Standard Chartered Predicts 1,326% AVAX Price Surge by 2029

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Avalanche’s native token, AVAX, could be on the brink of a dramatic price surge, with global financial institution Standard Chartered forecasting a potential rise to $250 by 2029**—a staggering **1,326% increase** from its current trading level of around **$18. This bold projection positions AVAX as one of the most promising layer-1 blockchain assets in the long-term crypto outlook.

While the broader digital asset market remains in recovery mode following the 2022 downturn, AVAX stands out due to its innovative subnet architecture, ongoing technical upgrades, and growing developer adoption. With the recent Etna Upgrade enhancing scalability and cost-efficiency, Avalanche is gaining momentum as a preferred platform for custom blockchain deployments.

Why AVAX Is Poised for Long-Term Growth

Standard Chartered’s bullish forecast for AVAX isn’t based on speculation—it’s rooted in the blockchain’s unique technological framework and expanding ecosystem.

At the heart of Avalanche’s differentiation is its subnet (subnetwork) technology, which allows developers to create application-specific blockchains that operate independently while still being secured by Avalanche’s main network. Unlike traditional layer-1 chains that force all applications to compete for the same resources, Avalanche enables dedicated layer-1 networks tailored to specific use cases—such as DeFi, gaming, or enterprise solutions.

👉 Discover how custom blockchain networks are reshaping the future of decentralized apps.

This architecture delivers superior scalability, lower latency, and predictable transaction costs—key advantages in an environment where congestion and high gas fees plague other major platforms like Ethereum.

Despite reaching an all-time high near $145 in 2021, AVAX now trades approximately 88% below that peak, presenting what analysts see as a significant value opportunity. With a relatively modest market capitalization compared to giants like Bitcoin and Ethereum, even incremental improvements could trigger outsized returns.

Standard Chartered projects:

These targets reflect growing confidence in Avalanche’s ability to capture developer mindshare and enterprise adoption over the next half-decade.

The Etna Upgrade: A Catalyst for Developer Adoption

A pivotal factor behind the bank’s optimism is the successful rollout of the Etna Upgrade, a network enhancement designed to streamline development and reduce operational costs for subnet deployment.

By improving subnet compatibility and interoperability, Etna makes it easier for teams to launch scalable, high-performance blockchains without sacrificing security or decentralization. The results are already visible: one-quarter of active layer-1 chains are now compatible with the Etna framework, signaling strong traction among developers.

This upgrade significantly lowers the barrier to entry for new projects, particularly in sectors where performance and customization are critical:

Compared to shared-layer models that suffer from congestion during peak usage, Avalanche’s approach offers a more sustainable path forward. As more projects seek alternatives to overcrowded platforms, the demand for customizable infrastructure is expected to rise sharply.

👉 Explore how next-gen blockchain upgrades are accelerating decentralized innovation.

How Avalanche Compares in the Layer-1 Landscape

The competition among layer-1 blockchains remains fierce, with networks like Ethereum, Solana, Binance Smart Chain, and Polkadot vying for dominance in decentralized application hosting.

Ethereum still leads in total value locked (TVL) and developer activity but continues to face challenges related to high gas fees and network congestion—issues that have driven many builders toward alternative ecosystems.

While Solana offers high throughput and low costs, it has faced criticism over centralization concerns and network outages. Binance Smart Chain, though widely used, is often viewed as less decentralized due to its validator structure.

In contrast, Avalanche strikes a balance between speed, security, and decentralization, powered by its novel consensus mechanism and modular subnet design. Its ability to support interoperable yet independent layer-1 chains gives it a structural edge in accommodating diverse applications without compromising performance.

Moreover, Avalanche’s focus on enterprise-grade use cases—such as tokenized assets and regulated financial products—positions it well for institutional adoption in the coming years.

Bitcoin vs. AVAX: Divergent Growth Drivers

Standard Chartered’s report also highlights a projected 500% increase in Bitcoin’s price, anticipating BTC to reach $500,000 by 2029** from its current level of approximately **$82,650. However, the growth drivers for Bitcoin and AVAX differ fundamentally.

Bitcoin’s appreciation is largely tied to its role as a digital store of value and increasing institutional acceptance—fueled by macroeconomic trends, ETF approvals, and global monetary policy shifts.

AVAX’s projected gains, on the other hand, stem from technical innovation and expanding utility. As more developers adopt subnets and build real-world applications on Avalanche, the demand for AVAX tokens—used for staking, transaction fees, and governance—is expected to rise proportionally.

Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, emphasized that Avalanche’s structural advantages could allow it to carve out a distinct niche even as larger assets dominate investor portfolios.

Frequently Asked Questions (FAQ)

Q: What is driving AVAX’s price forecast?
A: Standard Chartered cites Avalanche’s subnet technology, the Etna Upgrade, growing developer adoption, and its scalable architecture as key factors behind the optimistic price projection.

Q: Is AVAX currently undervalued?
A: Trading at $18—88% below its 2021 peak—many analysts believe AVAX is undervalued relative to its technological capabilities and long-term potential.

Q: How does subnet technology benefit developers?
A: Subnets allow developers to create custom blockchains with tailored rules, consensus mechanisms, and fee structures while maintaining security through Avalanche’s main network.

Q: What role does the Etna Upgrade play?
A: Etna enhances subnet compatibility, reduces deployment costs, and improves network efficiency—making it easier for teams to launch scalable applications.

Q: Can AVAX compete with Ethereum in DeFi?
A: While Ethereum leads in total value locked, AVAX offers faster transactions and lower fees. Its subnet model provides a compelling alternative for specialized DeFi protocols.

Q: When could AVAX reach $250?
A: Standard Chartered projects AVAX could hit $250 by the end of 2029 if current development trends and adoption rates continue.

Final Outlook: A Strategic Play on Blockchain Innovation

While short-term volatility remains inevitable in the crypto market, Standard Chartered’s analysis underscores AVAX as a strategic long-term bet on blockchain scalability and customization. As decentralized applications grow more complex and diverse, the need for flexible, high-performance infrastructure will only intensify.

Avalanche’s vision of a multi-chain future, where specialized blockchains coexist seamlessly within a unified ecosystem, aligns closely with emerging industry demands. With strong fundamentals, ongoing upgrades, and rising developer interest, AVAX may indeed be positioned for one of the most significant rallies among layer-1 assets this decade.

👉 Learn how blockchain innovation is creating new opportunities in decentralized ecosystems.