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According to the REKT database, for the first 5 months of 2022, projects on the Avalanche chain have lost more than $75 million due to various exploits and exit scams. In most cases, hackers exploited vulnerabilities in Avax smart contracts. Projects relying on Avax have a substantial monetary and reputational incentive to ensure the security of their Avalanche smart contracts.
Avalanche is Ethereum-compatible proof of stake blockchain.
Avalanche is an open programmable smart contracts platform built for decentralized apps.
Total valued locked in Avalanche blockchain:
March 2021 – $200M
November 2021 – $13B
May 2022 – $5B
The number of projects on Avalanche Blockchain:
+50 projects monthly at peak popularity
Hacken is one of the best Avalanche smart contract audit companies. With 5 years of expertise in Web 3.0 cybersecurity, we are well aware of all the risks caused by hackers. We are also aware of the pains faced by projects working with unqualified auditors. By contrast, Hacken is a top-tier Avalanche smart contract audit firm with a solid reputation, transparency, methodology based on the best industry practices, and community trust.
Hacken security experts audit different types of contracts for the Avalanche chain, including ERC20 token, staking, and farming. Our auditors use various methods, including architecture review, functional testing, computer-aided verification, and manual check, to deliver effective and timely smart contract code review and security analysis.
Hacken has already conducted five Avalanche smart contracts audits: Pera Fiance, Inventuna Teknoloji A.S., MetagamZ, Cesta Finance, and Platypus Finance.
Powered by Avalanche, Pera Finance is the first DEX Optimizer designed to boost on-chain trading volume via trader incentives.
Cesta Finance is the next generation DeFi Reserve Currency that combines DeFi 2.0 with yield farming & indexes.
Platypus Finance is a thoughtfully crafted AMN on Avalance that offers lower slippage, higher scalability, and a better user experience for stableswap.
Inventuna Teknoloji A.S. is a development team behind Heros Chained, a real-time fantasy action RPG game with a novel GameFi concept called Play and Earn.
MetagamZ is the first VR-enabled ecosystem that allows Game Publishers to generate revenues through GameFi.
Avalanche smart contracts audit targets a wide range of security vulnerabilities that Hacken auditors identify using code reviews and functional reviews.
Code reviews identify the issues of reentrancy; ownership takeover; timestamp dependence; gas limit and loops; transaction-ordering dependence; violations of the style guide, EIP standards, and ERC20API; unchecked external call and math; unsafe type inference; implicit visibility level, and deployment and repository consistency.
Functional reviews reveal security vulnerabilities in business logic; functionality; access control and authorization; manipulation of escrow, token supply, data consistency, and user balances; assets integrity; and kill-switch mechanism.
Our audit experience shows that the most common high and critical vulnerabilities are missed ownership checks, external programs validation failure, and missing signer checks.
As Avalanche smart contract auditing firm, Hacken offers your company important benefits of ensuring security excellence, gaining community trust, and building a more robust marketing impact.
Avalanche smart contract auditing services assess your code based on four measurements: documentation quality, code quality, architecture quality, and security score. The Hacken team also produces a final score for the assessment audit that gives you a good understanding of the overall quality of your Avalanche smart contract code.
Our auditors provide a client with a detailed report on security vulnerabilities of four different severity levels: low, medium, high, and critical. We pay extra attention to high and critical vulnerabilities because they may lead to the highest risks of exploits, asset losses, and data manipulations. For each security vulnerability, we provide a recommendation on how to solve it.
Security Vendor trusted by leading Web 3.0 players:
>800 clients in total
6% share in the Web 3.0 cybersecurity market
By 2024, Hacken is going to win a 20% share in the Web 3.0 cybersecurity market.
The Enterprise Ethereum Alliance
The voice of the Hacken team makes a difference.
Hacken: certified ethical hackers on your side
Leading media write about Hacken and our activities including our role in defending Ukraine in cyberspace.
The duration of a Solana smart contract audit may range between a few days for simple projects and a few weeks for complex code.
Avalanche smart contract audit price (average): $10K – $30K