Avalanche Price Movement: The Avalanche (AVAX) token experienced a pullback from highs above $25, currently hovering around $23.61 due to a broader market sell-off affecting many cryptocurrencies.
Onchain Growth: Despite the price decline, Avalanche's onchain activity has shown significant growth, with daily transactions increasing from approximately 500,000 to over 1.3 million in just two weeks.
DeFi and Tokenization Interest: Avalanche is gaining traction in decentralized finance (DeFi) and real-world asset tokenization, highlighted by Bowmore's launch of tokenized whisky bottles on the AVAX blockchain.
Total Value Locked (TVL): Data indicates that the total value locked in Avalanche is rising, alongside partnerships such as a $250 million investment in real-world assets and a deal with Visa for global stablecoin settlement.
