The crypto market just got hit with a snowstorm—and no, we’re not talking about Bitcoin. AVAX is on fire today, jumping a massive 38% in just 24 hours, climbing to $45.72 as of June 10. This isn’t just some random pump; it’s backed by a flurry of bullish updates and a serious uptick in activity across Avalanche’s DeFi ecosystem.
Avalanche Grabs the Spotlight
With over $1.2 billion now locked in AVAX-based protocols, the blockchain is regaining serious DeFi traction. Major liquidity has flowed into platforms like Trader Joe and Benqi, driving transaction volumes to a 6-month high. On top of that, Avalanche’s subnets (custom blockchains) are getting adopted by several enterprise-level firms, which is no small flex.
Big wallets are also joining the party. According to on-chain data, whale transactions over $1 million have more than doubled this week. Institutions seem to be eyeing Avalanche not just as a high-speed blockchain, but as a full-fledged ecosystem ripe for scaling real-world applications—from gaming to tokenized finance.
But the cherry on top? AVAX just announced a partnership with a major Asian fintech firm, aiming to bring tokenized real estate to its subnet infrastructure. That alone is turning heads in both crypto and traditional finance circles.
The snowball effect is real—and it’s Avalanche rolling downhill with full force.
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