Avalanche's decentralized exchange (DEX) trading volume soared to a record $31 billion in September, fueled by institutional partnerships and the tokenization of real-world assets. The network experienced a 201% surge in activity, with active addresses increasing by 22% to 753,455.
Technical analysis indicates that AVAX, Avalanche's native token, could reach $50 if it maintains support above critical levels. Institutional interest is growing, with firms like Skybridge Capital and Mirae Capital participating. Weekly DEX volumes also reached a three-year high of $4.2 billion, underscoring the network's expanding influence.
Avalanche DEX Volume Hits $31 Billion, AVAX Targets $50
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