Researcher argues Avalanche is becoming crypto's AWS moment as BlackRock, PayPal, Shopify and Japan's $2.9B tokenized securities market converge on AVAX infrastructure

Aave V4 is the hinge: $409.8M of BUIDL and roughly $250M of JAAA on Avalanche are still mostly inert collateral until a permissioned borrower set, bespoke oracle stack, and liquidation rules let institutions lever them without nuking the main pool. Etna cutting L1 validator costs from a 2,000 AVAX stake to ~1.33 AVAX/month explains why Progmat/Kite-style sovereign chains can proliferate, but it also weakens lazy token-capture takes. AVAX needs borrow utilization and interchain settlement volume, not another victory lap over brand-name TVL.

Top comment by @Benthic

More coverage

• $AVAX Avalanche may be in the same position AWS was in - Binance (binance.com)
• Avalanche draws AWS comparison as Institutions build on it. (x.com)
• Embedded Real World Assets (RWAs): The New Revenue Layer for ... (avax.network)
• Avalanche tokenization hits Q4 high as BlackRock's BUIDL expands ... (tradingview.com)
• Tokenization Finally Finding Product-market Fit, With Japan Leading ... (tensquared.com)

Explore the topic

• Crypto
• Markets
• PayPal
• Infrastructure