Avalanche (AVAX) gained momentum on Tuesday after the New York Stock Exchange (NYSE) picked its blockchain network to support settlement for a new tokenized securities trading platform. The announcement represents a major development for Avalanche as traditional financial markets increasingly turn to blockchain technology to improve their infrastructure.
AVAX climbed 5.2% to $8.60 over the past 24 hours, after briefly touching $8.99. The rally brought the important $9 resistance level back into focus, raising expectations of a possible technical breakout.
Trading volume also recorded a substantial increase, reaching $537 million over 24 hours. This represented a nearly 448% jump from the previous session. The move extended Monday’s gains, when AVAX surged by as much as 10%, outperforming several major digital assets.
NYSE Partnership Strengthens Avalanche’s Institutional Position
Avalanche will provide the blockchain ledger infrastructure for the clearing firm supporting the NYSE’s proposed digital alternative trading system (ATS). The platform is intended to support continuous trading, clearing, and settlement of tokenized securities, potentially giving investors access to tokenized U.S. equities and exchange-traded funds around the clock.
The project will use a dedicated Avalanche network designed to meet the operational and security requirements of institutional participants. Meanwhile, the NYSE will retain its existing Pillar matching engine to process trading orders.
The partnership signals growing institutional interest in Avalanche as financial market operators search for more efficient settlement technologies.
Other major market infrastructure providers are also exploring tokenization. Nasdaq is developing its own tokenized securities framework, while the Depository Trust & Clearing Corporation (DTCC) is advancing blockchain-based settlement initiatives.
Against this backdrop, Avalanche’s selection gives the network a stronger position in the race to bring traditional financial assets onto blockchain infrastructure. The NYSE’s involvement is particularly significant because of its scale and influence across global financial markets.
AVAX Price Targets $9 Following 448% Volume Increase
AVAX is approaching a critical technical level after recording a strong two-day recovery. The cryptocurrency climbed from approximately $7.82 to an intraday peak of $8.99, placing the $9 resistance zone within reach.
A convincing breakout above $9 could shift attention toward the next resistance level near $9.10.
The sharp increase in trading activity suggests renewed market participation following the NYSE announcement. If buyers maintain control and push AVAX above $9, the token could extend its recovery toward higher price levels.
However, a failure to sustain the rally may encourage short-term traders to secure profits. In that case, the $8 level could serve as the first significant psychological support.
Beyond the immediate price action, the NYSE development strengthens Avalanche’s efforts to establish itself in institutional finance. As traditional financial companies explore tokenized stocks, ETFs, and blockchain-powered settlement, Avalanche is positioning its network as a potential infrastructure provider.
The partnership gives that strategy additional credibility by connecting Avalanche with one of the world’s most prominent stock exchanges.
