AVAX · a hard cap that binds the 2030s, and a mint that binds this quarter.
AVAX is the staking and gas asset of Avalanche, a three-chain network with a fixed ceiling of 720M coins. 473.79M has been created so far and 431.77M is counted as tradable, so the ceiling is real but still 246.21M away.
Sell pressure. 3.41M AVAX in 90 days — 1.74M minted as staking rewards, read straight off the network supply counter, plus a 1.667M Foundation cliff that opened on Jul 25 2026.
Buy pressure. 40,512 AVAX burned as fees. There is no buyback at all, and the burn retires about one coin for every 43 the network creates.
Net. About +0.78% to market over 90 days and +0.78% again over the next 90, with another 1.667M cliff on Oct 24 2026. Supply is heading up, steadily rather than sharply.
- Foundation quarterly cliff+1.667M AVAXOct 24 2026 · original coins moving from locked to tradable
Avalanche pays validators out of a reserved half of its 720M ceiling, and 246.21M of that reserve has still never been minted. The network keeps one supply counter, and reading it at both ends of the window shows it rose from 472.05M to 473.79M — 1,743,299 new AVAX in 90 days. The reward is an annual rate on staked AVAX rather than a payment per block, and it shrinks on its own as the reserve drains, so the next 90 days come in near 1.73M.
Every original allocation is fully released except the Foundation's, which pays a 1,667,000 AVAX cliff each quarter to 2030. One landed on Jul 25 2026, inside this window. The next lands on Oct 24 2026 for the same amount. These are original coins moving from locked to tradable, not new ones.
No public evidence of release in window — monitored. Watched: the Foundation's remaining locked allocation, still on its quarterly calendar to 2030; the 31.67M AVAX that has been minted but is not counted as tradable; and a Nasdaq-listed treasury company holding about 13.8M AVAX, of which 7.8M is pledged against loans and which flagged going-concern doubt on Aug 26 2026.
AVAX has no bankruptcy estate, no trustee and no court-ordered distribution attached to it.
Avalanche has no buyback of any kind. The reward mechanism only mints; nothing in the protocol ever buys AVAX back.
Every transaction fee on Avalanche is destroyed outright — not just the base part, the tip as well, on all three chains. Summed across the window that came to 40,512 AVAX, against 38,142 in the previous 90 days, so the pace is steady. It is real and permanent, but it retires about one coin for every 43 the network creates.
No public evidence of release in window — monitored. The Foundation has disclosed no open-market purchase, and the listed treasury company's Aug 26 2026 repurchase programme buys its own shares, not AVAX.
Staking is what produces the mint on this page, so it cannot also be counted as a lock against it. Nothing else parks AVAX for a fixed term.
My research. My portfolio. Free.
Deep research weekly. My real holdings monthly.