Avalanche protocol has invested years and hundreds of millions of dollars to create what can be called the industry's simplest L1 chain factory—resulting in any team now only needing to pay about 1.3 AVAX (currently priced at 20 dollars) per month to deploy a fully autonomous high-performance Layer-1 chain.
From inversion to Citibank, from BlackRock's funds to top gaming studios, they are all building exclusive chain networks, enjoying 100% transaction fees, MEV profits, and token value dividends.
What has AVAX gained? Only the destruction of 1.3 tokens per month. That's all.
This raises a sharp question: why does Avalanche Labs operate this strongest blockchain factory in history day and night while only charging a negligible price?
Currently, to protect the mainnet's security, validators and delegators have locked over 280 million AVAX (worth over 4 billion dollars). If there is no economic value returned to AVAX apart from that 20-dollar monthly fee, what is the incentive for long-term staking?
The existing value capture mechanism presents a threefold dilemma:
• 1.3 AVAX per month destruction vs. inflation dilution → a drop in the bucket
• Future transaction fee sharing proposals → not yet implemented
• DATs mechanism buying AVAX → although launched, its scale is in doubt
At its essence: Avalanche has built a wealth-generating machine that only sells for 20 dollars a month yet can print sovereign blockchains, while isolating the machine's owners (AVAX holders) from the value distribution system. When creators find it hard to share the value they create, this precise machine will ultimately face a severe test from the votes of ecological participants.
