The Avalanche network is experiencing record-high activity levels, despite the overall crypto market still being in a correction phase and liquidation weakening.
According to newly released data, the number of daily active addresses on Avalanche has reached an all-time high of 1.71 million. Simultaneously, the total value of stablecoins and real-world assets (RWA) on the network has exceeded $3.5 billion, reflecting increasing real-world demand, particularly from institutional investors.
In the traditional and on-chain finance sector, Galaxy Digital has officially launched a $75 million Tokenize loan obligation (CLO) product on Avalanche. This is XEM one of the largest debt Tokenize deals in the ecosystem to date, demonstrating Avalanche's growing preference for complex financial structures.
In addition, the investment firm Grove also announced plans to deploy an additional $250 million in RWA assets on Avalanche, strengthening the network's Vai in the trend of bringing traditional assets onto the blockchain.
Beyond focusing on organizational aspects, the Avalanche Foundation continues to promote the development of the developer ecosystem. The foundation recently announced the “BuildGames” competition with a total prize pool of $1 million, aimed at attracting game studios and Web3 development teams, alongside its previously implemented developer incentive programs.
