Avalanche’s real-world asset (RWA) ecosystem posted strong growth in the third quarter, as total value of tokenized assets on its C-Chain climbed to $1.22 billion. Blockworks reported that Avalanche is increasingly being used to bring traditional financial products onto blockchain, positioning the network as a noteworthy player in the expanding market for asset tokenization.
Institutional adoption and payment activity accelerate
The RWA sector, composed of tokenized funds, securities, and other assets, has attracted growing institutional interest. Notably, payment flows through Axiym Finance reached $529 million, representing a 4.4-fold increase compared to the same period last year. This surge demonstrates greater use of Avalanche’s infrastructure for on-chain financial transactions and blockchain-based settlement systems.
Alongside payment activity, BlackRock’s BUIDL fund, a tokenized asset fund, achieved 21% quarterly growth on Avalanche. BlackRock, recognized as one of the world’s largest asset managers, uses BUIDL to provide blockchain-based access to traditional investment products. These developments reinforce Avalanche’s role within tokenized finance and institutional adoption.
Mini dictionary: Axiym Finance is a blockchain-based platform facilitating real-world asset tokenization and digital payments on Avalanche, supporting enterprises in moving traditional financial operations onto decentralized infrastructure.
Despite these ecosystem advancements, AVAX, the native token of Avalanche, remains under pressure on price charts. As of the latest trade, AVAX is holding around $8.33, with buyers attempting to maintain critical support between $8.10 and $8.20 after a persistent downward trajectory.
| Q3 2023 | Value/Volume | Quarterly Growth |
|---|---|---|
| Tokenized RWAs on C-Chain | $1.22 billion | N/A |
| Payment flows via Axiym Finance | $529 million | 4.4x YoY |
| BlackRock BUIDL fund | N/A | 21% |
AVAX technical outlook and potential recovery
Technical analyst Crypto With Gopal highlighted a possible double-bottom formation for AVAX on the one-hour chart, signaling that buyers are defending key support levels after recent selling pressure. The crucial resistance level at $9.20 would need to be broken for the pattern to be confirmed and for bullish momentum to build.
Market observers focus on $9.20 as the price point indicating a potential reversal. A decisive move above this level could set AVAX on track for a recovery toward the $10.50 mark, while continued selling or a breakdown below $8.10 would likely undermine the double-bottom scenario.
AVAX’s next price direction will depend on whether buyers successfully maintain support between $8.10 and $8.20 and can generate enough momentum to reclaim $9.20. Failing these criteria may delay any meaningful recovery.
Investors remain attentive to broader ecosystem developments, including ongoing gains in Avalanche’s RWA tokenization, institutional partnerships, and payment use cases. Although these trends enhance the network’s visibility in decentralized finance and traditional financial integration, increased adoption does not always translate directly into gains for AVAX’s market price.
While the ecosystem’s growth and institutional engagement lay foundations for future development, immediate price movement hinges on market dynamics and technical support levels.
