Avalanche AVAX

Price

At a glance

The four pillars

Each scored 0–100 relative to the Layer 1 sector (not absolute). Composite weights are sector-specific.

Valuation

AVAX is a base-layer economy; the honest denominator is P/REV (market cap ÷ fees + MEV). It prints a P/Revenue of 2280.6× — absurd by equity standards, which is why the signal is the sector-relative z-score and its trend, never the level. The moat lens (value-secured ÷ mcap, the 'cost to turn it off') carries more weight than the multiple. On the Value pillar it screens rich versus its sector (32/100 sector-relative).

Tokenomics & dilution

Float is 93% of fully-diluted — most supply is already liquid, so dilution overhang is minimal (a structural positive). Hard-capped max supply (720,000,000) — no perpetual inflation. Unlock dates are contractual and public — the closest thing crypto has to an earnings calendar, and the market systematically underprices them. (Live unlock-calendar integration is the next data layer.)

Network & moat

Value capture: INDIRECT — value accrues via staking/collateral/gas demand. Network/moat is this token's heaviest pillar — the Metcalfe lens (value scales with the square of real users) and the 'economic value destroyed if you turn it off' test. Winners compound network effects; that's why the moat pillar is slow-moving and structural.

How to invest

Hold / watch — own it for sector exposure, not as a standout; trade around a core. Below the 200-day ($9.71) — trend is broken; wait for reclaim before accumulating.