24h Change-0.77%
All Time HighNov 21, 2021$144.96
All Time LowDec 31, 2020$2.8
Market Cap$3.437b
Fully Diluted Valuation$5.731b
Circ. Supply431.77m AVAX
Max Supply720m AVAX
Outstanding FDV$5.731b
CEX Volume$138.07m
DEX Volume$125.22m
Raydium AMM · Solana$6.22m
Thorchain DEX · Avalanche$4.48m
Ecosystem Foundation raise · Mar 26, 2022$100m
Private token sale · Dec 12, 2024$250m
Strategic · Mar 19, 2026Undisclosed
How much debt can be issued against AVAX as collateral across lending protocols.
Maximum possible exposure to AVAX
$5.14m
$5.14m (max additional borrows against AVAX)
Aave V3
$5.14m at-risk exposure = -- bad debt if hacked + $5.14m additional borrowable against AVAX
Showing collateral exposure for AVAX on Avalanche. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for AVAX as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
AVAX0x0000000000000000000000000000000000000000 | $5.14m | — |
Risk-management actions published about AVAX by tracked risk managers and governance contributors, newest first.
Current AVAX borrow utilization on Aave V3 Avalanche is low at 43%, needing $30M more demand to reach optimal levels; ggAVAX's high yields enable borrowers to afford higher interest rates, driving increased AVAX borrowing and revenue for lenders and the DAO.
Borrow caps for AVAX staking derivatives are recommended lower than current levels due to liquidity risks for both the underlying AVAX and staked asset, similar to stETH-ETH price deviations that could impact reserve pools.
Validators earn ~8% APR on staked AVAX, with up to 5% of rewards delegable to veQI holders; models assume QI holding risk equals AVAX risk, predicting rational convergence to 0% risk premium over time as trust grows. Increasing Benqi's staked AVAX linearly scales QI staking and delegation value.
Gauntlet is integrating its simulation platform for continuous risk management on Aave V3 AVAX, starting with smart contract integration and ETL pipelines to model new features like e-mode and isolation mode. This covers the $1.4B supplied market to optimize capital efficiency while balancing risks such as recursive positions in correlated assets.
AVAX scores B+ on Index Coop's risk assessment due to strong market cap ($15B), high transaction volume (79M on C-chain), and 1.8M holders, despite normalized volatility of 6.21%. These metrics support aligning parameters with the community's moderate risk tolerance, allowing higher borrowing capacity.
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Showing 10 of 119 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWAVAX-USDCCL 0.06% | $3.06m | 946% | 0% | 321% | |||||
| open in new tabWAVAX-USDCCL - 1 | $1.73m | 218056% | 0% | 53530% | |||||
| open in new tabWAVAX-USDCCL - 200 | $869,170 | 708% | 0% | 472% | |||||
| open in new tabWAVAX-USDCUniswap | $320,455 | 169% | 79.22% | ||||||
| open in new tabWAVAX-USDCCL - 1 | $256,293 | 354827% | 0% | 72905% | |||||
| open in new tabUSDT-WAVAXCL - 200 | $77,358 | 734% | 0% | 499% | |||||
| open in new tabAVAX-USDC0.05% | $59,606 | 7300% | 7300% | 2055% | |||||
| open in new tabWAVAX-USDCCL - 50 | $42,028 | 1700% | 0% | 2935% | |||||
| open in new tabXAUT0-WAVAXCL - 200 | $13,156 | 648% | 0% | 101% | |||||
| open in new tabWAVAX-BLACKCL - 200 | $10,347 | 198% | 0% | 380% |
Showing 10 of 92 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabAVAX âžž BTC.B | $109.86m | 1.91% | 1.99% | -0.11% | 74% | $7.55m | $4.34m | ||
| open in new tabWAVAX âžž BTC.B | $109.86m | 0.93% | 1.00% | -0.11% | 68% | $139.96m | $52.88m | ||
| open in new tabAVAX âžž GGAVAX | $484,192 | 1.94% | 1.99% | -0.06% | 74% | $7.55m | $4.34m | ||
| open in new tabWAVAX âžž GGAVAX | $484,192 | 0.96% | 1.00% | -0.06% | 68% | $139.96m | $52.88m | ||
| open in new tabAVAX âžž BTC.B | $340,126 | 1.79% | 1.99% | -0.28% | 74% | $7.55m | $4.34m | ||
| open in new tabWAVAX âžž BTC.B | $340,126 | 0.82% | 1.00% | -0.28% | 68% | $139.96m | $52.88m | ||
| open in new tabAVAX âžž SAVAX | $111,599 | 1.99% | 1.99% | 0% | 74% | $7.55m | $4.34m | ||
| open in new tabWAVAX âžž SAVAX | $111,599 | 1.00% | 1.00% | 0% | 68% | $139.96m | $52.88m | ||
| open in new tabAVAX âžž WETH.E | $36,390 | 1.40% | 1.99% | -0.79% | 74% | $7.55m | $4.34m | ||
| open in new tabAVAX âžž SHIB | $11,551 | 0.87% | 1.99% | -1.51% | 74% | $7.55m | $4.34m |
