Avalanche onchain credit volume hits record $37.4 million in Q3
- —Onchain credit loan volume on Avalanche rose 34% to $37.4 million in Q3
- —Tokenized US Treasuries on the network reached $545 million, up 14% quarter over quarter
- —Real-world asset value on Avalanche stood at about $11.4 billion as of early October
- —Grove Finance anchored Galaxy's first tokenized CLO with a $50 million allocation on Avalanche
Why it matters: The growth in lending and tokenized assets signals deepening institutional finance on Avalanche, though volumes remain small and concentrated among a few large players.
Source: Crypto Briefing