Ok... It looks like $AVAX is the new home of US treasuries.
According to data from the
@RWAFoundation_, Tokenized US treasuries on
@Avax has surged by some +76%, reaching a total of some $839 million on July 26.
But the growth didn't stop there, with
@MSBIntel reporting a figure of some $843 million just hours later.
Driven by the monumental growth, Avalanche is now a top-10 chain by stablecoin market cap, now above the likes of
@Ripple $XRP,
@Aptos $APT and
@StellarOrg $XLM, per DefiLlama data.
Well done.