Avalanche has surpassed BNB Chain to become the second-largest blockchain by distributed real-world asset (RWA) value, according to data from RWA.xyz. Avalanche reported $954 million in distributed RWA, slightly ahead of BNB Chain's $953 million. Ethereum remains the leader in this space with $11.59 billion in distributed RWA. The competition in the RWA sector is intensifying, with Avalanche's 77.1% distributed share playing a significant role in its recent ranking.