Avalanche adds $131M in tokenized stocks – But there’s a catch!

Share

Avalanche generated $131.2 million in tokenized stocks over the past week, primarily driven by Securitize which contributed a $132 million market capitalization boost. This concentration suggests that the inflows reflect demand for a specific product rather than a broad move into Avalanche-based equities. Goldman Sachs announced the migration of its $105 billion FTIXX Treasury Fund to the Lynq platform, allowing firms to utilize capital between trades while earning Treasury yields. However, RWA transfer volumes dropped by 75% to $81 million, indicating that Avalanche’s growth remains characterized by high asset valuations but limited transactional activity.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items