Avalanche (AVAX) Leads the Charge Toward $10 Billion Market Cap

YEREVAN (CoinChapter.com) — Avalanche (AVAX) is currently leading the Real World Asset (RWA) coin market, aiming for a $10 billion market cap. With a current price of $20.45, AVAX’s market cap stands at $8.09 billion. Despite a 0.17% increase in the last 24 hours, Avalanche remains on track with its strong ecosystem and recent initiatives.

AVAX Approaches $8.1B Market Cap. Source: CoinMarketCap

Avalanche’s robust ecosystem, bolstered by the recent launch of applications for its Codebase Season 2 incubator, sets the stage for ongoing growth. The initiative offers builders a chance to secure a $50,000 non-dilutive stipend and compete for a share of the $1 million prize pool, expected to generate increased interest in the network.

Avalanche’s Codebase Season 2 Opens with $1M Prize Pool. Source: @AkahilzZ Chainlink and Maker See Market Dips Amid Key Developments

Chainlink (LINK) follows with a market cap of $6.12 billion and a price of $10.07 per coin. LINK experienced a 1.51% decline over the past 24 hours.

Chainlink Slips 1.51%, Market Cap at $6.12B. Source: CoinMarketCap

Chainlink has expanded its reach by launching Data Streams and Verifiable Random Function (VRF) on the Base platform, incubated by Coinbase.

Chainlink Services Now Live on Base Platform. Source: Chainlink

These features provide reliable data and randomness to decentralized applications, reinforcing Chainlink’s position in the market.

Maker (MKR) is priced at $1,959.50 per coin, with a market cap of $1.82 billion. Despite being smaller than Avalanche and Chainlink, Maker plays a crucial role in decentralized finance (DeFi), particularly with the DAI stablecoin. Maker saw a 0.54% drop in the last 24 hours, reflecting broader market trends.

Maker Price at $1,959.50 with Market Cap of $1.82 Billion. Source: CoinMarketCap Avalanche Leads RWA Market as VeChain and Ondo Face Declines

VeChain (VET), priced at $0.02206 with a market cap of $1.79 billion, focuses on supply chain solutions. It has declined by 0.74% in the last 24 hours. VeChain partners with major corporations to offer blockchain-based solutions for real-world challenges, maintaining its relevance in the market.

VeChain Drops 0.74%, Market Cap at $1.79 Billion. Source: CoinMarketCap

Ondo, priced at $0.693 per coin with a market cap of $963.17 million, is the smallest among the group. It experienced a 2.74% drop in the last 24 hours. According to Changellyblog, Ondo’s price could rise to $1.50 by 2025, with an average price of $1.32.

Ondo Drops 2.74%, Market Cap Stands at $963M. Source: CoinMarketCap

Avalanche leads the RWA coin market with its current position, but competitors like Chainlink, Maker, VeChain, and Ondo are also progressing. The race to a $10 billion market cap continues, with Avalanche in the lead.

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