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The Snow Report by Avalanche: January 2026

Here’s your monthly report covering updates and news from the Avalanche ecosystem.

Have feedback or want to learn more? Please contact brian.leiberman@avalabs.org.

January Spotlight

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Avalanche Launches $1,000,000 Builder Competition, Build Games

Build Games is a six week global online builder competition created to get more crypto native builders experimenting, shipping, and launching new products on Avalanche. This is the first competition of its kind in crypto, attracting upcoming talent to build in Avalanche’s growing ecosystem.

Avalanche is looking for projects that solve real problems, explore new onchain behaviors, or push the Avalanche ecosystem forward in some way. Early stage ideas are welcome as long as teams are serious about turning them into working products.

Throughout the competition, participants have access to workshops, mentors, office hours, and a global builder community designed to stay active even after the program ends.

Applications open today, and are reviewed on a rolling basis. Spots are limited and submissions close once capacity is reached.

Learn more

Network & Data Highlights

One Billion Transactions on the C-Chain

Source: total C-Chain transactions

5M AVAX Burned

Source: total network fees burned

Major News Across the Ecosystem

The First-Ever AVAX ETF From VanEck Is Now Tradable on NASDAQ

The VanEck Avalanche ETF ($VAVX) is a U.S.-listed exchange-traded product providing direct exposure to Avalanche’s native token, AVAX. The Trust tracks AVAX’s price using a benchmark index and may generate income by staking up to 70% of its holdings through Coinbase, subject to a 4% staking service fee.

$VAVX trades on Nasdaq and represents a meaningful expansion of institutional access to AVAX.

Learn more here.

Native USDC on Avalanche Is Now Live for IBKR Clients via Zerohash

Interactive Brokers (IBKR), one of the biggest online brokerages in the world, now lets customers use digital dollars (Circle-issued USDC) that run on Avalanche to fund their trading accounts—a capability enabled by Zerohash.

Instead of waiting for bank wires or dealing with banking hours, customers can move money instantly, any time of day, even on weekends, using USDC.

Learn more here.

Galaxy Launches Tokenized CLO on Avalanche With $50M Allocation From Grove

Galaxy has closed Galaxy CLO 2025-1, a new-issue collateralized loan obligation deployed on Avalanche. This marks Galaxy’s first CLO issuance and will be used to support the company’s lending activities. The transaction reflects Galaxy’s strategy to evolve its lending and asset management capabilities through the debt capital markets. With a $75 million debut issuance, Galaxy’s tokenized CLO is anchored by a $50 million allocation from Grove, reflecting the next phase of Grove’s onchain credit strategy.

Learn more here.

Galaxy Launches Tokenized CLO on Avalanche With $50M Allocation From Grove

Galaxy has closed Galaxy CLO 2025-1, a new-issue collateralized loan obligation deployed on Avalanche. This marks Galaxy’s first CLO issuance and will be used to support the company’s lending activities. The transaction reflects Galaxy’s strategy to evolve its lending and asset management capabilities through the debt capital markets. With a $75 million debut issuance, Galaxy’s tokenized CLO is anchored by a $50 million allocation from Grove, reflecting the next phase of Grove’s onchain credit strategy.

Learn more here.

LARUSSELL Sells Album on EVEN

Hip Hop artist LaRussell dropped his independent album on the EVEN platform, powered by Avalanche. One of the album purchases was for $11,001 and it was NBA star Kyrie Irving. While the minimum support cost was $1, 97% of fans voluntarily paid more, with Snoop Dogg even gifting the album to many fans, directly on the platform. EVEN, built on its own Avalanche L1, is creating infrastructure for independent artists to succeed by eliminating middlemen, providing fans better access, and ensuring instant artist payment.

Learn more here.

Retro9000, a $40M Grant Program, Rewards Developers Driving Avalanche Transactions

In its ongoing mission to empower developers and strengthen the Avalanche ecosystem, Retro9000, the up to $40M retroactive grant program, today announces the C-Chain Round.

Funded by the Avalanche Foundation, the C-Chain Round is focused on rewarding builders who generate genuine on-chain activity on the Avalanche C-Chain, measured by AVAX burned through gas fees.

If you’re a builder, this is your opportunity to be rewarded for shipping real products on the Avalanche C-Chain. If you’re part of the community, your usage, referrals, and support directly influence which projects rise to the top.

Learn more

Avalanche in the Press

Alternative Credit Investor

Galaxy debuts $75 million tokenized CLO on Avalanche to fund Arch Lending facility →

The Street

Avalanche launches $1M competition for onchain innovation →

Sherwood News

Avalanche joins class of cryptocurrencies with at least one ETF →

The Block

First AVAX ETF hits US markets as VanEck launches AVAX fund →

The Street

Ava Labs General Counsel says crypto’s regulatory signals will come from SEC, CFTC rules →

Avalanche Podcasts & Broadcasts

  • Markets on Chain: Digitizing the World’s Assets with Ava Labs GC Lee Schneider →

  • Building AI-native blockchain infrastructure with Kite AI's Lei Lei →

  • John Wu covers news about the Avalanche network and Build Games on CNBC →

  • Ava Labs’ Olivia Vande Woude joins NYSE in Davos to discuss the future of stablecoins and tokenization →

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