Avalanche Seeks Recovery Amid Infrastructure Developments

Avalanche (AVAX), a layer-1 blockchain, has seen its price plummet by over 94% from its all-time high. However, despite this decline, the ecosystem is showing signs of potential recovery through infrastructure developments and growing institutional adoption.

One significant development supporting Avalanche's position is Progmat's decision to migrate its assets to the platform. This migration involves more than $2 billion in tokenized real-world assets, including real estate and corporate bonds, moving from the Corda platform to Avalanche.

The market for digital securities in Japan is expected to surpass 1.05 trillion by the end of 2026, with Progmat accounting for a significant portion of issuance volume and projects. This decision represents a strong endorsement of Avalanche's technology, which enables financial institutions to create customized blockchains that comply with regulations while leveraging the security of the main network.