Avalanche Sees $266M in New RWA Market Capitalization, Securitize Drives Growth
Avalanche added $266 million in new RWA market capitalization over 30 days, with its price reaching $11.11. This growth is notable, but nearly half of it comes from a single issuer, Securitize, which added $132 million in market capitalization in just one week. Securitize issues and administers securities as tokens for institutional clients, and roughly $770 million sits on Avalanche via this platform.
The data shows that Avalanche took on more tokenized stocks in September than any other chain, and the total RWA value across blockchains rose 15.54% over the same period. The number of holder addresses grew 64.3% to 4.04 million, and transfer activity increased 115.7% to 3.24 million addresses.
While the growth is impressive, it's essential to note that it's largely concentrated in one position, which can be a risk. The ranking in tokenized stocks shows that Avalanche is fourth on holdings, but first on growth. Institutional money is gathering on Avalanche, while retail investors are found more on Solana and the Robinhood Chain.