Avalanche by Ava Labs: status and timeline

Milestones

Next · RWA and institutional finance expansion

Avalanche whitepaper and testnet2018Complete.
Mainnet launch with C-Chain and X-ChainSep 2020Complete.
P-Chain and Subnet ecosystem launch2021Complete.
Q1 2026: Builder incentives and institutional RWA adoptionQ1 2026Complete.
Q2 2026: Record volume (235.6M txs), Japanese deployments liveQ2 2026Complete.
Series D+ funding roundJun 2026Complete.

Most important updates

Avalanche C-Chain sets record with 235.6M transactions in Q2 2026; Japanese institutional deployments underwayJul 2026
Avalanche Q1 2026: Aggressive builder incentives push and institutional RWA adoptionJan 2026
Avalanche Subnet ecosystem launches, enabling custom application-specific L1 blockchains2021
Avalanche mainnet launches with X-Chain, P-Chain, and C-ChainSep 2020

Upcoming

2026RWA and institutional finance expansion (next)

Current obstacles

Subnet liquidity fragmentationWhile custom blockchains allow specialization, they can fragment liquidity pools, making DeFi applications less efficient across chains.
Institutional compliance infrastructureScaling tokenized securities requires robust custody, settlement, and regulatory compliance solutions beyond the blockchain.

Physics limits

Network bandwidth limits throughputEven with an efficient consensus protocol, total network bandwidth limits the maximum transactions per second across all Subnets.
Cross-Subnet communication overheadApplications spanning multiple Subnets must pay latency and communication costs, limiting interoperability benefits.

How it works

3 parts

Consensus

Avalanche Consensus Protocol

Novel voting-based consensus achieves sub-second finality via repeated sampling, enabling high speed and security.

C-Chain

EVM-compatible main chain

The primary chain uses the Ethereum Virtual Machine, allowing Solidity smart contracts and DeFi applications to run with minimal changes.

Subnets

Custom application-specific blockchains

Application developers can create custom L1 blockchains (Subnets) with their own consensus and rules while sharing security with validators.

Spec sheet

Spec	Avalanche
C-Chain transactions (Q2 2026)	235.6 million^R (reported)
Stablecoin transfer volume (Q2 2026)	$84.4 billion^R (reported)
DEX volume (Q2 2026)	$8.7 billion^R (reported)
Median transaction fee (Q2 2026)	$0.000014^R (reported)
Block time (since April 2026)	Below 1 second^R (reported)
Real-world asset TVL (Q2 2026)	$1.65 billion^R (reported)

^R reported by the company

Papers & demos

1 item

2018paper
Avalanche: A Scalable, Decentralized Blockchain (opens arxiv.org)Foundational paper describing the Avalanche consensus protocol and its properties.

Update log

4 updates

About Ava Labs

The team behind Avalanche

Ava Labs

Avalanche blockchain, custom L1s, RWA, institutional

Ava Labs builds Avalanche, a Layer-1 with sub-second finality for custom application-specific blockchains. Focused on institutional finance, tokenized securities, and real-world assets.

C-Chain: 235.6M transactions in Q2 2026, $84.4B stablecoin volume, $8.7B DEX volume.
Median fees: $0.000014 (99.6% YoY drop); block times below 1 second since April.
Founded 2018 by Sirer (CEO), Sekniqi (co-founder), Ted Yin. Series D+ $450M June 2026; $1.25B total.

avax.network (opens avax.network)Company profile →

Founded: 20188 yrs
Headquarters: United States
Status: Private
Valuation: $9.5BprivateJul 2026
Raised: $900M3 rounds
Last round: Series D+ · $450MJun 2026
Works in: CryptoBlockchains (L1s)
Coverage: 1 program · 5 updateslatest 1 Jul 2026checked 10 Oct
Customers: TIS Inc. (opens tis.co.jp)Toyota Blockchain Lab (opens toyota.com)Konami (opens konami.com)Ponta (opens ponta.jp)
People: Emin Gün Sirer (opens en.wikipedia.org)CEO and Co-founderKevin Sekniqi (opens yespress.io)Co-founder, former COO; now Senior Advisor for EngineeringMaofan Ted Yin (opens fiftech.cs.ucsb.edu)Co-founder, Chief Protocol System Architect

Spec

Avalanche

C-Chain transactions (Q2 2026)

235.6 million^R (reported)

Stablecoin transfer volume (Q2 2026)

$84.4 billion^R (reported)

DEX volume (Q2 2026)

$8.7 billion^R (reported)

Median transaction fee (Q2 2026)

$0.000014^R (reported)

Block time (since April 2026)

Below 1 second^R (reported)

Real-world asset TVL (Q2 2026)

$1.65 billion^R (reported)

Avalanche

Milestones

Most important updates

Upcoming

Current obstacles

Physics limits

How it works

Avalanche Consensus Protocol

EVM-compatible main chain

Custom application-specific blockchains

Spec sheet

Papers & demos

Update log

Jul 2026

Jan 2026

2021

Sep 2020

About Ava Labs

Current obstacles

Physics limits

How it works

Avalanche Consensus Protocol

EVM-compatible main chain

Custom application-specific blockchains

Spec sheet

Papers & demos

Update log

Jul 2026

Jan 2026

2021

Sep 2020

About Ava Labs