$1,000 in Avalanche in 2023

A $1,000 investment in Avalanche (AVAX) made in January 2023 would be worth about $835 as of May 2026 (latest complete month) — a ×0.83 return, or −5.3% per year. Adjusted for US inflation (CPI), that equals $751 in 2023 dollars. The same $1,000 in the S&P 500 with dividends reinvested would have grown to $1,967.

In plain terms: after stripping out +11.2% US inflation since January 2023, today's $835 buys roughly what $751 bought back in 2023 — a ×0.75 gain in actual purchasing power.

Avalanche is a smart-contract platform that launched in 2020 and peaked during the 2021 alt-L1 rotation, when capital chased Ethereum competitors. AVAX rose enormously from its 2020 lows to the 2021 top — and gave most of it back, a textbook altcoin round trip.

Data as of · updated weekly

Worth today
$835
×0.83 · −5.3%/yr
Inflation-adjusted
$751
in 2023 dollars
S&P 500 instead
$1,967
same period, dividends reinvested
Gold instead
$2,622
same period, futures price

The actual numbers: Avalanche since 2023

AVAX price in January 2023$10.90
AVAX price as of May 2026$9.10
Nominal return×0.83 (−5.3%/yr)
US CPI inflation since January 2023+11.2%
Real (inflation-adjusted) return×0.75 (−8.2%/yr)
Same money in the S&P 500$1,967

Methodology: start-of-month prices, one-time purchase, no fees or taxes assumed. Full methodology.

What happened in 2023

2023 was the quiet recovery from the FTX bottom: Bitcoin climbed from $16,500 to about $42,000 as fear faded and BlackRock's spot-ETF filing in June rewrote the institutional narrative.

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Year
Month
Worth today
$835
×0.83 · −5.3%/yr
Inflation-adjusted
$751
in 2023 dollars
S&P 500 instead
$1,967
dividends reinvested
Gold instead
$2,622
same period

Avalanche vs S&P 500 total return vs uninvested cash eroded by CPI. Monthly grid, start-of-month prices.

FAQ: Avalanche returns since 2023

How much would $1,000 invested in Avalanche in 2023 be worth today?

About $835 as of May 2026 — a ×0.83 return. Adjusted for inflation, that equals $751 in 2023 dollars. This assumes a one-time purchase in January 2023 at $10.90 and never selling.

What does “inflation-adjusted” mean here?

US consumer prices rose +11.2% between January 2023 and May 2026 (CPI). So $835 today buys roughly what $751 bought in 2023. We deflate by CPI to show the gain in actual purchasing power.

Did Avalanche beat the S&P 500 since 2023?

No. $1,000 in Avalanche is worth $835, while the same money in the S&P 500 with dividends reinvested would be $1,967.

What was the average annual return of Avalanche since 2023?

−5.3% per year nominal (CAGR over 3.3 years), or −8.2% per year after CPI inflation.

Where does the data come from?

Crypto prices: Coin Metrics community data and Binance public market data. S&P 500: total-return index (^SP500TR). Inflation: US CPI (CPIAUCSL) from FRED. All series use a monthly grid and refresh weekly.

Avalanche in other years

202020212022202320242025

Other assets in 2023

Bitcoin BTCEthereum ETHSolana SOLDogecoin DOGECardano ADAXRP XRPLitecoin LTCBNB BNB

Educational purposes only — not investment advice and not a recommendation to buy or sell any asset. Past performance is not indicative of future results. Calculations assume a one-time purchase at the start-of-month price, no fees, no taxes and no selling.