Avalanche’s AVAX Set for 10x Surge by 2029, Standard Chartered Predicts, Citing Scalable Architecture

Avalanche’s native token, AVAX, could see a meteoric rise over the next five years, thanks to its unique technical architecture and expanding ecosystem, according to a new forecast from Standard Chartered.

In a report released Wednesday, the bank’s Head of FX and Digital Assets Research, Geoff Kendrick, initiated coverage of AVAX with an ambitious price trajectory: $55 by end-2025, climbing steadily to $250 by 2029 — more than 10 times its current value.

“What sets Avalanche apart is its subnet framework,” Kendrick said, referring to the network’s modular structure that enables scalable, app-specific blockchains. “This approach could offer the throughput and customization needed for mass adoption.”

Unlike Ethereum’s monolithic structure or Solana’s single-chain design, Avalanche allows for multiple interoperable subnets, many of which are now Ethereum-compatible. The December upgrade significantly reduced the cost of launching a subnet — a change Kendrick says has already led to increased developer activity.

Currently, Avalanche holds the 15th spot by market cap ($9 billion) and ranks 10th in total value locked, making it a relatively under-the-radar player compared to its potential.

“AVAX is still undervalued given the scale of its innovation,” Kendrick wrote. “If it executes on its roadmap, it could outperform even market leaders like BTC and ETH on a percentage basis.”

Backing this view is a strong funding base: the Avalanche Foundation raised $250 million in late 2024 in a token round led by Galaxy Digital, Dragonfly, and ParaFi Capital, signaling growing institutional interest.