Avalanche Edges Past BNB in Distributed RWA Value, RWA.xyz Data Shows

Avalanche took to X on Thursday to spotlight a milestone: “Avalanche is the No. 2 chain in distributed RWA worth.” The declare is supported by a snapshot from RWA.xyz that paints a transparent image of how real-world belongings are spreading throughout completely different blockchains, and the way aggressive the sector has turn out to be.

In accordance with the desk, Ethereum stands head and shoulders above the remainder, with roughly $11.59 billion in distributed RWA worth and virtually 98% of tracked RWA counted as distributed. Behind that, Avalanche data roughly $954 million in distributed RWA, placing it a hair forward of BNB Chain, which is roughly $953 million.

Blockchain RWA panorama

The margins between Avalanche and BNB are razor skinny, however Avalanche’s shared share, 77.1%, is what the protocol used to stake its declare to the rostrum. The RWA.xyz information additionally reveals an attention-grabbing wrinkle: Polygon’s whole RWA worth, excluding stablecoins, is larger than Avalanche’s at about $1.65 billion, however simply over half of Polygon’s RWA is assessed as distributed.

That distinction explains how Avalanche can are available in second in distributed worth, regardless that its uncooked whole (excluding stablecoins), about $1.24 billion, is smaller than Polygon’s. Solana and Arbitrum spherical out the highest six, every exhibiting tons of of thousands and thousands in distributed risk-weighted belongings and, within the case of Solana and Arbitrum, a full 100% distribution for the gadgets counted.

For Avalanche, the tweet is a succinct approach to spotlight its rising traction in a market that also settles for requirements for tokenizing mortgages, payments, company debt, and different real-world monetary devices. The distinction between “whole RWA worth” and “distributed RWA worth” is necessary: tasks and platforms can symbolize massive teams of belongings on a sequence, however distributed worth displays the portion that’s really put to work or tokenized in a means that’s operational on the community.

Taken collectively, the numbers are a reminder that whereas Ethereum stays the dominant hub for tokenized belongings, different chains are making severe inroads. Avalanche’s second-place end, even when solely by a small margin, indicators growing competitors and continued curiosity from establishments and builders trying to bridge conventional belongings to decentralized railroads.