It rose by more than 100% in two months, and there are 8 reasons for the growth of AVAX

GameFi, tokenization, RWA… Avalanche is leading the way. It has been noted that $AVAX has grown by +80% in the last 30 days. But what are the factors behind this growth? Here are the top 8 reasons driving $AVAX growth

Avalanche Vista

Avalanche launched Avalanche Vista in July 2023, a $50 million fund to drive blockchain tokenization. The $50 million fund will be used to invest in different tokenized sectors such as stocks, credit, real estate, and commodities.

Asset tokenization is one of the most obvious use cases for blockchain in the real world, with Citibank predicting that asset tokenization in the private market will reach $4T by 2023 in a report, and Citigroup launched its tokenization service to institutional clients in September.

Several projects have been built on Avalanche to provide tokenized assets, such as:

• @intainft — a tokenized market for asset-backed securities

• @DEFYCALABS - Tokenized private debt

• @bitbond—Tokenization tools

With Vista, Avalanche contributes to the growth and adoption of OnFi (on-chain finance). They have partnered with major institutions around the world, such as the @Securitize tokenized @KKR_Co fund on Avalanche, democratizing top private equity funds to on-chain investors.

Republic Note

• Republic has invested $2.6B in a variety of businesses, including Avalanche

• Republic Note is a digital investment token that pays dividends to holders

• Dividends are the profits that Republic earns from the shares it holds

Project Guardian

The initiative of the Singapore MAS has also boosted Avalanche’s growth in the tokenization space. The project aims to test the viability of asset tokenization, DeFi, and consists of several industry-leading players such as Apollo, BNY Mellon, Onyx by JPM, and others.

Apollo and Onyx have partnered with Avalanche to test automation and tokenization in the portfolio management industry, and they are partnering with @LayerZero_Labs to provide access to funds provided by WisdomTree, a leading asset manager.

Partners:

• Aims to provide private tokenized “alternatives” such as equity, private credit, real estate, etc

• is an extension of the Onyx digital asset product that processes $1B-$2B of tokenized assets per day

Investors can access these alternatives on-chain.

African on-chain FX

Canza Finance recently launched its forex product, Baki, on Avalanche, which creates a liquid market for African forex currencies at the official CB exchange rate, enabling users to hedge their forex risk.

wstETH LayerZero

LayerZero integrates the wstETH token to move it across Avalanche, BNB Chain, Scroll. While the proposal has not yet been officially accepted by LidoDAO, wstETH itself has 7.4K holders and 3.4M ETH (about $7B) value.

ThirdWeb Partners

ThirdWeb’s partnership with AvaCloud enables developers to build custom application chains using its proven web3 development kit, a partnership that abstracts the complexities associated with launching custom chains from scratch.

Citi Forex Solutions

Citibank has partnered with Avalanche to service its spot foreign exchange market. Partnerships can:

• Real-time quotes

• Fast on-chain transaction execution

• Compliance Registration

The ultimate goal is the end-to-end blockchain-based transactions of the blockchain, which also falls under MAS’s Project Guardian protection. This partnership has put bilateral spot forex traders to the test, starting with the USD/SGD currency pair, with on-chain solutions designed to provide real-time quote streams and store data on the blockchain.

All of these developments are driven by the following factors:

• Avalanche Evergreen: Tailored for KYC/AML compliance agencies

• AvaCloud: Low/no-code solution for deploying custom chains with all supported tools

Avalanche Gaming Ecosystem

Avalanche has a large number of game subnets, all of which are some of the popular games designed to enable a seamless player experience with personalized subnets:

• @playSHRAPNEL

• @spellbornegame

• @PlayProvidence

All of these partnerships have resulted in growth potential for Avalanche and $AVAX, resulting in a 17% increase in its TVL and an 80% increase in prices over the past 30 days.

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