Each quarter compounds its three months — the coarsest grain that still shows a cycle turning inside a single year.
This page compresses Avalanche (AVAX)'s history into four cells per year — Q1 through Q4 — coarse enough to watch a cycle turn inside a single year. Q4 2021 is AVAX's defining cell — the alt-L1 boom compressed into a single quarter near the top of the scale — with the 2022 quarters unwinding it in stages. Later cycles print sharper, shorter quarter patterns, including the memecoin-driven revival on its own chain.
Each quarter compounds its three calendar months from UTC daily closes, so a cell is what a position held through those months would actually have returned. AVAX's data starts at its perpetual listing in September 2020. The late-2021 alt-L1 run and the 2022 unwind account for much of the spread in its totals, with sharper short cycles since.
Avalanche is down 18.4% quarter-to-date in Q4 2026, compounding October through the daily close of 25 October 2026 (UTC). The figure keeps moving until the quarter closes.
Avalanche returned +67.4% in Q3 2026, its most recent completed quarter, compounding that quarter's three monthly returns. The median Q3 return on record is +1.3%, so it came in above the norm.
Avalanche's 2026 quarters so far: Q1 −27.6%, Q2 −26.7%, Q3 +67.4%, Q4 −18.4% (in progress). Compounded together they put Avalanche down 27.5% year-to-date.
2025: Q1 −47.4%, Q2 −4.3%, Q3 +67.1%, Q4 −59.0%. The strongest quarter was Q3 at +67.1% and the weakest Q4 at −59.0%; the full year compounded to −65.5%.
Across 6 completed Q4s on record, the median Q4 return for Avalanche is −2.8%. The best Q4 was 2023 at +317.3%, the worst 2025 at −59.0%, and 3 of 6 closed positive. The current Q4 is excluded until it closes.
By median return across all completed years, Q1 has been Avalanche's strongest quarter at +14.7% and Q2 its weakest at −36.2%. Q1 +14.7%, Q2 −36.2%, Q3 +1.3%, Q4 −2.8% are the four medians; they shift as each new year is added.
Across 25 completed quarters, Avalanche's best was Q1 2021 at +915.2% and its worst Q2 2022 at −82.6%. 10 of 25 quarters closed positive.
Q4 2021, when the alt-L1 narrative peaked — its most saturated quarterly cell. The staged red quarters of 2022 that follow show a boom unwinding in slow motion.
AVAX's history here begins at its first daily perpetual-futures candle on Binance in September 2020, so the grid starts with the first quarter completed after that date. All medians are computed from that point on.
Because returns compound. A +10% month followed by a −10% month leaves −1%, not 0%. The quarterly figure multiplies the monthly factors together, which is the return a held position would actually see.