Avalanche price rises by 54%, surpassing competitors in the growth of RWA
2026-10-02 03:02:12
CoinMeta data: The price of Avalanche has risen by 53.70% in the past month, and network reports indicate that its real asset market capitalization has increased by $266 million in 30 days, surpassing the combined total of the next two chains. Avalanche released this data on September 29th, stating that institutional assets are increasingly being tokenized on Avalanche. The current price of AVAX is around $10.96, which is still about 63% lower than the record high of $147 in November 2021. After a significant rebound, the latest growth story of Avalanche is closely related to tokenized financial products. On September 18th, New York Life Investment Management launched the first major tokenized fund on Avalanche, managing over $800 billion in assets, which may support tokenized corporate bonds and institutional-level credit. The price increase of Avalanche is closely linked to activities surrounding tokenized assets, and the latest RWA data provides a different context for this price rise.
Source:The Coin Republic
This content is for market information only and does not constitute investment advice.
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