Avalanche's AVAX Surges 34% as Stablecoin Adoption and Institutional Interest Grow

Avalanche's latest price was $33.85, down 3.779% in the last 24 hours. This price movement comes as the cryptocurrency continues to make strides in the stablecoin and institutional investment sectors. BDACS has launched a stablecoin backed by the national currency, called KRW1, which is available on Avalanche. Each KRW1 token is supported by one Korean won held in a reserve account at Woori Bank, one of the major commercial banks in the country. This release occurred after the company finished a technical trial for KRW1. BDACS will utilize banking application programming interfaces from Woori Bank, enabling transparency and permitting verification of its reserves. The custodian built a complete operational structure for the stablecoin, handling the creation and administration of the tokens. It also includes a mobile application for users, allowing person-to-person transfers and letting users confirm transactions. BDACS intends for KRW1 to be used for international payments and money transfers, and it might also be integrated into government systems in the future.

PayPal has expanded its PYUSD stablecoin to Avalanche and several other chains, strengthening AVAX’s role in multi-chain stablecoin settlements. In Asia, Avalanche is expanding stablecoin payments in Korea and Japan, targeting real-world payment applications. Meanwhile, asset managers like Bitwise, VanEck, and Grayscale have filed to launch Avalanche-based ETFs, reflecting institutional interest. The on-chain activity increased, and the active addresses started growing, reaching the two-week high of 70,000, indicating increased activity and involvement in the ecosystem. The volume of perpetual trading increased three times to reach $15.2 million within 24 hours, which is a positive indicator of new capital inflows and trust by the market in the current momentum of AVAX. Avalanche has achieved its projected breakout target after a 34% spot rally, yet market structure continues to suggest further upside potential. The recent move has renewed attention on the token as capital flows back into the network. The AVAX breakout is the price action in which Avalanche surged ~34% after breaching horizontal resistance of an ascending triangle, reaching the measured triangle target near $34.5. Volume confirmed the move, suggesting demand drove the advance rather than a brief speculative spike. The pattern formed as AVAX consolidated below ~$27 while printing higher lows, then breached the horizontal resistance. Price advanced quickly toward the triangle target at ~$34.5 on elevated spot trading volume. Once the resistance line gave way, buyers quickly advanced price toward $34.5, marking a swift 34% gain. The move validated the bullish technical pattern and confirmed strong conviction among market participants. Volume aligned with the breakout, signaling that demand drove the advance rather than short-lived speculation. The structure suggests momentum is not yet exhausted. Holding above former resistance in the $27–28 zone could allow AVAX to form a solid base. Traders now watch whether price consolidates at current levels or continues upward toward higher objectives. On-chain metrics tracked a clear uptick: active addresses rose to a two-week high (~70,000), while perpetual futures volume increased approximately threefold to $15.2 million within 24 hours. Active address growth suggests expanding network use beyond short-term trading. The simultaneous rise in both spot and derivatives volumes indicates coordinated capital rotation rather than isolated speculative bursts. Perpetual futures volume serves as a proxy for trader conviction and leverage appetite. A threefold increase to $15.2M in 24 hours implies renewed interest and liquidity in AVAX markets. Higher perpetual activity typically precedes more pronounced price discovery and volatility. Stabilization is more likely if AVAX holds above the $27–28 former resistance zone and consolidates with declining intraday volatility. Sustained on-chain growth (active addresses) and steady spot volume over several sessions would strengthen the case for a durable base. A 34% breakout is significant as it represents a full measured move from an ascending triangle. Confirming volume and on-chain growth increase the probability that the move reflects real capital rotation rather than a short squeeze. Rising active addresses and increased perpetual volume are commonly used indicators of renewed interest. They provide direct evidence of participation and capital flow, complementing technical patterns. Key risks include failure to hold above the former resistance zone ($27–28), rapid profit-taking, or broader market weakness that reverses momentum. Traders should monitor support and volume trends closely. Triangle target met: AVAX completed a 34% rally to the measured ascending triangle target. On-chain pickup: Active addresses rose to ~70,000, signaling increased network engagement. Derivatives inflows: Perpetual volume tripled to $15.2M in 24 hours, showing fresh capital and trader focus. AVAX’s breakout and supporting on-chain and volume signals point to renewed momentum for Avalanche. Technical structure, rising active addresses, and higher perpetual volumes together suggest a rotation of capital back into AVAX. Monitor support at the former resistance zone and continued on-chain growth to assess whether the rally will stabilize and extend.