Crypto
Avalanche Surmounts Short-Term Triangle Formation, Institutional Adoption Rises
Avalanche (AVAX) has broken out of its short-term triangle formation, sending a bullish signal as it continues to rise.
The price of AVAX has surged by 16.84% over the past seven days, reaching above $7.50 and nearing $8.50.
According to Delphi Digital, the use of private L1 solutions on the Avalanche network is expanding among institutional users.
Progmat has processed transactions worth over $1.2 billion on the Avalanche network, while Axiym has handled transactions valued at over $1.6 billion.