The value of real-world assets (RWAs) on the Avalanche blockchain has surged past $1.16 billion, a new all-time high. That figure represents a roughly 58% increase in just the past two weeks, fueled largely by fresh allocations from BlackRock’s on-chain money-market fund, BUIDL.
BlackRock’s BUIDL adds fuel
Institutional issuers have been piling into tokenized assets, and BlackRock is leading the charge. The asset manager’s BUIDL fund, which invests in short-term U.S. Treasury bills and repurchase agreements, has seen additional capital flow into its Avalanche-based representation. That injection accounts for most of the recent RWA growth on the network.
The broader market for tokenized assets has expanded markedly over the last year as traditional finance players race to capture the efficiencies of blockchain-based settlement and fractional ownership. Avalanche, with its subnet architecture and high throughput, has become a favored venue for these experiments.
AVAX price under pressure
Even as RWA activity booms, Avalanche’s native token, AVAX, isn’t sharing the spotlight. On Wednesday, AVAX traded around $9.25, down about 4% over the past 24 hours. The drop comes amid wider weakness across cryptocurrency markets.
Key support levels sit at $9.00, then $8.30, and a deeper floor at $7.40. On the upside, resistance is clustered near $10.40 and $12.00. The token’s relative strength index has edged lower, dipping toward neutral territory — a sign that buying momentum has faded for now.
What’s next for AVAX
AVAX’s near-term direction will likely track Bitcoin’s price action, according to the data. But the bigger swing factor could be institutional flows into Avalanche’s RWA products. If BlackRock and other issuers keep adding capital, the network’s on-chain activity could provide a floor for sentiment — even if the broader crypto market stays choppy.
So far, the RWA rally hasn’t translated into AVAX price gains. Whether that decoupling persists or eventually closes remains an open question for traders watching both the on-chain metrics and the macro charts.
