Avalanche Sees Major Price Surge Amid Ecosystem Developments

AVAX has surged nearly 7% over the past day after touching $6.92 on Tuesday before retreating to $6.79.

This price action comes as several developments boost activity across the Avalanche ecosystem.

The network's RWA (Revenue, Rewards, and Fees) holder count has seen significant growth, with 9,218 holders making it the ninth-largest blockchain by this metric.

Avalanche also continues to attract stablecoin issuers, with its market cap near $1.5 billion.