Avalanche Q3: FRNT Stablecoin Debut and $300M Tokenization
In Q3, Avalanche reinforced institutional adoption with Wyoming’s Stable Token Commission issuing FRNT, a fully collateralized stablecoin (102% USD and U.S. Treasuries), on Avalanche and six other chains. SkyBridge Capital pledged to tokenize $300M of hedge fund assets on Avalanche, boosting its real-world asset capability. RWA.xyz ranks Avalanche third in on-chain U.S. Treasury tokenization with $638M, behind BNB Chain and Ethereum. On-chain activity stayed robust, averaging over 1M daily transactions and peaking at 51.6M quarterly. AVAX price hit $19.66, down 86% from its $146 all-time high and 33% month-to-date amid US–China tariff tensions and $19B crypto liquidations.
Bullish
The issuance of Wyoming’s government-backed FRNT stablecoin and SkyBridge Capital’s $300M hedge fund tokenization underline Avalanche’s growing institutional and real-world asset adoption, strengthening its fundamental value. Sustained high on-chain activity further validates network demand. While short-term AVAX price remains under macro pressure, these developments bolster mid- to long-term bullish sentiment.