Avalanche has announced a proposed $10 billion buyback of its native token, AVAX, as real-world assets (RWA) on its network surpass $400 million. This move is part of a broader strategy to enhance the platform's appeal to institutional investors and drive adoption.
The network's unique subnet architecture provides tailored blockchain solutions for enterprises, contributing to increased interest from both retail and institutional sectors. With the added factors of token scarcity due to fee burning and a capped supply of 720 million AVAX, Avalanche is poised for strong performance in the fourth quarter.
Avalanche Proposes $10 Billion AVAX Buyback Amid RWA Growth
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