The NYSE picked Avalanche, but settlement isn’t happening on its public blockchain.
The announcement came yesterday: a tokenized stock platform will use Avalanche technology for settlement.
AVAX jumped more than 7% to $8.6, briefly touching $9 intraday.
At the same time, BTC and ETH were still falling.
The twist is in the details: the NYSE is using its own dedicated chain, and settlement fees don’t go through the public chain.
I think this rally is about legitimacy, not demand.
If $9 doesn’t hold, I’m not chasing. 👀
$AVAX
#纽交所将用Avalanche结算代币化股票
The announcement came yesterday: a tokenized stock platform will use Avalanche technology for settlement.
AVAX jumped more than 7% to $8.6, briefly touching $9 intraday.
At the same time, BTC and ETH were still falling.
The twist is in the details: the NYSE is using its own dedicated chain, and settlement fees don’t go through the public chain.
I think this rally is about legitimacy, not demand.
If $9 doesn’t hold, I’m not chasing. 👀
$AVAX
#纽交所将用Avalanche结算代币化股票
