Avalanche's network has achieved a new record in distributed real-world asset (RWA) value, surpassing $1.16 billion on-chain. This milestone is largely attributed to increased activity from institutional players like BlackRock, which has bolstered its allocations to the USD Institutional Digital Liquidity Fund. The network has seen a 58% growth in RWA value over the past two weeks, enhancing its appeal as a distribution layer for tokenized securities. Despite broader market weakness, AVAX has maintained its $9.00 support level, trading around $9.25. The token has faced a 4% decline in the past 24 hours, influenced by Bitcoin's brief dip below $75,000. Key support levels for AVAX include $9.00 and $8.30, with potential resistance at $10.40 and $12. The token's near-term performance is expected to correlate with Bitcoin's price movements and institutional interest in Avalanche's RWA offerings.