Avalanche took to X on Thursday to spotlight a milestone: “Avalanche is the quantity 2 chain by distributed RWA Worth.” The declare is backed by a snapshot from RWA.xyz that paints a transparent image of how real-world belongings are spreading throughout totally different blockchains, and the way aggressive the sector has develop into.
Based on the desk, Ethereum stays head and shoulders above the remainder, with roughly $11.59 billion in distributed RWA worth and practically 98% of its tracked RWA counted as distributed. Behind it, Avalanche registers about $954 million in distributed RWA, placing it a hair forward of BNB Chain, which sits at roughly $953 million.
Blockchain RWA Panorama
The margins between Avalanche and BNB are razor skinny, however Avalanche’s distributed share, 77.1%, is what the protocol used to stake its declare on the rostrum. The RWA.xyz information additionally exhibits an fascinating wrinkle: Polygon’s complete RWA worth excluding stablecoins is increased 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 rank second by distributed worth although its uncooked complete (excluding stablecoins), about $1.24 billion, is smaller than Polygon’s. Solana and Arbitrum spherical out the highest six, every exhibiting a whole bunch of tens of millions in distributed RWA 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 highlight rising traction in a market that’s nonetheless selecting requirements for tokenizing mortgages, invoices, company debt and different real-world monetary devices. The distinction between “complete RWA worth” and “distributed RWA worth” issues: tasks and platforms can checklist massive swimming pools of belongings on a sequence, however distributed worth displays the portion that’s really been put to work or tokenized in a approach that’s operational on the community.
Taken collectively, the figures function a reminder that whereas Ethereum stays the dominant hub for tokenized belongings, different chains are making severe inroads. Avalanche’s second-place positioning, even when by a slender margin, indicators rising competitors and continued curiosity from establishments and builders trying to bridge conventional belongings into decentralized rails.
