$AVAX ready to dominate?
Avalanche hits ATH in user activity, wallet addresses and total transactions
Welcome to the sixth Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.
Let’s talk Avalanche. For those unfamiliar with it, here’s the TLDR explainer:
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.
For a layer 1 that has only been live on mainnet for around 12 months the speed with which Avalanche is gaining adoption is staggering.
Here’s our compilation of the most recent alpha. No $AVAXers may want to read carefully.
Kevin Sekniqi is the COO of Ava Labs. You know when someone starts with “Alright real talk” it’s probably worth paying attention to.
![Twitter avatar for @kevinsekniqi](https://substackcdn.com/image/twitter_name/w_96/kevinsekniqi.jpg)
![Twitter avatar for @kevinsekniqi](https://substackcdn.com/image/twitter_name/w_96/kevinsekniqi.jpg)
We all like sound money, so in case you weren’t aware $AVAX is deflationary with just over 341,000 burned so far.
![Twitter avatar for @avalancheavax](https://substackcdn.com/image/twitter_name/w_96/avalancheavax.jpg)
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4cfccd3-eabe-405d-bba3-22b527dc1353_1200x630.png)
Nicolas chucks some numbers into the mix, envisioning a scenario where just under 12 million $AVAX is burned a year.
![Twitter avatar for @Ahnor_Block](https://substackcdn.com/image/twitter_name/w_96/Ahnor_Block.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDQ8-BcWQAQyzk5.png)
Based Emin dropping the alpha in plain sight.
![Twitter avatar for @el33th4xor](https://substackcdn.com/image/twitter_name/w_96/el33th4xor.jpg)
![Twitter avatar for @kevinsekniqi](https://substackcdn.com/image/twitter_name/w_40/kevinsekniqi.jpg)
Another neat summary from Seq 🔺
![Twitter avatar for @CryptoSeq](https://substackcdn.com/image/twitter_name/w_96/CryptoSeq.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDMNEI7XEAkxQnQ.jpg)
![Twitter avatar for @jayks17](https://substackcdn.com/image/twitter_name/w_40/jayks17.jpg)
A few charts from Protocol 432 that highlight the flywheel which leads to exponential growth and adoption.
![Twitter avatar for @protocol432](https://substackcdn.com/image/twitter_name/w_96/protocol432.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDRpJPMWUAoEm2R.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDRpSm9XIAAbbxY.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDRpWQnWEAAnfGG.jpg)
Avalanche are seeing many records broken in different metrics.
![Twitter avatar for @avalancheavax](https://substackcdn.com/image/twitter_name/w_96/avalancheavax.jpg)
![Image](https://substackcdn.com/video/upload/e_loop,vs_40/cqq7douup7adivu95vm6.gif)
![Twitter avatar for @avalancheavax](https://substackcdn.com/image/twitter_name/w_40/avalancheavax.jpg)
Soon?
Another very recent development which is bound to increase the speed of adoption of the whole Avalanche ecosystem:
![Twitter avatar for @el33th4xor](https://substackcdn.com/image/twitter_name/w_96/el33th4xor.jpg)
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdb84289-7aee-4b71-aa4a-cef9e28ce9b6_1200x628.jpeg)
A long list of reasons to be fundamentally bullish.
![Twitter avatar for @CryptoSeq](https://substackcdn.com/image/twitter_name/w_96/CryptoSeq.jpg)
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0cbd910-154d-4068-9145-513c4a96950c_1200x684.png)
What’s the TA saying? $AVAX is sitting just below all time highs and looking ready for a move up.
![Twitter avatar for @Rager](https://substackcdn.com/image/twitter_name/w_96/Rager.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDPEvUwXsAQ1rhf.png)
Cycle target from satsdart.
![Twitter avatar for @satsdart](https://substackcdn.com/image/twitter_name/w_96/satsdart.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFDNvYwdX0AoT8PD.jpg)
Here’s another elevator pitch from game developer Jon on why using Avalanche is a no brainer.
![Twitter avatar for @jradoff](https://substackcdn.com/image/twitter_name/w_96/jradoff.jpg)
Some of you might be reading this and be thinking “damn, I need to learn another layer 1”. Fear not, getting started with Avalanche is not a daunting task:
![Twitter avatar for @CryptoMessiah](https://substackcdn.com/image/twitter_name/w_96/CryptoMessiah.jpg)
![Twitter avatar for @Burr_Ett](https://substackcdn.com/image/twitter_name/w_40/Burr_Ett.jpg)
A final warning:
And that’s your alpha.