Stakers earn new AVAX. Fee burns cover very little.
AVAX runs Avalanche: 443.35M coins circulate, 94% of all made so far. Supply is capped at 720M, and every fee is destroyed.
Sell pressure. Stakers earned 2.19M AVAX of new coins in 90 days, and the Foundation's quarterly tranche added 1.67M. The next tranche opens on Nov 8 2026.
Buy pressure. Fee burns removed 70.7K AVAX, more than half of it in the last 30 days.
Net. Net, supply grows about 0.85% in 90 days, and about 0.80% next.
New AVAX is minted to pay stakers, set aside when a stake starts and paid when it ends, until supply reaches the 720M cap. The network's supply count rose 2,189,306 AVAX in these 90 days, about 24,300 a day, with 186.2M AVAX staked. Since the Helicon upgrade on Sep 22 2026 the lowest reward rate falls step by step from 10% to 7.5% until late December, so new stakes earn less: we expect about 2.01M AVAX in the next 90 days.
The Avalanche Foundation's genesis share unlocks every quarter: 1,666,800 AVAX opened on Aug 10 2026, and the same amount opens on Nov 8 2026. After that, 25.0M AVAX stays locked, released 1,666,800 at a time until Jul 2030. The team and early-sale shares finished vesting years ago.
Two Foundation holdings we track: the 26.67M AVAX still locked (the quarterly tranches above), and coins already unlocked — 2.74M AVAX sits staked on its genesis addresses, and on Sep 23 2026 it bought 2.08M AVAX back from a listed treasury company, held in wallets it does not publish. Everything unlocked is already counted as circulating, so a Foundation sale moves coins between holders and adds no new supply.
No bankruptcy estate or trustee holds AVAX. Treasury companies hold AVAX they bought from the Foundation with sale limits that end month by month, but those coins already count as circulating, so their release adds nothing new.
No program buys AVAX back. Network fees are destroyed instead, and that is counted as the fee burn below.
Every fee paid on Avalanche's main chains is destroyed. Fees on the C-Chain removed 68,612 AVAX in these 90 days, and fees from the chains that run on Avalanche, paid each second to keep their validators, removed about 2,100 more. The burn rose fast at the end: 41,739 AVAX in the last 30 days. Since late September validators have set a higher minimum gas price, so at the rate since then we expect about 137K AVAX burned in the next 90 days.
On Sep 23 2026 the Foundation bought 2,082,372 AVAX from a listed treasury company for $15M. Those coins were already circulating and stay in the Foundation's hands, so the purchase takes nothing out of the float.
About 186.2M AVAX is staked, and since Sep 22 2026 a stake can be as short as 48 hours and renew itself. Staked AVAX still counts as circulating, so staking takes nothing out of the float — it only drives the rewards above.
Two sides: how much people want AVAX right now, and how much buying could come later.
This part is based on social media. It shows how hot AVAX is right now. A better rank means more people are talking about it.
Today, people are talking about AVAX for two reasons:
On Oct 14 2026 Avalanche said the DIFC Courts in Dubai now record a digital fingerprint of court orders and hearing records on its main chain. Anyone can check in seconds that a paper is real and unchanged, while the case details stay private. People ask if more government work like this will bring real use to AVAX.
AVAX traded near $9.89 on Oct 17 2026, down about 15% from its Oct 7 2026 level near $11.60. It is still up about 30% in 30 days. People ask if the September and October run can hold while the whole market is weak.
Checked Oct 17 2026
Supply and demand point to a mixed long-run signal for Avalanche (Oct 17 2026, score 6/10). Avalanche adds +0.80% new supply in 90 days, and demand reads strong (3.5/5). Avalanche's price drivers: 1 ▲ price up, 1 ▼ price down.
No, it looks alive. US funds grew their AVAX from 0.8M to 4.9M by Jun 30 2026. The worry is treasury firms: two hold about 27M AVAX, and one sold 2.1M on Sep 23 2026, so selling from them could still hurt. By supply and demand, Avalanche's long-run signal is mixed today.
We would read Avalanche differently if new supply keeps arriving (+0.80% in 90 days), or demand falls from strong, or Treasury firms keeps pointing down. Until then Avalanche's signal stays mixed.
Avalanche scores 6/10 on our framework (Oct 17 2026): supply 2.5/5 (moderate), demand 3.5/5. Over the next year Avalanche's supply changes +3.19%. The long-run signal is mixed.
Supply and demand favor Avalanche most when little new supply is coming, demand is strong and the price drivers point up. Right now Avalanche has +0.80% new supply in 90 days (moderate), demand strong (3.5/5), drivers 1 ▲ / 1 ▼.
Avalanche's price drivers today: 1 pointing up, 1 pointing down, out of 2. ▼ Treasury firms: Two firms hold ~27M AVAX; one sold 2.1M on Sep 23 2026. ▲ ETF AVAX held: US funds' AVAX rose from 0.8M to 4.9M by Jun 30 2026.
Avalanche: mixed signal, 6/10 · Bitcoin: positive signal, 8.5/10 (Oct 17 2026). By supply and demand, Avalanche reads weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. AVAX supply grows +0.80% in the next 90 days, so it shows in red: more AVAX reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
More coins: CC · UNI · SUI · Which crypto to buy now → · Embed this coin
Was this page useful?