Avalanche
ChainsActive

Avalanche

Subnet model: custom L1s per institution. BlackRock deployed here. Question is whether subnets fragment liquidity faster than attract it.

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Brief

~$1.3B RWA. BlackRock $500M tokenized fund. Subnets enable institutional chain customization. 950% RWA growth in 2025.

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Snapshot

Key terms and identifiers.

Asset classes
Treasuries, Private credit, Equities
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Connections

Who they build with, build on, integrate with.

Dependency

Where this player builds on, integrates, or relies on others.