Avalanche Soars 47.9% to $11.11 Amid Record RWA Growth

Avalanche's price has risen to $11.11, a gain of 47.9% in 30 days.

The platform added $266 million in new RWA (Real World Assets) market capitalization over the same period, outperforming other chains like BNB Chain and Robinhood Chain.

However, nearly half of this growth can be attributed to a single issuer, Securitize, which brought its own token onto the chain. This raises concerns about concentration and potential volatility in the market.

Avalanche's RWA holdings are mostly comprised of tokenized stocks, with $770 million worth of assets on the platform via Securitize.