Avalanche: $266 million in new RWA in 30 days

Avalanche took on more tokenised stocks and real-world assets in September than any other blockchain. In the 30 days to September 29, data from Cryptobriefing shows $266 million in added RWA market capitalisation, more than BNB Chain, Robinhood Chain and X Layer combined. The price of Avalanche followed on October 3: cryptoticker.io measured $11.11 on Saturday evening, up 4.9 percent over 24 hours.

The catch lies in the composition. Nearly half of the increase traces back to a single issuer, and that issuer mainly brought its own token onto the chain. This article sets out what the figures support, where they diverge, and what a European investor can take from them.

Avalanche and tokenised stocks: $266 million of growth in 30 days

Real world assets, or RWA, are assets from traditional finance represented as tokens on a blockchain: money market funds, bonds, equities, loan receivables. Tokenised stocks are the sub-segment in which company shares exist as a tradable token.

In the window from August 30 to September 29, Avalanche gained $266 million in RWA market capitalisation according to Cryptobriefing. Behind it came BNB Chain with $116 million, Robinhood Chain with $100 million and X Layer with $95 million. Total RWA value spread across blockchains rose 15.54 percent over the same period, to $3.14 billion.