- Avalanche DEX trading volume reached a record $31 billion, highlighting massive network growth.
- Institutional partnerships and real-world asset tokenization boosted adoption and user activity.
- Technical analysis targets $50 if AVAX maintains support above key levels.
Avalanche’s AVAX is lighting up September with staggering growth numbers. The blockchain posted a record $31 billion in decentralized exchange trading volume, a milestone that electrifies both retail and institutional traders. Network activity surged 201% over the past month, while active addresses jumped 22% to 753,455. These figures reveal a blockchain gaining momentum like a snowball racing downhill. Despite a recent price dip, analysts see strong signals that AVAX could rally toward the $50 mark.
Institutional Moves Fuel Avalanche’s Expansion
Avalanche has become a rising force in real-world asset tokenization. Total value locked in that sector climbed to $726 million, placing Avalanche behind only Ethereum, ZkSync, and Polygon. Big-name investors have noticed. Anthony Scaramucci’s Skybridge Capital announced plans to bring $300 million in assets onto the network. Mirae Capital Management, which oversees $316 billion, also partnered with Avalanche, highlighting growing trust from traditional finance.
AgriFORCE Growing Systems added another spark by planning to raise $550 million for AVAX tokens through the AVAX One project. Backers include Scaramucci and Hivemind Capital, reinforcing institutional confidence. These moves could act like powerful currents, pulling more capital and users toward the ecosystem.
Meanwhile, weekly DEX volumes hit $4.2 billion, the highest in three years. That consistency signals sustained interest well beyond short-term speculation. Corporate treasuries are even accumulating AVAX, showing that companies view the token as more than a trading play. Each of these developments feeds a narrative of growth and credibility that few networks can match.
Technical Setup Points to $50 Target
Chart watchers highlight a double-bottom pattern forming at $15.84 with a neckline at $27. AVAX broke above that neckline on September 9 and later retested it successfully. Staying above the 100-day Exponential Moving Average adds to the bullish picture. Price targets based on this pattern suggest $50 as the next resistance level, an 82% climb from current prices.
Analysts caution that a drop below $20 would invalidate the setup. Traders watch that key support with hawk-like focus. Still, momentum remains strong, and the Securities and Exchange Commission is reviewing spot AVAX ETF applications. Approval could ignite another wave of buying pressure, adding fuel to the rally. Avalanche’s role in decentralized finance and NFTs keeps demand rising beyond speculation.
Nearly 50 million monthly transactions confirm that users engage with the network at a record pace. Like a river gaining speed before a waterfall, Avalanche appears ready for a dramatic move.With surging volumes, heavyweight institutional support, and bullish technical signals, Avalanche stands on the edge of a potential breakout.
