Avalanche Price Forecast: AVAX Due to increased demand from institutional RWA by 5%
2026-10-07 01:29:11
CoinMeta Data: Avalanche ( AVAX ) has risen by about 5% in the past 24 hours, benefiting from the growing demand from institutions for real-world assets ( RWA ). The current trading price of AVAX is around $11.45, with a 24-hour trading volume of over $560 million and a market value of approximately $5.1 billion. The token has seen a significant rebound since its September lows, driven by the Avalanche being used as an infrastructure for tokenized funds, securities, and institutional settlements. A recent major catalyst was the launch of Lynq, an institutional settlement network built on Avalanche technology, which made Goldman Sachs' Financial Plaza Treasury Tools Fund available to participants. On September 22nd, Avalanche also activated Helicon and carried out a series of technical upgrades to improve trading speed and reduce costs.
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Source:Coinpaper
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