Avalanche Radar · Q2 2026

Avalanche Ecosystem Radar

Avalanche ecosystem radar (Q2 2026 curator set): seven protocols, one structured diligence pass — not a TVL leaderboard.

Generated May 17, 2026Source pull May 17, 2026Methodology v1.0

Protocols

All scored, 6 high confidence

AVAX TVL

$796.3M

Aave V3 leads ($331.1M)

30d Fees

$81.1M

Aave V3 leads ($74.0M / 91%)

High Confidence

1 low: Kite (TVL data gap)

Executive Summary

Selected for strategic relevance to Avalanche ecosystem Q2 2026 — curated spotlight, not a comprehensive TVL ranking. Composite scoring across 7 curator protocols; strongest signals this pass: Aave V3, Grove Finance, Blackhole. Confidence mix — high: 6, medium: 0, low: 1. This is ecosystem intelligence for operators, not investment advice.

Rankings

Curated protocol matrix

Ranked by composite CAIS score. Click any row to jump into the protocol diligence card.

Rank	Protocol	Category	Score	Confidence	AVAX TVL	30d Fees
#1	Aave V3	Lending	73.8	high	$331.1M	$74.0M
#2	Grove Finance	Onchain Capital Allocator	65.7	high	$258.7M	$6.2M
#3	Blackhole	DEX	61.2	high	$32.4M	$432.1K
#4	OpenTrade	RWA	55.8	high	$135.5M	$43.7K
#5	Pharaoh V3	Dexs	55.2	high	$38.5M	$483.3K
#6	Kite	Prediction markets / agentic infrastructure	37.5	low	n/a	n/a
#7	Arena SocialFi	SoFi	36.8	high	$185.8K	$2.3K

Aave V3

Lending

73.8

high

AVAX TVL

$331.1M

30d Fees

$74.0M

Grove Finance

Onchain Capital Allocator

65.7

high

AVAX TVL

$258.7M

30d Fees

$6.2M

Blackhole

DEX

61.2

high

AVAX TVL

$32.4M

30d Fees

$432.1K

OpenTrade

RWA

55.8

high

AVAX TVL

$135.5M

30d Fees

$43.7K

Pharaoh V3

Dexs

55.2

high

AVAX TVL

$38.5M

30d Fees

$483.3K

Kite

Prediction markets / agentic infrastructure

37.5

low

AVAX TVL

n/a

30d Fees

n/a

Arena SocialFi

SoFi

36.8

high

AVAX TVL

$185.8K

30d Fees

$2.3K

Category Spotlights

Within-category signals

These are not broad market winners. Each spotlight is scoped to its category and the curated Q2 2026 set.

DEX

blackhole

Blackhole leads the DEX bucket in this curator pass (61.2/100, confidence high).

Dexs

pharaoh-v3

Pharaoh V3 leads the Dexs bucket in this curator pass (55.2/100, confidence high).

Lending

aave-v3

Aave V3 leads the Lending bucket in this curator pass (73.8/100, confidence high).

Onchain Capital Allocator

grove-finance

Grove Finance leads the Onchain Capital Allocator bucket in this curator pass (65.7/100, confidence high).

Prediction markets / agentic infrastructure

kite

Kite leads the Prediction markets / agentic infrastructure bucket in this curator pass (37.5/100, confidence low).

RWA

opentrade

OpenTrade leads the RWA bucket in this curator pass (55.8/100, confidence high).

SoFi

arena-socialfi

Arena SocialFi leads the SoFi bucket in this curator pass (36.8/100, confidence high).

Protocol Diligence

Score breakdowns

Composite scores are model-assisted and dimension-weighted. Confidence reflects data completeness, not endorsement.

#1Rank

Aave V3

Lending · aave-v3

Core DeFi liquidity plumbing for Avalanche borrowers and suppliers.

Composite

73.8

high confidence

Dimension Scores

Real Usage Traction

raw 9.0 · weight 20

Real usage / traction: Usage proxy from fees/deployment.

18.0 / 20

Liquidity Economic Activity

raw 7.8 · weight 15

Liquidity & economic activity: Avalanche TVL from ingestion.

11.7 / 15

Fees Revenue Value Capture

raw 9.7 · weight 10

Fees / revenue / value capture: 30d fee aggregate from DefiLlama fees adapter (may be multi-chain).

9.7 / 10

Growth Trend

raw 2.0 · weight 10

Growth trend: 30d TVL change -18.7%.

2.0 / 10

Product Ux

raw 7.5 · weight 10

Product & UX (category baseline): Category baseline for Lending; reduced when manual TODO backlog is high.

7.5 / 10

Token Business Sustainability

raw 7.3 · weight 10

Token & business sustainability: Token AAVE with market data when present.

7.3 / 10

Security Risk Profile

raw 8.5 · weight 10

Security & risk posture: Heuristic from 1 audit record(s), Immunefi bounty, mixed team disclosure, and data-quality penalties.

8.5 / 10

Avalanche Ecosystem Fit

raw 8.5 · weight 10

Avalanche ecosystem fit: Contracts on Avalanche + category alignment with ecosystem priorities.

8.5 / 10

Narrative Strength

raw 1.0 · weight 5

Narrative / social signal: Twitter/social proxies only — GitHub excluded from scoring.

0.5 / 5

#2Rank

Grove Finance

Onchain Capital Allocator · grove-finance

Curator-selected strategic exposure for Q2 2026 ecosystem narrative.

Composite

65.7

high confidence

Dimension Scores

Real Usage Traction

raw 7.6 · weight 20

Real usage / traction: Usage proxy from fees/deployment.

15.3 / 20

Liquidity Economic Activity

raw 7.5 · weight 15

Liquidity & economic activity: Avalanche TVL from ingestion.

11.3 / 15

Fees Revenue Value Capture

raw 7.6 · weight 10

Fees / revenue / value capture: 30d fee aggregate from DefiLlama fees adapter (may be multi-chain).

7.6 / 10

Growth Trend

raw 6.0 · weight 10

Growth trend: 30d TVL change 0.4%.

6.0 / 10

Product Ux

raw 6.0 · weight 10

Product & UX (category baseline): Category baseline for Onchain Capital Allocator; reduced when manual TODO backlog is high.

6.0 / 10

Token Business Sustainability

raw 4.0 · weight 10

Token & business sustainability: No liquid token signal.

4.0 / 10

Security Risk Profile

raw 6.5 · weight 10

Security & risk posture: Heuristic from 0 audit record(s), no active bounty, doxxed team disclosure, and data-quality penalties.

6.5 / 10

Avalanche Ecosystem Fit

raw 8.5 · weight 10

Avalanche ecosystem fit: Contracts on Avalanche + category alignment with ecosystem priorities.

8.5 / 10

Narrative Strength

raw 1.0 · weight 5

Narrative / social signal: Twitter/social proxies only — GitHub excluded from scoring.

0.5 / 5

#3Rank

Blackhole

DEX · blackhole

Trading and liquidity venue critical for AVAX DeFi depth.

Composite

61.2

high confidence

Dimension Scores

Real Usage Traction

raw 5.9 · weight 20

Real usage / traction: Usage proxy from fees/deployment.

11.9 / 20

Liquidity Economic Activity

raw 5.0 · weight 15

Liquidity & economic activity: Avalanche TVL from ingestion.

7.5 / 15

Fees Revenue Value Capture

raw 5.3 · weight 10

Fees / revenue / value capture: 30d fee aggregate from DefiLlama fees adapter (may be multi-chain).

5.3 / 10

Growth Trend

raw 6.0 · weight 10

Growth trend: 30d TVL change 1.1%.

6.0 / 10

Product Ux

raw 7.0 · weight 10

Product & UX (category baseline): Category baseline for DEX; reduced when manual TODO backlog is high.

7.0 / 10

Token Business Sustainability

raw 6.0 · weight 10

Token & business sustainability: Token BLACK with market data when present.

6.0 / 10

Security Risk Profile

raw 8.5 · weight 10

Security & risk posture: Heuristic from 2 audit record(s), Code4rena bounty, pseudonymous_with_track_record team disclosure, and data-quality penalties.

8.5 / 10

Avalanche Ecosystem Fit

raw 8.5 · weight 10

Avalanche ecosystem fit: Contracts on Avalanche + category alignment with ecosystem priorities.

8.5 / 10

Narrative Strength

raw 1.0 · weight 5

Narrative / social signal: Twitter/social proxies only — GitHub excluded from scoring.

0.5 / 5

#4Rank

OpenTrade

RWA · opentrade

Tokenized fund/RWA conduit for regulated capital on Avalanche.

Composite

55.8

high confidence

Dimension Scores

Real Usage Traction

raw 4.4 · weight 20

Real usage / traction: Usage proxy from fees/deployment.

8.9 / 20

Liquidity Economic Activity

raw 6.8 · weight 15

Liquidity & economic activity: Avalanche TVL from ingestion.

10.1 / 15

Fees Revenue Value Capture

raw 3.3 · weight 10

Fees / revenue / value capture: 30d fee aggregate from DefiLlama fees adapter (may be multi-chain).

3.3 / 10

Growth Trend

raw 5.0 · weight 10

Growth trend: Growth trend unknown.

5.0 / 10

Product Ux

raw 7.0 · weight 10

Product & UX (category baseline): Category baseline for RWA; reduced when manual TODO backlog is high.

7.0 / 10

Token Business Sustainability

raw 4.0 · weight 10

Token & business sustainability: No liquid token signal.

4.0 / 10

Security Risk Profile

raw 8.5 · weight 10

Security & risk posture: Heuristic from 1 audit record(s), no active bounty, doxxed team disclosure, and data-quality penalties.

8.5 / 10

Avalanche Ecosystem Fit

raw 8.5 · weight 10

Avalanche ecosystem fit: Contracts on Avalanche + category alignment with ecosystem priorities.

8.5 / 10

Narrative Strength

raw 1.0 · weight 5

Narrative / social signal: Twitter/social proxies only — GitHub excluded from scoring.

0.5 / 5

#5Rank

Pharaoh V3

Dexs · pharaoh-v3

Trading and liquidity venue critical for AVAX DeFi depth.

Composite

55.2

high confidence

Dimension Scores

Real Usage Traction

raw 6.0 · weight 20

Real usage / traction: Usage proxy from fees/deployment.

12.0 / 20

Liquidity Economic Activity

raw 5.2 · weight 15

Liquidity & economic activity: Avalanche TVL from ingestion.

7.9 / 15

Fees Revenue Value Capture

raw 5.4 · weight 10

Fees / revenue / value capture: 30d fee aggregate from DefiLlama fees adapter (may be multi-chain).

5.4 / 10

Growth Trend

raw 4.0 · weight 10

Growth trend: 30d TVL change -6.7%.

4.0 / 10

Product Ux

raw 7.0 · weight 10

Product & UX (category baseline): Category baseline for Dexs; reduced when manual TODO backlog is high.

7.0 / 10

Token Business Sustainability

raw 4.0 · weight 10

Token & business sustainability: No liquid token signal.

4.0 / 10

Security Risk Profile

raw 6.0 · weight 10

Security & risk posture: Heuristic from 1 audit record(s), no active bounty, anonymous team disclosure, and data-quality penalties.

6.0 / 10

Avalanche Ecosystem Fit

raw 8.5 · weight 10

Avalanche ecosystem fit: Contracts on Avalanche + category alignment with ecosystem priorities.

8.5 / 10

Narrative Strength

raw 1.0 · weight 5

Narrative / social signal: Twitter/social proxies only — GitHub excluded from scoring.

0.5 / 5

#6Rank

Kite

Prediction markets / agentic infrastructure · kite

Agentic / prediction infrastructure aligned with Avalanche L1 experimentation.

Composite

37.5

low confidence

Dimension Scores

Real Usage Traction

raw 2.0 · weight 20

Real usage / traction: Usage proxy from fees/deployment.

4.0 / 20

Liquidity Economic Activity

raw 0.0 · weight 15

Liquidity & economic activity: TVL missing — liquidity inferred from token mcap proxy.

0.0 / 15

Fees Revenue Value Capture

raw 0.0 · weight 10

Fees / revenue / value capture: Fees unavailable.

0.0 / 10

Growth Trend

raw 5.0 · weight 10

Growth trend: Growth trend unknown.

5.0 / 10

Product Ux

raw 6.0 · weight 10

Product & UX (category baseline): Category baseline for Prediction markets / agentic infrastructure; reduced when manual TODO backlog is high.

6.0 / 10

Token Business Sustainability

raw 6.0 · weight 10

Token & business sustainability: Token KITE with market data when present.

6.0 / 10

Security Risk Profile

raw 9.5 · weight 10

Security & risk posture: Heuristic from 2 audit record(s), Code4rena bounty, doxxed team disclosure, and data-quality penalties.

9.5 / 10

Avalanche Ecosystem Fit

raw 7.0 · weight 10

Avalanche ecosystem fit: Contracts on Avalanche + category alignment with ecosystem priorities.

7.0 / 10

Narrative Strength

raw 0.0 · weight 5

Narrative / social signal: Twitter/social proxies only — GitHub excluded from scoring.

0.0 / 5

#7Rank

Arena SocialFi

SoFi · arena-socialfi

Curator-selected strategic exposure for Q2 2026 ecosystem narrative.

Composite

36.8

high confidence

Dimension Scores

Real Usage Traction

raw 2.5 · weight 20

Real usage / traction: Usage proxy from fees/deployment.

5.1 / 20

Liquidity Economic Activity

raw 0.0 · weight 15

Liquidity & economic activity: Avalanche TVL from ingestion.

0.0 / 15

Fees Revenue Value Capture

raw 0.7 · weight 10

Fees / revenue / value capture: 30d fee aggregate from DefiLlama fees adapter (may be multi-chain).

0.7 / 10

Growth Trend

raw 4.0 · weight 10

Growth trend: 30d TVL change -8.0%.

4.0 / 10

Product Ux

raw 6.0 · weight 10

Product & UX (category baseline): Category baseline for SoFi; reduced when manual TODO backlog is high.

6.0 / 10

Token Business Sustainability

raw 6.0 · weight 10

Token & business sustainability: Token ARENA with market data when present.

6.0 / 10

Security Risk Profile

raw 6.0 · weight 10

Security & risk posture: Heuristic from 1 audit record(s), no active bounty, anonymous team disclosure, and data-quality penalties.

6.0 / 10

Avalanche Ecosystem Fit

raw 8.5 · weight 10

Avalanche ecosystem fit: Contracts on Avalanche + category alignment with ecosystem priorities.

8.5 / 10

Narrative Strength

raw 1.0 · weight 5

Narrative / social signal: Twitter/social proxies only — GitHub excluded from scoring.

0.5 / 5

Risk Register

Methodology risks and data gaps

This is part of the report, not a legal footer. It shows where the scoring is strongest and where the data is thin.

high

Curated spotlight — not exhaustive coverage

This report evaluates seven strategist-selected protocols. Absence from the list is not a negative signal.

medium

Cross-chain fee/TVL attribution

DefiLlama fee aggregates may include non-Avalanche activity when protocol detail endpoints fail. Treat economics as directional.

medium

kite

Kite: incomplete market telemetry

Protocol detail missing on DefiLlama — TVL/growth may be under-reported until slug mapping is fixed.

Aggregate Data Gaps

Monthly active wallets/addresses requires a delegated analytics connector (Nansen, Flipside, Dune+) — Snowtrace helpers only approximate contract traffic.
DefiLlama miss — coverage absent as of 2026-05-17; relying on Snowtrace + curator-supplied data only.

Methodology

The source methodology is rendered directly from the frozen publication artifact.

Avalanche Ecosystem Radar — Agent Methodology (CAIS)

Use this skill when running Phase B1 ingestion + Phase B2 synthesis for the curated Q2 2026 Avalanche protocol set.

Framing (non-negotiable)

Report title mindset: "Selected for strategic relevance to Avalanche ecosystem Q2 2026"
This is not a comprehensive TVL ranking or "top dApps" list.
GitHub may appear as a footnote only — never a scored dimension.

Curated universe (7)

Key	Protocol	Category
aave	Aave V3	Lending
arena	Arena	Social / SocialFi
kite	Kite	Prediction / agentic
grove	Grove Finance	Institutional lending
opentrade	OpenTrade	RWA
pharaoh	Pharaoh	DEX
blackhole	Blackhole	DEX

Scoring rubric (100 points)

Dimension	Weight
realUsageTraction	20
liquidityEconomicActivity	15
feesRevenueValueCapture	10
growthTrend	10
productUx	10
tokenBusinessSustainability	10
securityRiskProfile	10
avalancheEcosystemFit	10
narrativeStrength	5

Confidence (high | medium | low) is separate from score — reflects data completeness, not quality of protocol.

Agent team (B2 pipeline order)

ecosystemMapperAgent — curator framing + universe
dataAgent — numeric scoring from ingestion JSON
productAgent — UX baseline notes (category heuristics in v1)
categorySpecialistAgent — within-category spotlights (not cross-category winners)
tokenBusinessAgent — token/treasury narrative constraints
riskAgent — structured risk register
avalancheFitAgent — AVAX deployment / subnet relevance
redTeamAgent — confidence haircuts, methodology challenges
xReportEditorAgent — executive summary + X thread + table prompts

Commands

cd scripts/ecosystem-radar
npm install

# B1 — fetch curated ingestion
npx tsx bin/fetch.ts --chain avalanche \
  --protocols arena,kite,aave,grove,opentrade,pharaoh,blackhole \
  --out data/avalanche-curated-$(date +%F).json

# B2 — synthesize report
npx tsx bin/synthesize.ts --in data/avalanche-curated-$(date +%F).json

Valid output contract

B2 report JSON must include: executiveSummary, protocolAssessments[] (score + confidence + explanations), categorySpotlights[], aggregateDataGaps[], risks[], xThreadDraft, visualTableSuggestions[], agentSummaries.

Future connectors (B3)

DefiLlama protocol detail slug repair (fix null AVAX TVL)
Nansen / Flipside for MAU
Manual curator fields: audits, team disclosure, bug bounty

Agent Summaries

Ecosystem Mapper Agent

Mapped 7 curator protocols + Q2 2026 strategic theme matrix (7 rows).

Data Agent

Scored 7 protocols on 9 dimensions (100 pts). GitHub excluded from scoring.

Product Agent

Product/UX dimension uses category baselines; no live app crawl in B2 v1.

Category Specialist Agent

Published 7 within-category spotlights (not cross-category winners).

Token Business Agent

Token sustainability uses market cap + symbol presence; treasury/emissions need manual curator inputs.

Risk Agent

Logged 3 structured risk findings including methodology disclosures.

Avalanche Fit Agent

Ecosystem-fit dimension rewards Avalanche contract presence; subnet/L1 narratives flagged in strategic blurbs.

Red Team Agent

Applied confidence haircuts when manual TODO density indicated weak primary-source coverage.

X Report Editor Agent

(no summary)