BENQI (QI) Price Prediction

Deep Dive

1. Liquid Staking & sAVAX Growth (Bullish Impact)

Overview: BENQI’s sAVAX liquid staking product held 15.6M AVAX (~$312M at $20/AVAX) as of July 2025, with 64,005 stakers. Recent partnerships like Silo Finance enable 95% LTV borrowing against sAVAX, enhancing capital efficiency.

What this means: Higher sAVAX usage increases protocol fees (0.5-1% of yields), directly accruing value to QI stakers. Sustained AVAX price stability or growth could amplify this effect, though a downturn might pressure staking demand.

2. RWA Lending & Product Roadmap (Mixed Impact)

Overview: BENQI’s docs highlight plans for real-world asset (RWA) lending markets and improved governance via “BENQI Miles.” However, no launch date is confirmed, and RWA adoption in DeFi remains speculative.

What this means: Successful RWA integration could attract institutional capital and diversify revenue, but delays or regulatory hurdles (common in RWAs) might stall momentum. The 2025 liquidity mining schedule also risks sell pressure as tokens unlock.

3. Avalanche Network Dependency (Neutral/Bearish Risk)

Overview: BENQI’s TVL and usage are tied to Avalanche, which has seen declining dominance (-1.53% MoM). Competitors like Aave’s Avalanche market and native projects challenge BENQI’s ~15% share in Avalanche DeFi.

What this means: Avalanche’s subnets and C-Chain activity directly influence BENQI’s user base. A network upgrade or partnership (e.g., Kraken listing) could lift both, but stagnation might shift liquidity elsewhere.

Conclusion

BENQI’s medium-term outlook hinges on sAVAX’s sticky TVL and RWA execution, balanced against Avalanche’s trajectory and token unlocks. While technicals show neutral momentum (RSI 49, MACD bullish crossover), watch sAVAX’s July–August retention rates post-Kraken listing. Can BENQI pivot from an Avalanche-centric play to a cross-chain DeFi staple?