$AVAX Tokenomics Breakdown
Reported Market Cap: $2.88B
Adjusted Market Cap: $3.61B
FDV: $4.78B
Avalanche currently has 544.46M $AVAX released, representing 75.61% of the total supply.
That leaves 175.61M $AVAX unreleased, or 24.39% of supply still waiting to enter circulation over time.
The gap between the reported market cap and adjusted market cap shows that some circulating tokens may not be fully liquid or readily tradable, so the market is valuing the network higher than the headline circulating-cap figure suggests.
Avalanche has also burned 4.59M $AVAX since inception, equal to about 0.84% of released supply. However, only 925 $AVAX was burned in the past 30 days, meaning current burn pressure is very low compared with the remaining supply that can still unlock.
The project raised around $498M, giving Avalanche strong historical backing and resources for ecosystem growth. But from an investor perspective, the key thing to monitor is how the remaining 24.39% unreleased supply enters the market.
Key takeaway
$AVAX has a relatively high percentage of supply already released, which reduces future dilution compared with tokens that still have 50–80% locked.
Still, with roughly 175.61M $AVAX yet to unlock and low recent burn activity, price performance will depend heavily on demand growth, network usage, ecosystem activity, and whether new supply is absorbed by buyers.
$AVAX is not heavily diluted anymore, but unlocks are still a factor to watch.
When the market starts bouncing after a downtrend, focus on BTC and ETH first. Leave altcoins alone until the market shows sustained strength and stability.