AVAX NYSE Deal Sparks 10% Rally: Avalanche Wins Tokenized Stock Role

Avalanche (AVAX) climbed on Tuesday after the New York Stock Exchange (NYSE) selected its blockchain technology to power settlement for a new tokenized securities platform. The move gives Avalanche a significant role in Wall Street’s push toward blockchain-based financial infrastructure. AVAX price reached $8.60, gaining 5.2% over 24 hours. The token had climbed as high as $8.99, putting the psychological $9 resistance level back within reach. Trading activity also picked up sharply. Avalanche recorded $537 million in 24-hour trading volume, an increase of nearly 448% from the previous day. The announcement followed a rally of as much as 10% on Monday, when AVAX outperformed most major coins.

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