Avalanche 30天内新增2.66亿美元RWA，价格稳定在11.11美元：当前值得关注的要点

9月Avalanche代币化股票与现实世界资产增长分析

Avalanche在9月份吸纳的代币化股票和现实世界资产（RWA）数量超过其他任何区块链。数据显示，截至9月29日的30天内，Avalanche新增的RWA市值达2.66亿美元，这一数字超过了BNB Chain、Robinhood Chain和X Layer的总和。10月3日，Avalanche的价格随之上涨：cryptoticker.io数据显示，周六晚间其价格为11.11美元，24小时内上涨4.9%。

然而，关键在于数据的构成。近一半的增长源于单一发行方，且该发行方主要将其自有代币引入链上。本文将阐述这些数据所支持的观点、存在的分歧，以及欧洲投资者可以从中汲取的经验。

Avalanche与代币化股票：30天内2.66亿美元的增长

现实世界资产（RWA）是指以代币形式在区块链上表示的传统金融资产，包括货币市场基金、债券、股票和贷款应收款。代币化股票则是其中的一个子领域，即公司股权以可交易代币的形式存在。

根据Cryptobriefing的数据，在8月30日至9月29日期间，Avalanche的RWA市值增加了2.66亿美元。紧随其后的是BNB Chain（1.16亿美元）、Robinhood Chain（1亿美元）和X Layer（9500万美元）。同期，跨区块链的RWA总价值增长了15.54%，达到31.4亿美元。

There are two secondary indicators that illustrate the breadth more than headline data: the number of holder addresses increased by 64.3% to 4.04 million; and transfer activity increased by 115.7% to 3.24 million addresses. This shows that not only are there more assets on the chain, but also the number of addresses to move these assets.

Securitize vs. SECZ Tokens: Why a single issuer carries most of the growth

Securitize is a platform for issuing and managing securities tokens for institutional clients. According to Cryptobriefing, through Securitize, approximately US$770 million is located on the Avalanche chain, accounting for approximately half of the chain's entire RWA positions. Assets deployed on the platform increased by as much as 628%. BlackRock's BUIDL fund was one of the early participants.

The key to the evaluation was an observation by news.Bitcoin.com: SECZ tokens, which represent Securitize's own tokenized interests, increased their market value by US$132 million in one week. That's about ten times the size of the second-largest tokenized stock. As a result, most of the institutional capital Avalanche won in September was concentrated in this one security.

This is not an accusation against the issuer, but a statement of concentration. Growth mainly from a single position reverses faster than growth from multiple sources. To interpret these data as evidence of widespread adoption would be over-interpretation.

Tokenized stock rankings: BNB Chain leads, Avalanche ranks fourth

The situation is different in terms of open positions rather than growth rates. According to news.Bitcoin.com, citing data from the RWA Foundation and Token Terminal, as of September 29, the total market value of the global tokenized stock market was approximately US$3.6 billion, involving 4,555 assets. The distribution is as follows:

• BNB Chain: approximately US$1.1 billion
• Ethereum: approximately US$773 million
• Solana: approximately US$723 million
• Avalanche: approximately US$428 million

Therefore, Avalanche ranks fourth in terms of holdings, but first in terms of growth. In the seven days ended September 29, the value of tokenized equity increased by $131.2 million. Although Solana gained less capital during the same period, it added 123,500 new holders. News.Bitcoin.com describes the difference as institutional funds are gathering in Avalanche, while retail investors are more present on Solana and Robinhood Chain.

The data divergence lies in the two sources

, with different orders of magnitude. Cryptobrief cited in mid-September that Avalanche's tokenized equity market value of just under US$1.7 billion, while Token Terminal (via news.Bitcoin.com) had a figure of approximately US$428 million on September 29. The gap is about four times. The possible reason lies in the difference in definitions: higher numbers may include the entire RWA stock, while lower numbers include only stocks in the narrow sense. Neither party has issued a binding definition. People who use such data should understand both and not regard either side as the only truth.

Through Securitize, approximately $770 million in tokenized assets are located in Avalanche, accounting for approximately half of the entire RWA position in the chain.

AVAX price today: US$11.11, up 47.9% from 30 days ago

cryptoticker.io compiled this analysis on October 3, 2026. It relies on CoinGecko's public market data and examines the top 25 currencies by market capitalisation.

• Price: 11.11 USD (approximately 9.87 euros)
• 24-hour change: up 4.9%
• Intra-day range: US$10.54 to US$11.20
• 7-day change: up 3.4%
• 30-day change: up 47.9%
• Market value: US$4.92 billion, ranked 25th
• 24-hour trading volume: US$357 million
• From the all-time high of US$144.96 set on November 21, 2021: Down 92.3%
• Circulation Supply: The 443.2 million AVAXs

of the 469.9 million AVAXs are more instructive than the 47.9% monthly increase because it covers short-term fluctuations.

The month-to-week relationship is worth noting: the increase was nearly 48% in 30 days, but only 3.4% in 7 days. As a result, most of the gains occurred a few weeks ago and coincided with reports on institutional deposits, including cryptoticker.io's September 20 report on AVAX tokenized bond funds and September 29 reports on Goldman Sachs and Lynq Networks.

AVAX ETFs and ETPs: Inflows of US$268,000 on October 1

For European investors, the fund path is often more convenient. According to BSC News cited by Coingabbar, the U.S. spot AVAX ETF recorded a net inflow of approximately $268,000 on October 1. This is the first net inflow since September 22. The net assets of the VanEck Avalanche ETF (code VAVX) as of September 28 were $20.58 million. Based on this calculation, these funds together hold 1.22% of the outstanding AVAX supply.

This amount is small and should not be promoted as a turning point. Compared with the daily trading volume of $357 million,$268,000 is a negligible fraction. The only significance lies in the sign, that is, a positive number appears after nine consecutive days of no net inflow.

What is important for European markets is that these U.S. funds are usually not available for purchase in Europe. Anyone wishing to access AVAX through a securities account should choose ETP (Exchange Traded Notes). How its legal status and tax treatment differ from direct purchases, please see our overview of German cryptocurrency ETFs and ETPs.

Buying AVAX in Germany: MiCA licensing, spreads and custody

With the European crypto regulation MiCA fully in effect, providers for German retail customers need to be authorized by a crypto asset service provider. This is the first thing you can check before transferring funds. BaFin maintains a list of providers active in Germany, while European registration information is located at ESMA.

Three factors then determine the actual cost, two of which rarely appear in advertisements. Transaction fees are the visible part. Spreads (the difference between buying and selling prices) are invisible and tend to be larger on smaller altcoins. When coins are later transferred to your wallet, AVAX withdrawal fees are also charged. See our Cryptocurrency Exchange Comparison for a comparison of terms.

There is no third option when it comes to hosting. Either the coin is held by the provider, at which time you bear its default risk, or the coin is in your own wallet, at which time you bear sole responsibility for the key. Deposit insurance plans similar to bank balances do not apply to cryptocurrencies.

Anyone who transfers AVAX to their wallet will permanently lose access if they lose the key.

AVAX Pledge: Minimum 25 AVAX commissions and two-week lock-up period

Avalanche pays rewards for coins pledged on the network to protect the network. The parameters are specified in the project's official documents and are of greater importance to the planning than the advertised yield figures.

• A minimum of 2,000 AVAX pledge is required to run your own authentication node.
• Delegate to existing verification nodes requires at least 25 AVAX.
• The minimum period of commission is two weeks and the maximum period is one year.
• Authentication nodes can retain at least 2% of the fee.

One change brought about by the September 22 Helicon upgrade is easy to ignore: the minimum period for verifying nodes has been reduced from two weeks to 48 hours, while the principal's period remains two weeks. The principal now has a longer locking period than the verification node. After the commission, you will not be able to use these coins no matter how the price fluctuates during the two weeks.

This is where benefits and flexibility conflict. For an asset that has gained nearly 48% in 30 days, a two-week lock-in period is a real decision, not formalism. Therefore, anyone should weigh the lock-up period with their own investment vision before entrusting.

Holding period and taxation: tax issues triggered by the sale of AVAX in Germany

For private assets in Germany, the private disposal rules of Article 23 of the Income Tax Act apply. If you sell AVAX for a profit within one year of purchase, you will be subject to profit tax at the personal income tax rate. Once it exceeds one year, the proceeds of sale are tax-exempt. For gains realized during this period, there is an exemption threshold of € 1,000 per year. Please note that the threshold is not a deduction: after the threshold is exceeded, all proceeds are taxable income, not just the excess.

The situation of pledge is different. Awards are treated as other income upon arrival and valued at the value of the day. Later sales of coins received in this way will have a new holding period starting from the date of receipt. If you withdraw rewards regularly throughout the year, you will hold many small positions, each with its own reference date. Therefore, people withdrawing rewards within a year need to maintain a complete record of each credit.

AVAX's ETP follows different rules, depending on the structure of the bill. This overview is not a substitute for tax advice; for large amounts of funds or unclear classification, consult a tax adviser.

Risk: Single issuer concentration and 92% distance to historical high

In addition to growth data, there are three points to note:

1. Single issuer concentration: As mentioned earlier, when a token provides most growth, this indicator is very sensitive to events at that issuer. This holds true in both directions.
2. Gap from historical highs: AVAX is trading 92.3% below the November 2021 record. A 47.9% increase in one month sounds huge, but it is based on a very low base. From here, prices need to rise about thirteen times to return to their old levels.
3. Reliance on regulatory decisions: The existence of tokenized stocks relies on regulators allowing them to exist. If the position of the United States or the European Union changes, the foundation of the entire segment will change accordingly, regardless of the technical quality of the relevant chain.

On the other hand, the inflow comes from the institutional side rather than stories on Social networks. Institutional funds flow slower, but usually stay longer. The bullish view is that Avalanche will establish it as an infrastructure for regulated assets. A bearish view holds that the data suggests a breadth that a single issuer cannot support alone.

Conclusion: The key points for your decision

distinguish growth from position.

Avalanche has led growth in the past 30 days with US$266 million, but it lags BNB Chain, Ethereum and Solana by approximately US$428 million in holdings in tokenized stocks. If you want to start investing through a regulated cryptocurrency exchange, check the licenses, AVAX spreads and withdrawal fees first.

Consider lock-up period before entrusting.

The minimum commission amount is 25 AVAX, the lock-up period is two weeks, and the verification node fee is at least 2%. Please refer to our pledge platform comparison for terms and terms of each provider.

Determine the holding period before purchase, not after purchase.

One year determines whether tax exemption or taxable, and pledge rewards will start their respective holding periods. For software that tracks each position and its reference dates, see our comparison of cryptocurrency tax tools.

A list of the sources behind this article: Cryptobriefing's 30-day RWA inflow analysis and pledge parameters in Avalanche official documents.

(As of October 3, 2026. This article does not constitute investment advice. Price and fee structures are subject to change; please check terms with your provider before purchasing.)