Avalanche Price Surges 8% as Real-World Asset Market Growth Accelerates

Avalanche (AVAX) price has been on the rise after an 8% pump, trading above $6.70.

The growth in Avalanche's real-world asset market is one of the key drivers behind this surge, with a 22.6% increase to $2.5 billion.

Tokenized U.S. Treasuries on Avalanche have also seen significant growth, increasing by 68% to $842 million in just 30 days.

Analyst Michael van de Poppe is optimistic about AVAX's medium-term outlook, stating that the token is 'holding up nicely' and forming a higher low for support.