Avalanche (AVAX) rallied on Tuesday after the New York Stock Exchange (NYSE) selected its blockchain infrastructure to support settlement for a forthcoming tokenized securities platform. The decision marks a significant step for Avalanche as traditional financial institutions increasingly explore blockchain-based solutions for modernizing market infrastructure.
AVAX climbed to $8.60, gaining 5.2% over the past 24 hours. The token had earlier reached an intraday high of $8.99, bringing the key psychological resistance level of $9 back into focus.
Trading activity also increased sharply alongside the price recovery. Avalanche recorded approximately $537 million in 24-hour trading volume, up nearly 448% from the previous day. The latest move extended Monday’s bullish momentum, when AVAX gained as much as 10%, outperforming most major cryptocurrencies.
NYSE Selects Avalanche to Support Tokenized Securities Settlement
Avalanche will provide the underlying ledger infrastructure for the clearing firm supporting the NYSE’s proposed digital alternative trading system (ATS). The initiative aims to facilitate continuous trading, clearing, and settlement of tokenized securities, potentially allowing investors to trade tokenized U.S. stocks and exchange-traded funds outside traditional market hours.
The blockchain infrastructure will operate on a dedicated Avalanche network built to satisfy institutional requirements. However, the NYSE will retain its existing Pillar matching engine to process buy and sell orders.
The decision underscores Avalanche’s growing position among traditional financial institutions seeking faster, more adaptable settlement infrastructure.
The announcement also comes as major financial market operators expand their blockchain initiatives. Nasdaq is developing its own tokenized securities infrastructure, while the Depository Trust & Clearing Corporation (DTCC) continues advancing blockchain-based settlement solutions.
Securing a role in the NYSE project gives Avalanche greater visibility in an increasingly competitive tokenization market. Given the exchange’s position as one of the world’s largest stock markets, its selection represents a meaningful endorsement of Avalanche’s technology.
AVAX Approaches $9 Resistance as Trading Volume Explodes
Avalanche’s latest rally has pushed its native token toward a significant technical resistance level. AVAX advanced from an intraday low near $7.82 to approximately $8.99, bringing the $9 threshold within striking distance.
A decisive breakout above $9 could open the door to another resistance area around $9.10.
The substantial increase in trading volume further strengthens the bullish outlook, suggesting that investor participation has picked up following the NYSE announcement. Continued buying pressure and a sustained move above $9 could support further recovery toward higher price levels.
However, failure to maintain the upward momentum could trigger profit-taking. In that scenario, the $8 level represents the first major psychological support area traders may watch.
The latest price movement also highlights Avalanche’s broader push into institutional finance. Its blockchain infrastructure is gaining exposure as traditional financial firms increasingly investigate tokenized assets and alternative settlement systems.
The NYSE partnership could further strengthen that positioning. Rather than simply securing another cryptocurrency industry collaboration, Avalanche is now linked to the infrastructure strategy of a major traditional stock exchange, potentially expanding its role in the evolving digital securities market.
