Real-world assets circulating on Avalanche reached approximately $1.73 billion as of October 12, 2026, including $545 million in tokenized U.S. Treasuries at the end of the third quarter. BlackRock’s BUIDL fund, the largest contributor to this category, fell from roughly 907 million tokens in July to 483 million in early October because of redemptions and fluctuations in institutional minting. Axiym’s stablecoin payment volume hit a record $529 million in the third quarter, taking its lifetime volume above $2 billion and its year-over-year growth to 4.4 times. Avalanche’s reported total exceeds $11 billion, but approximately $10.7 billion comes from a single copper-gold token that does not circulate and therefore does not reflect actual network usage.
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