Avalanche RWA Volume Soars 360%, But AVAX Price Stagnates Below Key Resistance

Avalanche's native token AVAX has been stuck below $6.92 despite a significant surge in transfer volume for tokenized real-world assets on its network.

The RWA transfer volume jumped 360% to $365 million over the past 30 days, according to an update from Avalanche.

This growth was driven by increased activity involving tokenized funds, equities, treasuries, and private credit assets.

However, AVAX has not reflected this fundamental growth in its price, which remains stagnant around $6.45.

The divergence between rising network usage and AVAX's price has become a visible disconnect in the current crypto market.