The Economics of Blockchain is the Avalanche Foundation’s public research series and the ongoing home for our economic research agenda. The agenda is organised around a sequence: measure the value the @avax ecosystem creates, capture that value at the protocol level, and determine how it is distributed across the network. Each piece published in the series connects explicitly to that agenda: advancing the central hypothesis, answering one of the research questions, or documenting what the evidence shows and where it points next. Updates, findings and new research will be shared through the series as the work develops 🔺

Institutions that embrace blockchain are defining the future of finance. Ava Labs President, Charley Cooper, sees a future of better service for clients and greater opportunity for the broader economy. Avalanche is built to lead the way.

1/ ✅ @JanusHenderson, a ~$500B asset manager, expands its role on @avax as a validator and as an equity holder in @TranchedFi. ✅ @CharlesSchwab research names Avalanche a leader in RWAs and institutional use cases. ✅ @zerohashx and @AvaLabs find 62% of banks expect blockchain to be standard within two years. ✅ @FIFACollect explains how blockchain verifies sports tickets. Another week of institutions going on record about Avalanche. Here’s the recap 🧵

Next week, Ava Labs President & COO @CharleyCooper01 will speak at @TheTieIO’s The Bridge conference in NYC. He’ll join leaders from BNY, Nasdaq, DTCC, and Galaxy for a panel on whether institutions are actually ready for markets that never close. Details below:

Progmat Moved $2.7 Billion to Avalanche Progmat’s migration to Avalanche offers a closer look at how financial institutions can change their blockchain infrastructure without rebuilding the securities already running on it. Blog below 👇

Sports fans deserve an easier and safer way to purchase tickets. Francesco Abbate of @FIFACollect explains how blockchain helps verify authenticity, track ownership and give real fans a clearer path from digital collectibles to tickets on gameday.

New research from @CharlesSchwab highlights the quality of activity on Avalanche, from real-world assets to stablecoins, lending, and asset management. Understanding how that activity creates lasting value for the network is at the heart of our research agenda, and why we created Gross Chain Product to measure that value. The work continues 🔺

JUST IN: Charles Schwab identifies Avalanche as a leader in RWAs and institutional use cases. New research from @CharlesSchwab points to custom L1s and high-utility financial activity as key differentiators for the network.

Closed beta is officially over. YourGrails is now fully open to everyone. With onchain transparency, positive EV on every pack, and engaging battle and race experiences, we’re raising the standard for onchain collecting. Your next grail is waiting.

REX Chain mainnet is live on Avalanche 🔺 Today marks a new chapter for RealX as we build a unified market for onchain finance. Tokenized stocks, US Treasuries, yield and crypto. One non-custodial app. One portfolio across chains. Trade at 3am. Explore Treasury yields on the weekend. Manage your investments alongside your ETH, without juggling different wallets. But bringing markets together is only the beginning. Built as a dedicated Avalanche L1 for RWAs, REX Chain launches with bridging and asset issuance, laying the foundation for borrowing, liquidity and new financial applications. With Avalanche C-Chain support in the RealX app, we're expanding what's possible for users across the ecosystem. From accessing onchain markets to putting your capital to work. 🌐

BREAKING: Marquette University Athletics is bringing fan rewards to Avalanche with Uptop Today, Marquette joins a growing roster of schools and sports teams on @uptop_xyz. With Marquette Rewards, fans can earn tickets, merch, and experiences with everyday purchases at participating businesses. More ways to reward, built on Avalanche.

How Avalanche Is Becoming Infrastructure for South Korea’s Onchain Capital Markets South Korea is laying the legal and technical groundwork to bring traditional securities onchain, positioning Avalanche as a key blockchain for its central depository platform Blog below 👇

Team1 Japan: Institutions Chose Avalanche. Now It’s the Builders’ Turn As institutions lock in Avalanche across the country, @Team1JP arrives to support the developer ecosystem and community along with them. Blog below 👇

Another week of real world adoption and global expansion across the @avax ecosystem. 🔺 from Dubai's courts bringing records onchain to billions in stablecoin payments, and Team1 reaching 10 chapters worldwide. here’s what the eco has cooked: 🔺 Dubai's @DIFCCourts handled $5.1B across 2,500+ claims in 2025. The courts are now using Avalanche to make court orders and hearing records verifiable worldwide in seconds, while keeping confidential documents offchain. 🔺 @AxiymFinance's stablecoin payment volume on Avalanche grew 4.4x over the past year, reaching a record $529M in Q3 and surpassing $2B in lifetime payments. 🔺 @centrifuge now holds $263.08M in tokenized assets on Avalanche, following the earlier launch of New York Life Investment Management's first tokenized fund, HYB, on the network. ~ @MSBIntel 🔺 @pangolindex Perps recorded $43.83M in trading volume over 30 days, reflecting growing activity across Avalanche's derivatives market 🔺 @AvaxTeam1 officially launched @Team1JP as its 10th global chapter, building on 30 events across four Japanese cities, 1,200 attendees, 18 Avalanche Gourmet Nights and four institutional events. @AvalancheFDN welcomed the milestone, highlighting Japan's growing institutional adoption and the importance of supporting local builders. 🔺 @Team1Africa_ hosted an Avalanche workshop in Zaria, Nigeria, introducing students and developers to the network and exploring opportunities to bring local products onchain alongside @SethDannyYak and @InsideDHive. 🔺 @Team1Africa_ brought students and builders together for an Avalanche Academy onboarding session at @go2uj in Johannesburg, South Africa, helping newcomers explore Web3 and connect with the Avalanche community. 🔺 @Team1USA_ wrapped up The New Business Stack: Blockchain × AI during SF Tech Week, bringing founders and builders together to discuss agent payments, AI and the future of onchain business alongside @GoKiteAI and @tenki. 🔺 @Team1TUR announced UniTour #3# with @garantibbvakrp, bringing blockchain education and Web3 career opportunities to six universities across three cities, with more than 20 speakers. 🔺 @Team1VN introduced over 250 students at Vietnam Korea University of Information and Communication Technology to Avalanche through its Uni Tour, while also welcoming @MEXCVietnam as a sponsor of its upcoming UniHack. 🔺 @Team1IND joined India Blockchain Week 2026 as a community partner and announced its November 2 Networking Gala in Mumbai, bringing builders, founders and investors together during the conference week. 🔺 @AvaxTeam1 announced its first community event in Lviv, Ukraine, bringing local Web3 builders, creators and enthusiasts together to connect and explore opportunities. 🔺 @Team1USA_ introduced Team1 Break, a new weekly X Spaces series featuring stories from Web3 builders, creators and community members, beginning with the origins of Team1. 🔺 @Team1BR announced an upcoming trading card collectibles meetup in Salvador, Brazil, in partnership with @YourGrails, exploring the growing market for tokenized physical collectibles. 🔺 @loopia_world completed its latest selection stage and began preparations for the upcoming Loopians NFT mint. 🔺 @VanHoVibes introduced @avaxinbloom, a new community initiative creating space for women to connect, support one another and grow within the Avalanche ecosystem.

📣 Avalanche Q3 Ecosystem Call What to expect: Big tokenization news, growing institutional adoption, summit NYC recap, and more wins across the ecosystem. Last quarter gave us a lot to talk about, so let’s talk about it. Join the Quarterly Ecosystem Call tomorrow at 1pm ET for the highlights and a look at what’s upcoming. Watch live on X tomorrow and RSVP below:

You can send a message in seconds. Moving an investment can take much longer. Behind the screen, financial companies need to confirm ownership, update records, and complete the transfer. Those steps often involve separate systems. Avalanche is infrastructure, that companies can use, to bring more of that activity onto a blockchain. That’s what people mean by “onchain financial rails.” What does that look like? A company can issue a digital token representing a financial asset, then use a shared network to record its movement. For example, a tokenized fund gives investors a digital representation of their holding. The underlying investment still exists, while the blockchain records who holds the tokens. Why does it matter? When companies use separate records, they have to check that those records match. Shared infrastructure can reduce that work and help transfers complete more efficiently. For institutions, that can mean less time waiting for assets to move and more flexibility in how they use them. That’s the opportunity Avalanche is working toward: improving the systems behind the financial services people already use. 🔺