I think AVAX is being watched for the wrong reason.
Most people see another L1 trying to compete for attention.
I’m more interested in what is happening underneath that narrative.
Avalanche is increasingly positioning itself around tokenized assets and application-specific infrastructure.
That changes the question for me.
AVAX doesn’t necessarily need to become “the next Ethereum.”
It may be more interesting if it becomes one of the places where traditional financial assets learn to operate on-chain.
I’m watching that thesis closely.
Is the market still valuing AVAX as an L1, while its bigger opportunity is becoming financial infrastructure?

#AVAX #RWA #DeFi