A series of new developments within the Avalanche ecosystem indicate it maintains steady growth. Additionally, it is increasingly becoming a hub for stablecoin projects and real-world asset (RWA) tokenization.
This raises the question of whether AVAX is currently at an attractive price point for a buying opportunity.
Avalanche Attracts Institutional Interest With Expanding Ecosystem
As reported by BeInCrypto, Wyoming officially launched the first state-issued stablecoin in the US. Notably, this stablecoin chose Avalanche (AVAX) as its deployment infrastructure instead of Ethereum (ETH).
Beyond the US, Avalanche has also made its mark in Japan, where a yen-pegged stablecoin has received regulatory approval and is preparing to launch on the network. The rise of stablecoins on AVAX shows that the blockchain steadily earns institutional recognition. This development highlights its expansion beyond traditional use cases.
At the same time, major corporations are beginning to explore Avalanche’s potential.
Toyota recently released a whitepaper on its Mobility Orchestration Network, highlighting efforts to build a new technology infrastructure based on Avalanche. Meanwhile, Anthony Scaramucci’s SkyBridge Capital announced plans to tokenize $300 million worth of assets on Avalanche, further strengthening the platform’s position in the RWA trend.
Moreover, from an on-chain perspective, Avalanche has also shown impressive growth. Statistics reveal that AVAX ranks second with an average monthly transaction volume per user of $206,000, while Ethereum leads with $521,000.
In addition, the network has surpassed 50 million unique wallet addresses, reflecting its ongoing user expansion. Avalanche’s ecosystem development activity also ranks among the top in RWA projects, with Nansen data indicating increasing levels of engagement.
These figures highlight that Avalanche is closing on Ethereum’s position across multiple sectors. However, AVAX’s market valuation is still considered low. Many experts even argue that AVAX is one of the most “undervalued” major blockchains.
“It’s actually embarrassingly cheap considering the developments the last 12 months,” an X user shared.
With all these factors converging, there is reason to believe that AVAX is undervalued and could represent a promising investment opportunity. Given the pace of ecosystem expansion and growing institutional recognition, Avalanche will likely continue attracting new capital inflows, restoring AVAX to a more deserving position in the crypto market.
Of course, risks remain. The crypto market is in a sensitive phase, marked by high volatility and influenced by macroeconomic factors. While Avalanche is expanding, it still faces fierce competition from Ethereum and other layer-1 blockchains such as Solana.
Coinbase
eToro
eToro
eToro
eToro
COCA wallet
UpHold
Moonacy
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
