Market News / Story
Tokenized Treasuries on Avalanche Surge 300% in a Year—Will the Momentum Push AVAX Toward $12 and Beyond?
Benzinga ·
Benzinga reports: Avalanche is pushing toward $12 after strong monthly gains, as the total value of tokenized U.S. Treasuries on the network hits record levels. Tokenization Boom on Avalanche Year-over-year, the total value has jumped fourfold, or 300%, to $545 million, with 14% growth in the third quarter alone. U.S. Treasuries have become the second-largest tokenized asset class on Avalanche, trailing only stablecoins, which total more than $930 million on the network, according to…