Tokenization Platform to Arbitrum, Avalanche, StarkWare, and Optimism

On April 4th, as per CoinDesk, WisdomTree is in the process of expanding its institutional investment platform, WisdomTree Connect. This expansion is from Ethereum to Arbitrum, Avalanche, Base, and Optimism. The platform currently provides 13 tokenized funds that cover a variety of investment strategies such as money markets, stock indices, and fixed income. All of these funds have been registered with the U.S. Securities and Exchange Commission (SEC).

Nasdaq Files Grayscale Avalanche ETF Application with SEC

On March 28th, according to market information, Nasdaq has submitted the Grayscale Avalanche ETF application to the US SEC.

VanEck has submitted the S-1 filing for its Avalanche ETF.

On March 15th, according to market information, VanEck has submitted the S-1 filing for its Avalanche ETF to the SEC.

Three Directors of the Avalanche Foundation Resign Successively Within Nearly 2 Weeks

On March 8th, the former director of the Avalanche Foundation, Omer, posted a statement on the X social platform, indicating that he, along with Aytun? Yildizli and Vikram Nagrani, had officially resigned from their positions on the foundation and its subsidiary companies' boards of directors at the beginning of this week. The executive director, Aytun? Yildizli, stopped fulfilling his duties on February 28, 2025. Since then, the board of directors has been in a stagnant state and has been trying to find a way forward. Omer stated that the decision to resign voluntarily was not made casually. Making this decision has been extremely painful for them. Considering their passion, dedication, and commitment to Avalanche and its community, as well as all the hard work they have put in for the ecosystem and community since joining the foundation, this collective resignation was a difficult one.

Safe: Wallet service has resumed operation on Avalanche, Blast, and other networks

On March 6th, Safe declared that its wallet service has recommenced operations on the Avalanche, Blast, Unichain, Sonic, X Layer, Aurora, Celo, Linea, and Berachain mainnets, as well as on the Sepolia, Base Sepolia, and Gnosis Chidao testnet chains.

Avalanche has released its 2025 Roadmap, which includes the Etna Network Upgrade, Subnet Renaming, and more.

On March 4th, as reported by Tokonews, Avalanche recently disclosed its 2025 roadmap during an AMA event held in Indonesia. The key updates encompass the Etna Network upgrade, the global adoption initiative known as the Avalanche9000 Campaign, and the rebranding of subnets to Avalanche L1 in order to enhance flexibility.

LEVR Bet expands Testnet to Avalanche, plans to launch Hyperliquid

On January 22nd, as per The Block, the cryptocurrency sports betting platform LEVR Bet, which is based on Monad, has declared the expansion of its testnet to the Avalanche-upgraded C-Chain and has made plans to launch Hyperliquid.

Aethir Partners with Avalanche Foundation to Launch $100 Million Fund to Support AI Projects

January 21st. Aethir made an announcement about entering into a strategic partnership with the Avalanche Foundation. This partnership is aimed at promoting AI innovation within the Avalanche ecosystem. Aethir will utilize a $100 million Ecosystem Fund to offer computing resource support for AI innovation projects in the Avalanche ecosystem.

Avalanche raises $250 million locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital

According to The Block, Avalanche raises $250 million locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital.