Why Is Avalanche in Focus Despite a 94% Price Drop?

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Q: How much has Avalanche fallen from its all-time high?
Avalanche (AVAX) has dropped more than 94% from its 2021 peak, placing it among the hardest-hit major altcoins. The decline has raised serious questions about whether the network can reclaim relevance in an increasingly competitive layer-1 landscape.

Q: What major catalyst is supporting Avalanche’s recovery narrative?
A key development is Japan-based digital securities platform Progmat migrating over $2 billion in tokenized real-world assets from Corda to Avalanche. Progmat reportedly represents a dominant share of Japan’s security token issuance market. This move signals institutional confidence in Avalanche’s ability to support compliant, customizable blockchain infrastructure for regulated financial assets.

[nihalsari]

avax down 94% but hey only 1,567% to go to reclaim the glory days