Ecosystem : Avalanche Institutional Adoption
Avalanche (AVAX) has outperformed Solana with a 131% 30-day growth, fueled by institutional adoption from Citi and JPM. Solana, surpassing Ethereum in active addresses, experiences a surge. DEX volumes double across major chains, reaching over $23 billion in the last 30 days. Avalanche's success is attributed to institutional adoption, like Citi's RFS solution on Avalanche Evergreen, tailored for KYC/AML compliance. AvaCloud, a low/no code solution, further enhances the ease of chain deployment. Institutions, with specific requirements, favor Avalanche, showcasing its lead in accommodating them.
While Solana and Avalanche dominate emerging ecosystems by market cap, Polygon, Optimism, and Arbitrum also witness significant growth. Solana leads in TVL growth with a 75% increase in the last 30 days. Avalanche follows with a 30% TVL growth. Both Solana and Avalanche exhibit substantial DEX volume growth, surpassing other ecosystems by a factor of 2.
Solana's DAA surpasses Ethereum's, driven by increased wealth potential and token airdrops. Avalanche, despite price appreciation and DEX volume growth, has the least daily active addresses among major ecosystems, emphasizing its potential for further growth. Avalanche's DAA growth is fueled by DeFi and wallet transfers. Trader Joe, facilitating the majority of Avalanche DEX volumes, leads DeFi active address growth and fee increase.
In summary, while Solana and Avalanche shine, other ecosystems like Polygon, Optimism, and Arbitrum experience noteworthy growth, each with its unique developments and challenges. Avalanche's success hinges on institutional adoption, developer-friendly tools, and a growing DeFi ecosystem.
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