About LPs in Avalanche

More than 22k Liquidity Pools have been created on Avalanche since 2021 across 10 different platforms, from the total:

Almost 80% of them are from Trader Joe v1 (18,100).
75% of them (17,300) have WAVAX as a trading token.
Only 18% of them (3,800) Are being active in 2023.
And 6% (1,400) Created this year.

About LPs Activity

Although there are more than 22k LPs created, a considerable amount was created only for testing purposes with different testing tokens having the most popular choice of name being 'TEST'.If we consider only the LPs that have some kind of transaction activity we end with 20,600 LPs and from that:

73% of Them (15,050) didn't reach 100 Transactions
8% of Them (1,630) became a "Legendary LP" Achieving more than 1,000 Transactions and 100 different users in total.
- However, only 29% of these Legendary LP (481) achieved this with their activity in 2023.
- The vast majority of these Legendary LPs in 2023 are from Trader Joe and Pangolin.

Liquidity Pools Activity in Avalanche