Avalanche crypto nears $12 as tokenized Treasuries hit $545M

The Avalanche blockchain has experienced significant growth in its real-world asset sector, with the total value of tokenized U.S. Treasuries reaching $545 million as of October 6. This figure represents a 14% increase during the third quarter and a fourfold expansion compared to the same period last year, according to data from RWA.xyz. The expansion of these blockchain-based government debt products highlights the increasing integration of traditional financial instruments within the Avalanche ecosystem. While the network continues to see progress in institutional adoption, the native AVAX token has simultaneously rallied nearly 60% from its recent lows. Market analysts are currently monitoring whether AVAX can sustain its momentum to break through the $12 resistance level. The correlation between the growth of tokenized assets and the network's market performance underscores the importance of RWA adoption for blockchain utility. This trend suggests that institutional interest in on-chain yield-bearing assets remains a primary driver for network activity and investor sentiment.