Avalanche’s tokenized RWA market reaches $1.22 billion, AVAX price eyes $10.50 breakout

Avalanche ’s real-world asset (RWA) ecosystem posted strong growth in the third quarter, as total value of tokenized assets on its C-Chain climbed to $1.22 billion. Blockworks reported that Avalanche is increasingly being used to bring traditional financial products onto blockchain, positioning the network as a noteworthy player in the expanding market for asset tokenization. The RWA sector, composed of tokenized funds, securities, and other assets, has attracted growing institutional interest. Notably, payment flows through Axiym Finance reached $529 million, representing a 4.4-fold increase compared to the same period last year.

Source: CoinTurk News