Avalanche price eyes breakout above $30

While small-cap tokens like Avantis skyrocket to lead top gainers on the day, the Avalanche (AVAX) price hovers green. It currently trades as one of the top gainers among the top 20 cryptocurrencies.

The altcoin traded around $30.50 as of writing on September 16, up 7% in the past 24 hours and an impressive +18% over the last seven days.

It’s a performance that outpaces the global cryptocurrency market’s 1% gain and sees bulls close to the resistance line of a channel breakout.

Trading volume has spiked to $1.18 billion, up by more than 27% in the last day to signal buying pressure.

From a technical point of view, chart patterns suggest that AVAX is on the cusp of a significant channel breakout.

While the token has largely consolidated within a descending parallel channel, a recent uptick has bulls looking at a potential corrective pattern that could allow for a retest of $44.

Avalanche has notably breached the critical $27 horizontal resistance level. Holding above this level and piercing the $30 barrier may allow bulls to break above the channel’s upper boundary.

The Relative Strength Index (RSI) at 64 indicates room for gains before overbought conditions hit. A bullish outlook is also supported by the Moving Average Convergence/Divergence (MACD) on the daily chart.

Overall, the chart structure positions AVAX favorably for a move above $30, potentially fueled by ecosystem expansions and DeFi growth.

Bitwise AVAX ETF filing and Fed decision

Compounding the technical optimism are recent regulatory and macroeconomic trends.

One of these is the development that saw Bitwise Asset Management file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Avalanche ETF.

NEW: @BitwiseInvest adds an Avalanche ETF to their filings list pic.twitter.com/tXOmHmSWeR

— James Seyffart (@JSeyff) September 15, 2025

This filing, following the establishment of a statutory trust in Delaware, proposes direct exposure to AVAX through custody-held tokens, allowing investors to gain regulated access without managing wallets or private keys.

VanEck and Grayscale are among the top issuers seeking approval for ETFs tracking the AVAX cryptocurrency. Sentiment is high amid anticipation of an SEC nod in the coming months.

Also buoying AVAX price is expectation around the Federal Reserve’s upcoming decision on interest rates.

The Fed meets this week and a 25 basis point cut could inject fresh liquidity into risk assets like cryptocurrencies. Avalanche’s price will rally alongside other altcoins.

The post Avalanche price: AVAX holds $30 level as bulls target channel breakout appeared first on CoinJournal.

Avalanche price: AVAX holds $30 level as bulls target channel breakout

Source: https://coinjournal.net/news/avalanche-price-avax-holds-30-level-as-bulls-target-channel-breakout/

Arbitrum has emerged as the top-performing cross-chain bridge this past week, attracting $1.9 billion in net inflows and surpassing its closest competitors by a wide margin.

This figure is more than 20 times higher than Avalanche’s $85.69 million and nearly 30 times Unichain’s $63.51 million over the same period.

The sharp rise in inflows points to a significant shift in investor capital towards Layer 2 solutions with deep liquidity, Ethereum compatibility, and active decentralised finance (DeFi) ecosystems.

The surge also strengthens Arbitrum’s standing as a leading Ethereum Layer 2 network offering lower transaction fees and faster processing speeds.

According to on-chain data, the bridge inflows are predominantly in stablecoins like USDT and USDC, helping Arbitrum diversify its asset base while shoring up the platform’s total value locked (TVL).

Stablecoin flow boosts liquidity and TVL

The inflow surge is driven by substantial stablecoin movement into Arbitrum’s ecosystem, with USDT and USDC being the primary assets.

These inflows not only bolster short-term liquidity but also create favourable conditions for long-term TVL growth across decentralised applications (dApps).

As TVL grows, platforms benefit from improved borrowing conditions, liquidity incentives, and higher yield opportunities—all of which contribute to ecosystem resilience.

This trend mirrors earlier DeFi cycles, notably in July 2021, when large inflows through cross-chain bridges led to accelerated adoption for networks like Polygon and Optimism.

In Arbitrum’s case, the inflow boost is particularly timely, with Ethereum’s recent price levels hovering around $3,763, helping sustain high throughput and transaction demand on Layer 2 networks.

Developer activity and fintech integration support momentum

Developer participation remains a key driver of Arbitrum’s ecosystem health.

Recent data shows sustained engagement from builders focusing on improving interoperability, expanding dApp functionalities, and reducing onboarding friction for users.

With technical leadership from figures like Steven Goldfeder and Harry Kalodner, Arbitrum continues to prioritise cross-platform compatibility to support seamless asset transfers.

Arbitrum is also strengthening its position in the fintech sector.

Its integration with multiple platforms catering to retail investors is expanding its user base and enhancing accessibility to decentralised finance tools.

As regulatory frameworks for crypto evolve, this dual focus—on compliance and reach—is enabling Arbitrum to maintain an edge in the highly competitive Layer 2 market.

Liquidity growth signals shift in DeFi investment

The platform’s ability to attract capital at this scale suggests increasing investor confidence in Ethereum scaling solutions that offer both utility and security.

The liquidity shift away from competing bridges such as Avalanche and Unichain indicates a reallocation of DeFi capital towards ecosystems with more mature infrastructure and broader use cases.

Arbitrum’s growing dominance in this sector has broader implications for Layer 2 expansion strategies and the direction of cross-chain DeFi innovation.

The rising inflows also signal renewed interest in Ethereum-based ecosystems following a period of cooling across the crypto market.

As the bridge landscape evolves, platforms like Arbitrum are expected to continue benefiting from their early-mover advantage, interoperability focus, and integration of stable assets to enhance liquidity depth and platform stability.

The post Arbitrum leads with $1.9 billion inflows, outpaces Avalanche and Unichain in DeFi liquidity race appeared first on CoinJournal.

Arbitrum leads with $1.9 billion inflows, outpaces Avalanche and Unichain in DeFi liquidity race

Source: https://coinjournal.net/news/arbitrum-leads-with-1-9-billion-inflows-outpaces-avalanche-and-unichain-in-defi-liquidity-race/

FIFA is building a dedicated Layer-1 blockchain in collaboration with Avalanche and Modex, set to host its FIFA Collect digital collectibles.

The migration, scheduled after May 20, will establish a custom blockchain infrastructure tailored for fan-focused NFTs and digital memorabilia.

This move signals FIFA’s broader commitment to blockchain technology and comes amid growing interest in sports-themed digital assets.

With the upcoming launch, Avalanche confirmed that FIFA Collect will be the inaugural application on the new chain, aiming to enhance scalability, security, and fan experience.

Modex to lead infrastructure and FIFA Collect upgrade

As part of the shift, Modex has been appointed as the technical partner and infrastructure provider.

Its role includes designing the architecture for FIFA’s Layer-1 chain and upgrading the FIFA Collect marketplace.

Modex is expected to deliver a seamless migration and support FIFA’s ambitions to expand its digital ecosystem.

The updated platform will feature regular digital drops centred around iconic players, clubs, and moments in global football.

These collectibles have previously been distributed via FIFA’s Drops Page, and the format is expected to continue on the new network.

The migration also aligns with Avalanche’s roadmap to host high-throughput, asset-rich applications.

Layer-1 blockchain to support NFTs, games, and digital assets

According to Avalanche’s official blog and FIFA’s FAQ section, the Layer-1 blockchain will not only support FIFA Collect but also provide a foundation for future integrations, including NFT-based games and tokenised fan experiences.

The infrastructure will accommodate a wide range of digital assets, aiming to deliver a “football-first” user experience.

This Layer-1 launch is FIFA’s most comprehensive blockchain initiative to date.

While FIFA previously explored Web3 during the 2022 Qatar World Cup through various blockchain games and collectibles, this dedicated chain reflects a strategic leap.

FIFA Collect will now become a cornerstone of that strategy, combining blockchain-based fan engagement with scalable NFT delivery mechanisms.

FIFA Rivals and the growing digital sports economy

FIFA’s blockchain roadmap also includes external projects like FIFA Rivals, a mobile football game developed by Mythical Games.

The game will feature an integrated NFT marketplace and allow users to trade footballer NFTs. The initiative underscores FIFA’s intent to be active in multiple digital domains.

As per BeInCrypto, FIFA Rivals is expected to bridge gaming and digital asset ownership, targeting mobile-first audiences with licensed content.

The announcement adds to the growing list of sports properties embracing Web3 infrastructure.

The broader trend shows strong momentum, with blockchain-based fan engagement tools increasingly adopted by sporting bodies worldwide.

Avalanche’s involvement offers FIFA a robust foundation for experimentation across NFTs, games, and digital rewards.

The post FIFA Collect moves to Avalanche layer-1 appeared first on CoinJournal.

FIFA Collect moves to Avalanche layer-1

Source: https://coinjournal.net/news/fifa-collect-moves-to-avalanche-layer-1-as-web3-fanbase-expands/