Avalanche (AVAX) climbs 5.6% after Grayscale endorsement, beats Bitcoin and Ethereum

Avalanche (AVAX) rose 5.6% in daily trading and 2.7% over the past 14 days, outperforming Bitcoin, Ethereum and XRP, according to CoinGecko data. The rally followed a July 8 post by Grayscale on X that highlighted AVAX’s “mass customization” narrative for gaming, finance and institutional use.

The network now operates 625 validators, the second‑largest count among decentralized projects behind Ton Network. Hyundai Card of Hyundai Motor Group successfully tested a USDT remittance system on Avalanche, adding confidence. Analysts note headwinds from the war in the Middle East, rising U.S. inflation and potential Federal Reserve rate hikes that could affect the broader crypto market.