Avalanche (AVAX) has gained an impressive 29 percent in the last 24 hours, dropping the needle to $24 and thus reaching a 15-month high.
The cooperation announcement had an impact
This significant rise in Avalanche’s price was driven by a recent collaboration announcement between Onyx, JPMorgan and Apollo Global. This collaboration was developed as part of Project Guardian, which aims to integrate LayerZero Labs by connecting Onyx to a permissioned Avalanche Evergreen Subnet.
The primary goal was to facilitate fund subscriptions and payments for WisdomTree Prime. This represents a significant step forward in reshaping the asset and asset management industry.
The successful test conducted by Onyx and Apollo Global using blockchain technology demonstrated the potential for automated portfolio management.
The integration of Avalanche Evergreen Subnets and customized blockchains aligned with Ava Labs’ broader vision to digitize global assets through the unique features offered by the Avalanche platform.
As AVAX continued its bullish momentum from $18.36 to $23.95, daily trading volume increased significantly by over 110 percent, reaching $1.7 billion.
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