Avalanche’s AVAX token surged 10% to trade above $33, defying the broader crypto market downturn. The price is up 21.5% from its local low of $29, driven by institutional momentum and confidence in the layer-1 token. Positive fundamentals have bolstered AVAX’s institutional appeal, with plans to raise $1 billion through crypto treasury companies.

The Avalanche Foundation’s initiatives have attracted institutional interest, with two treasury companies targeting to raise $500 million each. These moves are expected to create sustained buying pressure and liquidity, boosting AVAX’s price. Institutional interest in AVAX has grown since February, with an ETP launched by Vitune and applications for an ETF by VanEck and Grayscale.

Avalanche’s onchain activity has surged in 2025, with significant technical upgrades and application growth. The Octane upgrade reduced C-Chain fees by 98%, leading to a 493% quarter-over-quarter rise in daily transactions. The total value locked doubled from $1 billion to $2.23 billion, reflecting a 120% growth post-Octane, driven by protocols like Aave.

The stablecoin market cap rose to $2.16 billion, an 81% increase in the last 30 days, signaling booming DeFi adoption. AVAX’s price chart shows a rounded bottom pattern, indicating a bullish reversal and potential for a rally. A return to $55 and a further target at $212 are projected, representing significant price increases.

Read more at Cointelegraph: Avalanche Defies Crypto Market Dump With 10% Gains