AVAX in compounding phase
→ Supply overhang? Gone.
→ 90%+ unlocked.
→ Metrics rising. No more excuses.
In 2021: $144 ath, 140m tokens live.
→ FDV peaked $105b.
Today: 420m unlocked.
→ FDV: just $25b. Price: still -70%.
What changed, $Avax?
Back then: low float, high beta, little depth.
Now: Top 15 asset, rising usage, real fee flow.
→ TVL: $2.2b (up from $1b, post reset)
→ DAUs: 50k – 100k
→ 1m+ transactions / day
→ Revenue from C-chain + subnets
This isn’t hype. It’s structural.
2021 was float games. 2025 is system flow.
No more headwinds.
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