Avalanche's tokenized US Treasury market has grown to about $545 million, roughly four times bigger than a year ago.
$AVAX is trading near $10.47 on Binance, up about 2.7% in the last 24 hours. The figure comes from an Avalanche ecosystem update released Oct 7, and firms like Franklin Templeton and WisdomTree have tokenized products on the network.
Worth noting: this number comes from Avalanche's own report, not an independent tracker like RWA.xyz. The growth trend is probably real, since tokenized Treasuries have grown industry-wide this year, but the exact size hasn't been independently confirmed.
Tokenization is one of the few crypto trends institutions openly like, since it's just existing financial products moved on-chain. The open question is whether regular users ever interact with it, or it stays behind the scenes for big investors.
Would you trust this number more if it came from an independent tracker instead of the project itself? #RWA #Avalanche
$AVAX is trading near $10.47 on Binance, up about 2.7% in the last 24 hours. The figure comes from an Avalanche ecosystem update released Oct 7, and firms like Franklin Templeton and WisdomTree have tokenized products on the network.
Worth noting: this number comes from Avalanche's own report, not an independent tracker like RWA.xyz. The growth trend is probably real, since tokenized Treasuries have grown industry-wide this year, but the exact size hasn't been independently confirmed.
Tokenization is one of the few crypto trends institutions openly like, since it's just existing financial products moved on-chain. The open question is whether regular users ever interact with it, or it stays behind the scenes for big investors.
Would you trust this number more if it came from an independent tracker instead of the project itself? #RWA #Avalanche