avax is still a good business in the long run
1: a16z, Polychain Capital, Dragonfly Capital, Galaxy Digital, ParaFi Capital, Republic Capital, Three Arrows Capital, Morgan Creek Digital, NGC Ventures, etc. 52% with a US background, 12% with a European background, 36% with an Asian background.
2: Planning to raise a total of 1 billion dollars through two transactions to establish two crypto asset treasury companies. One pipe, one SPAC (Mountain Lake Acquisition Corp).
3: Since 25.4, the TVL has grown from $1B to $2.1B, an increase of over 100%. Meanwhile, the active index continues to rise.
However, the price has only increased nearly 50% compared to the opening price in April.
4: The number of active addresses has visibly increased compared to 24 years, averaging over 1 million per month. Application revenue: compared to 24 years, it has generally increased, peaking at $7.49 million in September. However, the overall return rate in 25 years is still negative.
Summary: 1. Institutional coin background is solid, with actual funding expectations subsequently and passing the political review. 2. If it maintains the same premium level as 24 years, it is currently undervalued. 3. The current market cap capacity is appropriate, and there has been no significant increase since 24 years, making it a forgotten player in the corner, which aligns with the taste of large players from a capital operation perspective, passing the transaction review.
Risk: The on-chain revenue of avax has always been unsatisfactory, and from a revenue perspective, it does not look good. It requires the macro market to provide a premium level, along with liquidity space, while having institutional operations, to expect excess gains.
nfi, dyor, LFG. @Avalanche_CN $AVAX
{spot}(AVAXUSDT)
1: a16z, Polychain Capital, Dragonfly Capital, Galaxy Digital, ParaFi Capital, Republic Capital, Three Arrows Capital, Morgan Creek Digital, NGC Ventures, etc. 52% with a US background, 12% with a European background, 36% with an Asian background.
2: Planning to raise a total of 1 billion dollars through two transactions to establish two crypto asset treasury companies. One pipe, one SPAC (Mountain Lake Acquisition Corp).
3: Since 25.4, the TVL has grown from $1B to $2.1B, an increase of over 100%. Meanwhile, the active index continues to rise.
However, the price has only increased nearly 50% compared to the opening price in April.
4: The number of active addresses has visibly increased compared to 24 years, averaging over 1 million per month. Application revenue: compared to 24 years, it has generally increased, peaking at $7.49 million in September. However, the overall return rate in 25 years is still negative.
Summary: 1. Institutional coin background is solid, with actual funding expectations subsequently and passing the political review. 2. If it maintains the same premium level as 24 years, it is currently undervalued. 3. The current market cap capacity is appropriate, and there has been no significant increase since 24 years, making it a forgotten player in the corner, which aligns with the taste of large players from a capital operation perspective, passing the transaction review.
Risk: The on-chain revenue of avax has always been unsatisfactory, and from a revenue perspective, it does not look good. It requires the macro market to provide a premium level, along with liquidity space, while having institutional operations, to expect excess gains.
nfi, dyor, LFG. @Avalanche_CN $AVAX
{spot}(AVAXUSDT)
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AVAX
14.05
-3.03%