Blockworks Q3 Report: Avalanche Tokenized RWAs Reach $1.22B

Blockworks' Q3 2026 report on Avalanche, published on Nov. 6, 2026, puts tokenized real-world assets on the network's C-Chain at $1.22B, with the report noting that figure excludes stablecoins.

The report, amplified by avax, also tracks payment activity from @AxiymFinance at $529M for the quarter — 4.4× the level recorded a year earlier. avax separately highlighted 21% quarterly growth in BlackRock's BUIDL fund on Avalanche.

The Axiym figures follow earlier reporting in October, when stablecoin volume on Avalanche through Axiym grew 4.4× year-over-year to 529M in Q3. The Blockworks report consolidates that data alongside the broader RWA picture across the C-Chain.

Context

Avalanche has spent 2026 building out a tokenized-asset base that spans U.S. Treasuries, tokenized equities and payment rails. Prior coverage placed tokenized U.S. Treasuries on the network at roughly 545M, up about 4× year-over-year, while September alone added 245.5M in tokenized stocks — the largest gain of any chain that month.

BlackRock's BUIDL, a tokenized money market fund, has been among the flagship institutional products tracked in those totals. The 21% quarterly expansion reported for Avalanche reflects continued inflows rather than a new deployment.

The report's $1.22B RWA figure is the highest aggregate disclosed for the C-Chain to date, though the exclusion of stablecoins means it is not directly comparable to metrics that fold stablecoin supply into RWA totals.

What to watch

Whether the quarterly growth rates reported by Blockworks hold through Q4, particularly for BUIDL, and whether the Axiym payment flow trajectory continues at its current multiple.