BlockBeats reported on November 9, 2026, citing an official announcement, that Avalanche would provide core ledger infrastructure for the clearing institution behind a NYSE-affiliated tokenized-securities platform. Following the announcement, AVAX briefly rose as much as 6.4% and was quoted at $8.52 at the time of the report.
The network metrics in the same report tell a more mixed story. Over the preceding seven days, Avalanche C-Chain processed about 2.3 million transactions—roughly 329,000 per day and 13% more than the prior week. But seven-day decentralized-exchange (DEX) volume fell about 18% to $471 million, while on-chain fees fell about 34% to $1.5 million. More transactions, in other words, had not translated into stronger DEX trading demand or higher fees in that period.
Avalanche’s DeFi total value locked (TVL) stood at about $608 million, up roughly 14% over the week, mainly alongside growth in funds held by protocols including Aave V4. Its on-chain stablecoin supply was about $1.32 billion, still below its earlier level.
The distance from historical peaks remained substantial. TVL had reached about $11.5 billion in December 2021, leaving the reported level at roughly 5% of that peak. Stablecoin supply had reached about $4.7 billion in March 2022; the reported level was about 28% of that figure. Seven-day DEX volume was about 7% of its roughly $6.7 billion historical high. C-Chain’s seven-day transaction count had reached about 41.8 million in December 2023, versus about 2.3 million in the period covered by the report.
For valuation, the announced infrastructure role and the short-term AVAX price move are distinct from measured network activity. Transaction count, DEX volume, TVL and fees describe different aspects of usage and capital on the network; none of these figures, on its own, establishes protocol revenue accruing to AVAX holders or a value for the token.