Last night, the NYSE chose Avalanche as the settlement ledger for tokenized stocks, and the market reaction was anything but cold.
Spot is around 8.69, up roughly 8.4% over 24 hours, after touching a high of 9.01.
Futures trading volume is about 310 million U, and open interest in notional terms rose from roughly 63.6 million to 79.9 million U in a day.
About 60% of accounts are long, and the funding rate is nearly flat.
The public statement describes it as ledger technology on the clearing side, still subject to regulatory approval—not an immediate move to put spot trading on-chain.
The narrative is heating up and positions are growing, so for now I’m treating it as an event-driven move.
$AVAX #Avalanche #Tokenization
Personal opinion only; not investment advice
Spot is around 8.69, up roughly 8.4% over 24 hours, after touching a high of 9.01.
Futures trading volume is about 310 million U, and open interest in notional terms rose from roughly 63.6 million to 79.9 million U in a day.
About 60% of accounts are long, and the funding rate is nearly flat.
The public statement describes it as ledger technology on the clearing side, still subject to regulatory approval—not an immediate move to put spot trading on-chain.
The narrative is heating up and positions are growing, so for now I’m treating it as an event-driven move.
$AVAX #Avalanche #Tokenization
Personal opinion only; not investment advice