Avalanche (AVAX) Daily Market Analysis 28 February 2026

Avalanche gains momentum from major institutional adoption – here's the latest: • AVAX surged 17% on 25 February 2026, leading altcoins after a key political event • Japan's Progmat migrated over $1B in tokenized assets to an Avalanche-based Layer-1 • Daily active addresses hit a record high above 1.3M, with $135M in net inflows in early Feb • VanEck's spot AVAX ETF (VAVX) launched on 26 January 2026, waiving fees initially • Open Interest jumped 18% to $200M, suggesting strong institutional demand