Avalanche Price Drops 5.7% as Banks Signal Growing Blockchain Adoption
AVAX price falls despite 62% of banks anticipating blockchain integration within two years.
AVAX price falls despite 62% of banks anticipating blockchain integration within two years. Avalanche (AVAX) is trading at ₹866 ($9.13), up 0.1% since this brief published. This is an original Token Times brief synthesising 2 outlets (TronWeekly, Crypto.news), plus live market data, as of Fri, 23 Oct 2026 01:30:01 UTC.
The survey highlights increasing institutional interest in blockchain technology, which could drive future adoption and investment despite current market conditions.
- AVAX price drops 5.7% to $9.12 in the past 24 hours.
- 62% of banks expect blockchain adoption within two years.
- Traders monitoring $9.59 resistance and $7.61 support levels.
- Avalanche TVL at $138.86M, down 2.3% over the past week.
TronWeekly reports that Avalanche's price has fallen by 5.16% to $9.16, while also highlighting a survey indicating that 62% of banks anticipate blockchain adoption within two years. The discrepancy in the price figure ($9.12 vs $9.16) may be due to real-time market fluctuations. The publication emphasizes the significance of the survey in demonstrating growing institutional interest in blockchain technology, which could positively impact the sector despite the current bearish trend.
Avalanche's native token AVAX has experienced a 5.7% price drop over the past 24 hours, declining to $9.12. This downward movement comes amidst a broader market downturn, with 
Bitcoin also down 3.43% in the same period.
Despite the bearish price action, there are signs of growing institutional interest in blockchain technology. According to a survey cited by TronWeekly, 62% of banks expect to adopt blockchain solutions within the next two years.
The report corroborates the survey findings but shows a slight discrepancy in the AVAX price, with the live data showing $9.12 compared to the reported $9.16. This difference likely reflects real-time market movements.
Avalanche's Total Value Locked (TVL) currently stands at $138.86 million, representing a 2.3% decrease over the past week, according to DeFiLlama. This decline in TVL further underscores the current market challenges faced by the platform.
Traders are closely watching the $9.59 resistance level and the $7.61 support level for indications of AVAX's next significant price movement. The broader market sentiment, as indicated by the Fear & Greed Index at 50 (Neutral), suggests a wait-and-see approach among investors.
Since this brief published about 2 hours ago, Avalanche (AVAX) has moved from ₹865.50$9.12 to ₹866.45$9.13 — +0.11%.
The chart plots AVAX's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 AVAX ≈ ₹942.67 (about $9.13), down 5.9% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Avalanche Price Drops 5.7% as Banks Signal Growing Blockchai — questions & answers
What is the current price of Avalanche (AVAX)?
AVAX is currently priced at $9.12, having dropped 5.7% in the past 24 hours.
How many banks anticipate adopting blockchain technology?
62% of banks expect to adopt blockchain solutions within the next two years.
What are the key support and resistance levels for AVAX?
Traders are monitoring $9.59 as resistance and $7.61 as support.
How much is 1 Avalanche worth in rupee today?
About ₹942.67 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $9.13. The rupee price moves with both AVAX's US-dollar price and the USDT/INR rate; use our Avalanche in rupee page for any amount.
Has Avalanche's price moved since this brief was published?
AVAX is up 0.11% since this brief first published — trading at ₹866 ($9.13) now versus ₹866 ($9.12) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.