Avalanche (AVAX) Leads the Charge Toward $10 Billion Market Cap in RWA Coin Race

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.

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.

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

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.

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.

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.

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.