Reflects the value derived from facilitating transactions across the Avalanche network, acting as a medium for payment and settlement.
[1] = ƒ(transaction_volume, average_gas_fee, token_velocity)
transaction_volume — is the total volume of transactions processed by the Avalanche network (across X-Chain, P-Chain, and C-Chain) within a given periodaverage_gas_fee — is the average cost incurred per transaction, often referred to as the gas fee, for network usagetoken_velocity — describes how frequently AVAX tokens are transferred or utilized within the network over time, reflecting the token’s liquidity and its function as a settlement mechanismRepresents the deflationary value appreciation of the AVAX token due to the burning of transaction fees on the Avalanche Primary Network and supporting subnets.
[21] = ƒ(transaction_volume, burn_rate)
transaction_volume — is the total volume of transactions processed across the Avalanche Primary Network (X-Chain, P-Chain, C-Chain) and subnets within a given periodburn_rate — illustrates the proportion of transaction fees, paid in AVAX, that are permanently removed from circulation to reduce the token supplyRepresents the cashflow, denominated in AVAX, from staking rewards allocated to the validator as compensation for their efforts in maintaining the Avalanche network’s consensus and operational integrity.
[22] = ƒ([81], total_reward, validator_allocation, commission_level)
total_reward — is the total AVAX tokens reserved for staking rewards to be distributedvalidator_allocation — represents the portion of the cashflow, in AVAX, allocated to the validator as compensation for their efforts in operating nodes and validating transactionscommission_level — is the fee percentage established by the validator to define the extra reward they receive beyond a fully proportional allocation of staking rewardsRepresents the cashflow, measured in AVAX, from staking rewards distributed to the delegator for staking their tokens with a validator, after accounting for the validator’s commission fee.
[23] = ƒ([82], total_reward, validator_allocation, commission_level)
total_reward — is the total AVAX tokens reserved for staking rewards to be distributedvalidator_allocation — represents the portion of the cashflow, in AVAX, allocated to the validator as compensation for their efforts in operating nodes and validating transactionscommission_level — is the fee percentage established by the validator to define the extra reward they receive beyond a fully proportional allocation of staking rewardsRepresents the potential financial loss for the validator and delegator due to due validator misbehaviour. Financial loss in this case is reflected through the withholding of staking rewards.
[7] = ƒ(amount_staked, reward_denial_rate, reward_denial_probability)
amount_staked — is the total amount of AVAX tokens staked by the validator in the Avalanche network, measured in AVAX, indicating the capital subject to reward-related riskreward_denial_rate — is the proportion of expected staking rewards that would be forfeited if a validator fails to meet performance requirements, such as maintaining adequate uptimereward_denial_probability — is the likelihood of a validator engaging in actions that trigger reward withholding within a given period, influenced by validator performance and network conditionsRepresents the critical operations undertaken by the validator, such as running nodes and confirming transactions.
[81] = binary
binary — indicates (true/false) whether a validator is actively fulfilling their responsibilities, including node maintenance and transaction validation, within the Avalanche network.Represents the act of delegating AVAX stake by the delegator to a validator.
[82] = binary
binary — is a boolean indicator (true/false) denoting whether a delegator is actively delegating their AVAX tokens to a validator to support transaction validation on the Avalanche Primary Network.