AVAX rises 19.7% to $9.76 on Avalanche tokenization push
- —AVAX rose 19.7% to $9.76, daily high $9.81
- —Avalanche market capitalization was $4.314 billion, trading volume $853 million
- —NYLIM ($807 billion) is bringing a high-yield bond fund to Avalanche via Centrifuge
- —Aave is preparing a lending market for tokenized assets with Tether's USAT
Why it matters: An influx of institutional funds and RWA infrastructure strengthens Avalanche's position in the tokenization segment.
Source: The Crypto Times