Avalanche adds $266 million in new RWA in 30 days, price at $11.11: What to watch now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Avalanche took on more tokenised stocks in September than any other chain, and the price stands at $11.11. Nearly half of the increase, however, traces back to a single issuer.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 a...