Avalanche Summit: Kevin Miao argues onchain lending cuts intermediaries
Avalanche (AVAX)
Editor:
Eugene Serbin
cryptobriefing.com reports that Kevin Miao, CEO of Tare and former founder of BlockTower Credit, spoke at the Avalanche Summit in New York City on September 16-17. Miao argued that tokenization can eliminate the heavy intermediary layers in consumer lending, such as servicers and securitizers, to deliver better economics to borrowers. He noted that BlockTower Credit previously managed $1.9 billion in assets by leveraging blockchain to improve capital efficiency.
Tare is building consumer lending infrastructure natively on the Avalanche blockchain, aiming to move the entire lending stack onchain rather than just tokenizing final assets. Miao emphasized that rebuilding the process onchain eliminates the fees extracted by various entities at every stage. The summit focused on institutional adoption, featuring speakers from Franklin Templeton and Securitize discussing onchain credit.
A collaboration with Hanwha Group for tokenized securities was highlighted as a key development. Additionally, Aave launched its V4 protocol on Avalanche in July 2026, marking its first expansion outside Ethereum. This version targets tokenized asset lending, aiming to automate payment collection and compliance through smart contracts.
How the market reacted
Whalio's own Binance spot order flow for AVAX, measured when this story was written up on 18 September 2026. Not the outlet's figures.
AVAX is trading at $7.61 with a 1-hour buy ratio of 52.9%, indicating short-term buying pressure, while the 4-hour ratio sits lower at 45.7%. The 24-hour buy ratio is 46.0%, suggesting that the immediate buying surge has cooled over the longer timeframe. Volume delta shows +$48,622 in the last hour, contrasting with -$886,155 over four hours and -$1,502,560 over 24 hours. This means that while recent trades are net buying, the broader recent trend has been net selling. The CVD for the 24-hour close is +$219,799, showing that closing prices favored buyers despite the negative volume delta. Spot volume reached $18,829,629 with 152,190 trades in the last day.
The latest daily buy ratio of 49.4% sits at the 51st percentile of the last 324 days, against a median of 49.3% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for AVAX, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 47.4%, making today's 1-hour reading slightly higher but the 24-hour reading lower than the weekly norm. Volume was 1.11x the average, indicating heavier trading activity than usual. However, there were 0 days of net buying in the last 7 days, compared to the 12 hours of net buying recorded in the last 24 hours. The price changed +2.5% over 8 days, with a total volume delta of -$7,392,695 for the period. This suggests that despite the price increase, the weekly flow has been predominantly net selling.