Avalanche DEX Volumes Hit 2025 Peak at $1.​1B

**Mirae Asset**, the global financial giant behind Global X ETFs with $316B in assets, has partnered with **Avalanche** to explore tokenizing investment funds across regulated markets. The collaboration targets three key areas: - **Fund tokenization research** focusing on fractional ownership and improved settlement - **Institutional integration** with Avalanche's partner network - **Pilot projects** including on-chain portfolio management platforms Mirae operates across 16 international regions with ~45% of assets under management overseas. The partnership will initially explore tokenization opportunities in the **U.S., Hong Kong, and other regulated markets**. By combining Mirae's massive scale with Avalanche's institutional-grade blockchain infrastructure, the firms aim to establish new standards for tokenized funds where traditional capital meets blockchain technology. [Full story](https://www.koreaittimes.com/news/articleView.html?idxno=146088)

The **$6 trillion private credit market** remains heavily reliant on spreadsheets and manual processes, creating significant inefficiencies. **Current challenges:** - OTC settlement involves multiple intermediaries - Middleware and reconciliation fees cost $4-6 billion annually - Execution costs reach 0.5-1% of trade value - Settlement takes days instead of real-time **On-chain solution potential:** - Real-time settlements through smart contracts - Elimination of costly middleware layers - Improved transparency and asset traceability - Reduced operational costs for both lenders and borrowers While the on-chain credit market is currently smaller, it's experiencing **exponential growth** with over $490 million in loans on mainnet alone. Morgan Krupetsky argues that blockchain rails could unlock this massive market by addressing fundamental infrastructure problems that have persisted for years. [Read the full analysis](https://www.coindesk.com/coindesk-indices/2025/09/24/advancing-private-credit-with-on-chain-rails)

**New Requirement for Avalanche L1 Validators** Each validator operating on Avalanche's L1 network must now burn **1.33 AVAX tokens monthly**. This burning mechanism removes tokens from circulation permanently. **Key Details:** - Applies to all L1 validators - Monthly requirement of 1.33 AVAX per validator - Tokens are burned, not redistributed This deflationary measure affects the total AVAX supply and validator economics across the network.

Avalanche has launched the **Codebase Entrepreneur Academy**, a comprehensive free program designed to teach Web3 entrepreneurship. **Program Features:** - 11 self-paced learning modules - 4 certification levels available - Direct lessons from experienced Avalanche builders - Completely free access The academy targets aspiring Web3 entrepreneurs who want to learn from those who have successfully launched projects. Participants can graduate as **Certified Web3 Entrepreneurs** upon completion. [Get started here](https://build.avax.network/codebase-entrepreneur-academy) This builds on Avalanche's existing Codebase program, which has previously provided funding and mentorship to Web3 builders.