Update
Avalanche's AVAX Token Gains 4%
Avalanche's AVAX token has gained approximately 4% in 24 hours following news of a partnership with the New York Stock Exchange (NYSE) for a tokenized securities platform. The token is now trading at $8.54, up 2.7% over the past 24 hours. The platform will support 24-hour trading of tokenized stocks across multiple blockchains using Avalanche's custom blockchain. Avalanche's market cap has also increased by 2.8%, now at $3.8 billion. The partnership represents a significant win for institutional adoption of Avalanche, but it does not necessarily mean more demand for the native AVAX token.