Avalanche (AVAX) has surged to dominate the tokenized stock market, generating $131.2 million in inflows over the past week, primarily driven by tokenization partner Securitize. This concentration, however, suggests demand is for a specific product rather than broad interest in Avalanche-based equities. Meanwhile, Goldman Sachs is migrating its $105 billion Treasury fund to Lynq, a permissioned Avalanche Layer 1 network, positioning it for institutional settlement. Despite rising asset values, on-chain activity for tokenized real-world assets remains low, with transfer volumes declining 75% despite an 8.4% increase in total value, pointing to a gap between issuance and usage.
The tokenized stock market is experiencing a rapid shift as fresh capital enters the space. Avalanche generated $131.2 million over the past week, with all other networks lagging well behind.
Securitize, which provided a $132 million boost in market capitalization, helped Avalanche take the lead. This concentration suggests the inflows reflect demand for a specific tokenized-stock product rather than a broad move into Avalanche-based equities.
Solana captured $16 million, while X Layer saw $8.5 million. Conversely, the Ethereum network lost approximately $5.6 million.
Goldman Sachs has announced it will be migrating its $105 billion FTIXX Treasury Fund to Lynq. This allows firms to utilize their capital between trades, earning Treasury yields and redeeming them once liquidity levels return to normal.
Lynq connects more than 30 institutional participants through a permissioned Avalanche Layer 1 network. The FTIXX fund provides yet another way to allow balances to flow through the Lynq platform.
Avalanche is experiencing a conversion issue with its growing institutional base. Distributed real-world asset (RWA) values increased by 8.4% from $1.67 billion to $1.80 billion over a thirty-day period.
Conversely, RWA transfer volumes decreased by 75% to $81 million. This suggests a significant portion of this value may be dormant after being issued.
Stablecoins present a contrast, where $934 million of supply supported $17.5 billion in transfers. This shows Avalanche already has deeper transactional use in payments than tokenized assets.
For institutional adoption to broaden, new treasury and equity products must generate recurring transfers. Until then, Avalanche’s growth remains asset-heavy but activity-light.
