In March 2026, despite strong underlying technology, the market prices of SUI and AVAX, two major Layer 1 tokens, continue to be sluggish, reflecting a significant gap between narrative and reality. SUI, created by the former Meta Diem team and built on the Move language, was once regarded as a technology benchmark, but its price has plummeted more than 83% from its historical high of $5.35, currently trading around $0.91. Its total value locked (TVL) on the chain has also shrunk from a peak of $2.57 billion to approximately $5.73 billion, a decrease of 78%, reflecting a cooling of overall DeFi News market activity. Although trading volume has surged 81% in the past week, market sentiment has slightly rebounded, but the 200-day moving average is still at $2.14, meaning that SUI needs to more than double to return to its long-term average. The short-term technical resistance level is at $0.97, and if it can be effectively broken, it may test the $1.05–$1.15 range, but the RSI is at a neutral level, and there is no clear reversal signal yet.
On the AVAX side, although the price is facing suppression around $9, major institutional-level progress is brewing behind it. Progmat, a leading Japanese securitization platform, is migrating over $2 billion worth of real estate and corporate bond assets from Corda to the Avalanche dedicated chain. The project is named "Keystone" and is expected to be completed in June 2026. At the same time, a company under the Avalanche Foundation plans to list on Nasdaq under the ticker AVAT, holding over $460 million in AVAX assets. These are important endorsements of long-term value, but the current market reaction is lukewarm. The low point in February once touched $7.53. Although a whale bought $474,000 in a single transaction at $8.989, retail participation continues to decline. Although the Retro9000 C-Chain incentive program launched in March provides $40 million in rewards, market confidence will be difficult to stabilize if it cannot break through the key resistance of $15.
At the same time, BlockDAG has become a new focus in the market. Its technical architecture and infrastructure have been jointly recognized by four mainstream exchanges: Coinstore, LBank, BitMart, and Pionex USA. It is worth noting that large exchanges will never easily list unverified projects. The simultaneous listing of BDAG after these four platforms independently completed due diligence indicates that its liquidity, security, and project maturity have reached institutional-level standards, making it one of the few emerging projects in the current market that has been multiply verified.