Avalanche (AVAX) has surged 10% over the past 24 hours as more than $2 billion in real-world assets (RWAs) prepare to migrate to its ecosystem. This institutional adoption is being led by Progmat, which is launching a dedicated Japan-focused Avalanche Layer 1 to leverage on-chain privacy. The network’s Open Interest rose 18%, and technical analysis indicates a breakout from a consolidation pattern, with a key liquidity target near $15.
The Avalanche network’s token, AVAX, recorded a 10% price surge as over $2 billion in real-world assets are set to migrate to its ecosystem. This move is centered on Progmat, which is launching a dedicated Avalanche Layer 1 to leverage built-in on-chain privacy.
The Japan-focused digital asset infrastructure could increase institutional trust and expand regulated adoption. Dedicated L1 deployments have historically enhanced scalability and compliance flexibility for traditional finance players.
Avalanche network’s Open Interest gained 18% to reach $200 million, suggesting fresh capital is entering the market. This rising Open Interest alongside price gains typically signals strong institutional demand.
On derivatives exchanges, buyers remained in control, as confirmed by the Spot taker cumulative volume delta. This alignment between Spot and Futures markets has supported the bullish continuation.
AVAX recently broke free from a wedge consolidation pattern, a formation that has historically preceded strong expansion phases. Technical structure now favors a continuation of the rally.
A visible $3.41 million liquidity cluster near $15 is the next key target for AVAX bulls. Liquidity clusters often act as price magnets in trending markets.
All factors now align, pointing to AVAX’s bullish momentum from institutional RWA expansion and surging demand. The broader impact could position Avalanche as a leading institutional RWA hub in the next market cycle.
