1. Active on Other EVMs (56.4%):

   • Over half of the Avalanche top 10K addresses are actively interacting with other major EVM chains, indicating a strong multichain presence.

   • This suggests that a majority of Avalanche users see value in engaging across multiple ecosystems, likely for activities such as bridging, cross-chain DeFi, or accessing unique protocols not available on Avalanche.

2. Exclusive to Avalanche (43.6%):

   • A significant portion of the user base is chain-loyal, focusing exclusively on Avalanche for their blockchain activities.

   • This core group likely includes users heavily invested in Avalanche-native DApps, DeFi protocols, or NFT ecosystems.

Context:

This chart explores the multichain activity status of inactive Avalanche addresses in the past 90 days, focusing on whether they engaged with other major EVMs during the same period.

Key Observations:

1. Inactive Across All Chains (No = 1,905; ~73%):

   • A significant majority of inactive Avalanche addresses are completely inactive on all chains.

   • This suggests that these users may have exited blockchain activity entirely or temporarily, possibly due to market conditions, lack of incentives, or personal preferences.

2. Active on Other EVMs (Yes = 705; ~27%):

   • A smaller portion of inactive Avalanche addresses remain active on other major EVM chains.

   • This indicates that these users are still engaged in blockchain activity but have shifted their focus away from Avalanche.both on Avalanche and other major EVMs.

   • These users may have exited the blockchain space temporarily or permanently, or they could represent dormant wallets.

Context:

This bar chart highlights the multichain activity of Avalanche's top 10K addresses across major EVM chains, segmented by their active or inactive status on Avalanche.

Key Observations:

1. Ethereum Dominance:

   • Active on Avalanche: Ethereum has the highest overlap, with a significant number of Avalanche-active users also engaging on Ethereum.

   • Inactive on Avalanche: A considerable number of Avalanche-inactive users remain active on Ethereum, reinforcing its central role in the multichain ecosystem.

2. Arbitrum, Base, and Polygon as Secondary Chains:

   • Arbitrum and Polygon: Both chains show strong engagement from Avalanche-active and inactive users. Arbitrum has slightly higher user counts, indicating its growing appeal among Avalanche users.

   • Base: A rising player in the multichain ecosystem, Base is gaining traction among both active and inactive Avalanche users. Its steady adoption signals its potential as a key secondary chain for Avalanche users.

3. Optimism with Lower Engagement:

   • Optimism shows the lowest user count among the chains, reflecting limited interaction from Avalanche’s top 10K addresses compared to other chains.

4. Inactive Users’ Multichain Preferences:

   • Even among inactive Avalanche users, Ethereum, Arbitrum, Polygon, and Base continue to attract significant activity, highlighting their relevance in the broader multichain ecosystem.

Context:

This chart illustrates the percentage of Avalanche top 10K addresses active on major EVM chains (Arbitrum, Base, Ethereum, Optimism, and Polygon), grouped by their active or inactive status on the Avalanche network.

Key Observations

• Ethereum Leads in Multichain Activity:

  • Active on Avalanche: 45.4% of Avalanche-active users are also active on Ethereum, the highest among all chains.

  • Inactive on Avalanche: 31.0% of Avalanche-inactive users are still active on Ethereum, highlighting its central role in the multichain ecosystem.

• Arbitrum as a Strong Contender:

  • Active on Avalanche: 37.8% of Avalanche-active users engage with Arbitrum, showing it as a key secondary chain for this group.

  • Inactive on Avalanche: 22.9% of Avalanche-inactive users remain active on Arbitrum, indicating continued multichain interest.

• Base and Polygon Share Similar Trends:

  • Active on Avalanche: Both Base and Polygon engage 32.5% of Avalanche-active users, reflecting their growing adoption.

  • Inactive on Avalanche: Base has 21.6% inactive users active, while Polygon has slightly more at 16.4%.

• Optimism Trails Behind:

  • Active on Avalanche: Only 21.0% of Avalanche-active users interact with Optimism, the lowest among the chains.

  • Inactive on Avalanche: 12.8% of Avalanche-inactive users are still active on Optimism, suggesting it lags in attracting multichain users.

Key Insight: 73.9% of the top 10K Avalanche addresses have been active in the past 90 days, indicating a strong engagement level among high-value or frequently used accounts.

Overview

The chart highlights the distribution of user activity across different categories, focusing on DeFi, DEX, Token, NFT, DApp, and other subcategories within the Avalanche network.

Key Insights:

• DeFi and DEX Dominance: Users are highly involved in decentralized finance and trading activities, underlining Avalanche's strength as a DeFi platform.

• Cross-Chain Activity: Strong bridge user numbers emphasize Avalanche's role in cross-chain interoperability.

• Growth Areas: NFT and GameFi sectors show potential for growth but currently lack substantial traction.

• Opportunities for Expansion: Sectors with lower engagement, such as gaming and centralized exchange use, could benefit from targeted incentives and ecosystem development efforts.

1. Top Categories by Engagement (Above 95%):

   • Token Users (97.7%) and DEX Users (97.09%) are the most prominent categories, showcasing that nearly all users in the top 10K interact with tokens and decentralized exchanges.

   • DeFi Users (95.52%) and Bridge Users (95.28%) also show high engagement, reinforcing Avalanche’s strength in DeFi and interoperability.

2. Mid-Level Engagement (77-53%):

   • DApp Users (77.94%) account for a significant portion, indicating that a majority of users interact with applications beyond finance.

   • NFT Users (53.93%) make up just over half, signaling growth potential in Avalanche’s NFT ecosystem.

3. Low Engagement (Below 2%):

   • Game Users (1.72%) and CEX Users (1.26%) are the smallest categories by percentage, suggesting areas of improvement, especially for GameFi and centralized exchange interaction within the ecosystem.

1. Avalanche Activity Insights:

• A significant portion of users remains active on Avalanche, while others show dormancy or have shifted to other chains, indicating opportunities for re-engagement.

2. Multichain Activity Trends:

• Ethereum: Dominates as a preferred chain for both active and inactive Avalanche users, emphasizing its central role in the ecosystem.

• Arbitrum, Base, and Polygon: Popular alternatives, showing strong engagement and potential for collaboration.

• Optimism: Lags behind other chains, requiring strategic partnerships to boost adoption.

3. Strategic Opportunities:

• Re-engagement: Dormant users can be reactivated with incentives such as rewards, reduced fees, or exclusive offers.

• Cross-Chain Collaboration: Strengthen ties with Ethereum, Arbitrum, Base, and Polygon to attract multichain users.

• Retention: Highlight Avalanche’s competitive advantages, such as speed, low costs, and ecosystem innovation, to retain and grow the user base.