Security State 2022: Avalanche Ecosystem

Demyd Korotkykh
Security analyst at HackenProof
2 Minutes Read

Researching security of Avalanche projects

The goal of the research was to learn how much the Avalanche ecosystem is secured. To calculate this, we’ve agreed on 2 factors that determine the security:

  • code audits
  • bug bounties

The first thing off was listing all Avalanche projects. When we were categorizing these projects, we noticed that a lot of them are associated with the blockchain rather than used to connect with the blockchain. That is why we’ve filtered out third-party projects that do not connect directly with Avalanche.

In the end, we’ve got 163 projects:

  • 99 DeFi
  • 48 Infrastructure
  • 16 Wallets

We’ve then counted how many Avalanche projects are protected by either of the approaches.

Avalanche Security Infographics

Research Insights

  • Almost 40% of the projects have either a bug bounty or an audit
  • Avalanche-supported wallets are the most secured category, despite having only half of the wallets secured
  • Avalanche projects prefer a bug bounty over audits (26.4% > 20.2%)
  • DeFi projects prefer to be audited, while infrastructure and wallet projects prefer bug bounties
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