Avalanche Slides Into the RWA Top 5, Tips Liquid Network Down a Notch 🚀

Avalanche has overtaken Liquid Network to become the fifth-largest blockchain by real-world asset value, reaching $2.1 billion in distributed tokenized assets after a 60.47% increase over the past 30 days, according to data from RWA.xyz. The shift pushed Liquid Network from the No. 5 spot to No. 6 in the RWA rankings.

The milestone follows a July 13 announcement that Bridgetower tokenized more than $11 billion in real-world production assets, including the Arizona Copper-Gold project, directly on Avalanche using Chainlink infrastructure. The deal moved Avalanche to No. 5 in net RWA inflows on RWA.xyz within a single day, according to the report.

Institutional capital has continued to flow into the network. BlackRock's BUIDL fund holds $900 million on Avalanche, per the same RWA.xyz figures, contributing to the chain's tokenization activity. Morgan Krupetsky, VP of Business Development at Ava Labs, addressed the development on X: "Avalanche now ranks among the top five blockchain networks for tokenized assets (RWAs) by both distributed and represented value… This is still just the beginning."

The increase in RWA activity has translated into higher onchain demand for the network's native token, $AVAX, used for gas fees, staking, and subnet operations. Avalanche continues to close the gap on Ethereum, which leads the RWA category with $16 billion in tokenized asset value.