AVAX and the NYSE: Will Avalanche's Stock Deal Reach the Coin?
The NYSE picked Avalanche to settle its always-open stock market. The video argues the deal may need very little AVAX. Here is its math and what to watch.
Key takeaways
- The New York Stock Exchange picked Avalanche to settle trades in its planned tokenized stock market, which would run at any hour on any day.
- The video argues AVAX benefits most directly when activity reaches Avalanche's main network, where fees are paid in AVAX and burned.
- According to the video, custom chains are how Avalanche works for big institutions now. Those chains pick their own validators and can pay most fees in their own token.
- By the video's math, even 100 validators on an NYSE chain would need about 133 AVAX a month, roughly $1,200.
- The video says the number to watch is activity and fee burn on Avalanche's main network, not the headlines or the daily price.
The New York Stock Exchange has picked Avalanche, the blockchain behind the AVAX coin, to settle trades in its planned tokenized stock market. That market is designed to run at any hour on any day. The video says AVAX rose about 7% on the news, but it argues the deal’s likely design means it may need very little AVAX.
That gap is what matters for anyone holding the coin. A blockchain landing a big name and the coin gaining value are two different things. The video walks through where the NYSE deal could send money and where it probably won’t. It also points to the number that shows whether Wall Street activity is reaching AVAX.
What did the New York Stock Exchange announce?
The New York Stock Exchange chose Avalanche as the blockchain where stocks and cash change hands in its new tokenized market. Tokenized stocks are shares recorded as tokens on a blockchain. The NYSE said in January it was building such a market, but until now it had not said which blockchain would run it.
Under the setup the video describes, the NYSE would still match buyers and sellers the way it does today. Avalanche would handle settlement, the step where the stock and the money change owners. Today that step takes until the next business day, and nothing moves on weekends. On Avalanche, the video says, settlement would happen in seconds at any hour.
Ava Labs, the company that built Avalanche, says the NYSE tested the network for about a year first. Ava Labs president Charley Cooper told the NYSE’s TV show that this is meant to be a production system, not a pilot. Once the NYSE is ready and its regulators approve it, the intent is to make round-the-clock trading live for real. The video says the NYSE wants it running before the end of the year.
Why hasn’t AVAX followed the good news?
According to the video, AVAX has jumped on big Avalanche headlines twice this year and slid back both times.
- September: Ava Labs said the NYSE had been testing Avalanche. The video says AVAX went from about $7.50 to over $11 in four days.
- Later that month: Goldman Sachs made a treasury fund worth about $100 billion available on a private network built with Avalanche’s technology. The video says AVAX then climbed close to $12, a six-month high.
The video says AVAX was back at $8.20 the day before the NYSE news. It also says that, even after the latest bump, AVAX is still about 94% below its record. That pattern echoes an earlier Bullrunners look at why Avalanche adoption hasn’t lifted the coin.
The video also plays an older clip of Kevin O’Leary. In it, he says that if an exchange adopted a blockchain, the value of its token “would go through the roof.” So far, the video notes, that hasn’t happened.
How could Avalanche’s success reach the AVAX coin?
AVAX gains from Avalanche’s growth mainly through fees on the main network. Every transaction on Avalanche’s main network pays its fee in AVAX, and those fees are burned, meaning removed from supply. More activity on the main network means more AVAX burned.
The video lists several positives for Avalanche:
- In July, tokenized assets on Avalanche jumped about 60% in one month to $2.1 billion. That put Avalanche in the top five blockchains for tokenized assets.
- Avalanche later added more than $260 million of new tokenized assets in 30 days, more than any other blockchain over that period.
- Charles Schwab said in August it would add AVAX for its customers. The video describes this as happening “in the coming months,” but Schwab Crypto began offering AVAX trading on November 9, 2026.
- Cooper said stocks are only the start. He named Treasuries, private credit and mortgages as possible next steps, with trillions of dollars of such assets worldwide.
For background on what these assets are, see real world asset tokenization for beginners.
How much Wall Street money is actually on Avalanche?
The video’s numbers show less money on Avalanche than the headlines suggest. Counting only tokenized assets that people can trade or send, the video puts the total at about $1.4 billion today. That is down more than 30% from $2.1 billion in July. In the video’s words, more money left than arrived.
The table below uses the figures given in the video.
| Measure | Earlier | Recent (per the video) |
|---|---|---|
| Tradable tokenized assets on Avalanche | $2.1 billion (July) | About $1.4 billion (at the time of the video) |
| BlackRock fund on Avalanche | About $900 million (July) | About $480 million (late October) |
| Weekly AVAX burned in fees | About $44 million (late 2023) | Under $90,000 (week before the NYSE news) |
By comparison, the video says Ethereum holds about 10 times more tokenized assets than Avalanche. It says Solana and Stellar each hold more than three times as much.
The video says direct buying of the coin has also been thin:
- ETFs: The AVAX ETFs, including VanEck’s and Grayscale’s, had taken in less than $10 million in total by April. At one point they went 16 trading days in a row with no new money.
- Scale: The video calls that small for a coin it describes as worth almost $4 billion. It contrasts it with the roughly $1.8 billion taken in by the XRP ETFs.
- Treasury company: Avalanche Treasury Co., a Nasdaq-listed company set up to hold AVAX, holds about 13 million AVAX and stakes most of it. The video says it spent about $3 million last quarter buying back its own shares, money that did not go into AVAX.
Will the NYSE deal need much AVAX?
According to the video’s math, the NYSE deal may need very little AVAX if the exchange runs on a custom Avalanche chain.
Dennis Lee, head of digital issuance at the NYSE, set out what the exchange needs. The settlement system must be fast and reliable, must let the NYSE control who takes part, and must keep costs predictable. He said Avalanche meets all of those needs.
The video argues Avalanche’s main network meets neither of the last two needs. Anyone can use it, and fees are paid in AVAX, so costs swing with the coin’s price. According to the video, Avalanche said in a post five days before the news that the answer is a custom chain with its own validators and its own rules. Validators are the computers that run the chain. The operator decides who gets in and can pay fees in its own token instead of AVAX. Goldman’s fund also used a private network like this.
The main cost such a chain pays in AVAX is a fee for each validator. The video puts that fee at about 1.33 AVAX a month. Avalanche’s developer documentation lists this as the current minimum rate, and it can rise if the network gets crowded. At about $8.70, the price the video uses, that is around $12 per validator.
Nobody has said exactly how the NYSE setup will work. The video says Ava Labs’ post describes a setup built around the NYSE’s own market, so the exchange doesn’t share a network with everyone else. If it is built that way, the video calculates that even 100 validators would need about 133 AVAX a month, roughly $1,200.
This is the same question Bullrunners has asked about other bank-linked altcoins and whether bank money ever reaches the token.
What did Charley Cooper mean by “invisible adoption”?
Charley Cooper said that for viewers interested in trading, the deal “might not mean a heck of a lot.” His reason was that if Ava Labs does its job right, the result is “invisible adoption.” He said the NYSE wanted its existing standards for compliance, liquidity, privacy and security to keep working at least as well as before. Stock traders would not notice a change.
The video’s point is that invisible is ideal for stock traders, but for AVAX holders it means people could trade stocks on Avalanche all day without ever buying AVAX. The video adds that AVAX could still rise if the wider market rises. In its view, price is driven by stablecoin inflows and overall market liquidity.
A checklist for tracking whether the deal reaches AVAX
The video argues the price on launch day will say less than the network data. These are the measures it highlights:
- Main-network fee burn. Compare weekly AVAX burned with the under-$90,000 level the video cites for the week before the NYSE news.
- Where NYSE stocks trade after settlement. By the video’s reasoning, AVAX benefits if tokenized stocks are traded or borrowed against on the main network, not only on a private chain.
- Tradable tokenized assets on Avalanche. Watch whether the roughly $1.4 billion figure the video cites grows back toward July’s $2.1 billion.
- Large funds on the chain. Track whether BlackRock’s fund on Avalanche keeps shrinking or recovers.
- Direct demand for the coin. Watch AVAX ETF inflows, trading activity now that AVAX is available on Schwab Crypto, and whether Avalanche Treasury Co. buys AVAX or its own shares.
What to watch next
The key date is the NYSE launch, which depends on the exchange being ready and its regulators approving it. When it goes live, look first at how the NYSE setup is built and whether any of its activity touches Avalanche’s main network. For how a similar institutional story played out earlier, see the Bullrunners breakdown of AVAX’s Securitize and BUIDL rally. The deal is real either way. The video’s view is that whether it matters for the coin will show up in the burn numbers, not the headline.
Frequently asked questions
Did the New York Stock Exchange choose Avalanche?
Yes. The NYSE picked Avalanche to handle settlement, the step where stocks and money swap, in its planned tokenized stock market. Ava Labs says the exchange tested Avalanche for about a year before choosing it.
Why didn't AVAX rise more after the NYSE news?
The video says AVAX rose about 7% on the news but remains about 94% below its record. It argues that institutional deals on Avalanche mostly run on custom chains that need little AVAX, and that activity and fee burn on the main network are low.
How much AVAX would the NYSE need?
Nobody has said exactly how the NYSE setup will work. If it runs as a custom chain, the video estimates about 1.33 AVAX a month per validator. On that basis, 100 validators would need about 133 AVAX a month, roughly $1,200 at the price the video cites.
What did Ava Labs president Charley Cooper mean by 'invisible adoption'?
Cooper said that if Ava Labs does its job right, stock traders won't notice any change in how trading works. The video points out that this suits stock traders, but it also means they could use Avalanche without ever buying AVAX.
How are AVAX ETFs doing?
According to the video, the AVAX ETFs, including VanEck's and Grayscale's, had taken in less than $10 million in total by April. At one point they went 16 trading days in a row with no new money. The video compares that with about $1.8 billion for the XRP ETFs.
Full video transcript
From the video's captions, lightly formatted. Captions can mishear names and numbers, so check figures against the article above.
If you told me an exchange adopted one of these chains, I'd be all over that.
That was Kevin O'Leary from Shark Tank saying he'd be all over it if a stock exchange ever picked one of crypto's blockchains. And now the biggest stock exchange in the world just did it. The New York Stock Exchange picked one altcoin's blockchain to run its new stock market, the one that never closes. And Goldman Sachs is already using its technology. Schwab is getting ready to sell the coin to everyday investors.
So if you already hold this coin, this could be the moment you've waited years for. But there's one detail in the New York Stock Exchange's own plans that decides whether all of this Wall Street money ever reaches the coin or not or goes right past it. And the day the news broke, the president of the company that built this blockchain went on the New York Stock Exchange's TV show and he was asked what all this means for regular people. And his answer came down to one word. So if you hold this coin, that one word is the most important thing he said in the whole entire interview.
So will all of that Wall Street money finally reach the coin and make it the one altcoin that surprises everyone in the next bull run? Well, we're going to find out in this video. Let's run it. All right, bull runners, welcome back to the channel. So the coin that we're talking about is AVAX.
And the blockchain the New York Stock Exchange picked is Avalanche. AVAX jumped about 7% on the news, but it's still about 94% below its record. The New York Stock Exchange has been working towards this for most of the year. In January, it said it was building a market where stocks sit on a blockchain as tokens. You'd be able to trade them at any hour on any day, but what it never said was which blockchain would run it.
Now we know which one. When you hit buy, the New York Stock Exchange will still find you a seller the same way it does today. And Avalanche is where your stock and your money actually swap. Right now that swap takes until the next business day. And on weekends, nothing moves at all.
But on Avalanche, it happens in seconds at any hour. So is this the real thing or just another blockchain test run? Well, Ava Labs, the company that built Avalanche, says the New York Stock Exchange tested it for about a year first. And the president that I mentioned, Charlie Cooper, got asked on the what makes this different from all other blockchain projects we've seen? And here's what he told them.
First of all, the move to issue equities on chain is only the first piece in the puzzle. And what we're attacking here is that everything that happens afterwards. People got excited about tokenizing equities and putting them on chain, but sitting on chain doesn't actually do a great deal. After you put something on chain and the activity happens downstream in the post trade, it's a massive benefit in terms of efficiency, capital efficiency, freeing up trapped assets, which is critical. The second thing is unlike a lot of pilots and proofs of concept that have been happening in the industry for a long time,
Mhm.
this is actually a move towards in production. So that when the New York Stock Exchange is ready and its regulators have approved it, their intent is to make this 27 trading live and accessible to the markets, not just in a test environment, but for real. So this is taking blockchain out of the laboratory and putting it into the real marketplace.
So this is meant to go live for real and the New York Stock Exchange once it running before the end of the year. Now remember Kevin O'Leary at the start of this video. Well, he said that an avalanche event before any of this was announced, someone asked him what it would take for him to go all in on a blockchain. And he also said what he thought would happen to the tokens if an exchange ever picked one. Here's his whole answer.
Adoption, use case adoption. If you told me an exchange adopted one of these chains, I'd be all over that. The values of those of those tokens would go through the roof because that is going to be the platform by which tokenization is supported on that exchange. That's the next big thing. So who's going to get it?
Which chain's going to get it? And And everybody not not just me, everybody's trying to figure this out. I don't think it's going to be Ethereum anymore. I don't think it's fast enough. I don't think it's secure enough.
I That's an opinion, my own opinion, but clearly they would have had it already. And so they didn't get it.
So are those tokens going to go through the roof? Well, so far the answer is no. And if you hold avalanche twice this year, you've watched big news send it flying and then watched it fall right back down. The first came in September when Ava Labs said the New York Stock Exchange has been testing avalanche for a year. Avax went from about $7.50 to over $11 in just 4 days.
In a week later, Goldman Sachs came in too. Its treasury fund is worth about $100 billion and it made that fund available on a private network built with avalanche's technology and Avax climbed close to $12, its highest price in 6 months. And the day before the New York Stock Exchange news, Avax was back at $8.20. That's about 27% below that high and that's what makes it so frustrating. You were right about avalanche.
The big names really did show up and you're still sitting on a loss. And if that's you right now, don't let this news push you into a quick move either way. If you want someone to look at your avalanche with you first, my research team does that on a free call and you can simply check the first link in the description below. Book a strategy call before you make your next move because plenty of holders were already asking the big question the moment that this news came out. Does this benefit the token Avax in any way other than speculation on the news?
And that's the right question to ask. To answer it, you need to know how a deal like this could ever reach your Avax coins in the first place because on avalanche's main network, every transaction pays its fees in Avax and those fees get burned. So there's a little less Avax out there every time someone uses the network and that's how a win for avalanche turns into a win for the coin. And avalanche has been winning. Its big pitch to Wall Street is tokenized assets.
That's things like funds, bonds, and stocks turned into tokens on a blockchain. In July, the tokenized assets on avalanche jumped about 60% in 1 month to $2.1 billion. So that put avalanche in the top five blockchains for tokenized assets. Then it added more than $260 million of new tokenized assets in just 30 days. No other blockchain added more and a lot more everyday investors can soon buy Avax in a couple of clicks.
Charles Schwab is one of the biggest brokers in America and in August is said it's adding Avax for its customers in the coming months. So how big could tokenized assets get? Well, Cooper said in that same interview that stocks are only the start. He then named Treasuries, private credit, mortgages as what could come next. And he said there are trillions of dollars of assets like that around the world.
So on paper, you've got the New York Stock Exchange, Goldman Sachs, and Schwab all lining up behind Avalanche. So if you hold AVAX, that's about as good as a setup you could ask for. So how much tokenized money is actually sitting on Avalanche right now? That's the next question that we need to ask because if you count only the tokenized assets people can actually trade or send on Avalanche, it's about $1.4 billion today. Back in July, it was $2.1 billion.
So even with the new money coming in, more money left Avalanche than arrived. That's down more than 30% since July. And Ethereum has about 10 times more tokenized assets than Avalanche. Solana and Stellar each have more than three times as much. So if you bought AVAX because of all this Wall Street news, you probably expected that $1.4 billion to be going up, right?
Well, one of the biggest names on Avalanche is shrinking. BlackRock's own fund on Avalanche went from about $900 million in July to about $480 million by late October, just last month. And now AVAX only gets burned when money moves on Avalanche's main network. And right now, that network is quiet. Back in late 2023, people burned about $44 million worth of AVAX in fees in a single week.
In the week before the New York Stock Exchange news, it was under $90,000. So with the network this quiet, is Wall Street at least buying the coin itself? Well, AVAX has its own ETF now from VanEck and Grayscale where they let anyone with a normal brokerage account buy AVAX the same way that they'd buy a stock. But in April, the AVAX ETFs had pulled in less than $10 million in total. And at one point, they went 16 trading days in a row without a single dollar of new money coming in.
Now for a coin worth almost $4 billion, $10 million is barely anything. And if you hold something like XRP, here's how small that is. The XRP ETFs have taken in about $1.8 billion since they launched. So the money for these funds is out there. It just hasn't been going to AVAX.
It's been going to the Bitcoin ETFs, the Ethereum ETFs, the XRP ETFs. And the company that was set up just to hold Avax hasn't been buying much either. It's called Avalanche Treasury Co. and it trades on the Nasdaq. It holds about 13 million Avax and it's put most of it to work earning staking rewards. But in its last quarter, it spent about $3 million buying back its own shares.
That's $3 million that didn't go into Avax. So all those Wall Street headlines that you've been reading haven't turned into real Wall Street money reaching your coin yet. But the New York Stock Exchange deal still could bring that money in. And here's how that could happen. Say the stocks the New York Stock Exchange settles start getting traded and borrowed against on Avalanche's main network.
Every one of those moves would pay a fee in Avax and that Avax gets burned. And as Cooper puts it, stocks just sitting on a blockchain don't do a great deal on their own. So a stock market that never closes with those stocks moving all day could need a lot of Avax. But that only happens if the New York Stock Exchange's stocks end up being traded there. And the New York Stock Exchange has spelled out what it needs.
The person in charge of these new digital stocks at the New York Stock Exchange, Dennis Lee, gave a shortlist. He said the system that settles these trades has to be fast and reliable. It has to let the New York Stock Exchange control who can take part and it has to keep costs predictable. Then he said Avalanche meets all of those needs. Now think about the two things on that list.
The New York Stock Exchange wants to pick who takes part and it wants costs it can plan for. Avalanche's main network gives it neither. Anyone can use it and every fee there is paid in Avax. So the cost swings with Avax's price. And you've seen Avax jump 50% in a few days.
No exchange wants its costs doing that. So how does Avalanche give the New York Stock Exchange both of those? Well, Avalanche explained it itself 5 days before the news, saying a custom chain with its own validators and its own rules. That's how Avalanche works for big institutions now. A company can run its own chain using Avalanche's technology.
It picks the computers that run it and it decides who's allowed in. It can even pay its fees in in own token instead of Avax. And Goldman's $100 billion fund from earlier went through a private network like that too. And the one thing a chain like that does have to pay in AVAX is a small fee for each of those computers. And right now, that's about $1.33 AVAX a month each.
At around $8.70, that's about $12. Nobody has said exactly how the New York Stock Exchange is set up will work, but Ava Labs' own post about the deal says the New York Stock Exchange gets a setup built around its own market, so it doesn't have to share a network with everyone else. And if it's built that way, even with 100 of those computers, it would need about 133 AVAX a month. That's only roughly $1,200. Now, think about what you're holding.
One of the biggest deals in Avalanche's history might need less AVAX in a whole month than a lot of you have sitting in your wallet right now. So, let's get to Cooper's one word. In the same interview, he was asked what all this means for people watching who want to trade. And here's how he answered.
Well, actually, for viewers who are interested in trading, it might not mean a heck of a lot because the reality is if we do our jobs right, and we will, we're looking at invisible adoption. What the New York Stock Exchange made very clear to us upfront is that they wanted all the levels that they had set in terms of compliance, liquidity, privacy, security that they already have built into the system to continue to work as well, if not better than it did previously. So, if you're a user and you're looking to trade equities, ultimately, you don't really care how the system works so long as you know that the system itself is working up to snuff and that you're getting the trades that you need to and access to the liquidity you need to. So, in that way, if we do it like I said, if we do this right, you won't actually know there's a big change in the way that things are happening.
Invisible. If you're trading stocks, that's exactly what you want. But if you're holding AVAX, it's the problem. Invisible means people could trade stocks on Avalanche all day and never need to buy any AVAX at all. So, could AVAX really surprise everyone in the next bull run?
Sure, it could. And it will likely go up if the rest of the market's going up. The New York Stock Exchange picking Avalanche is real, and it's a huge win for any blockchain, but the deal itself may barely touch your AVAX at all. The New York Stock Exchange own setup might only need about $1,200 worth a month. So AVAX only wins if more money starts flowing through Avalanche's main network because that's where every move burns a little AVAX, and right now hardly anyone is watching that.
They're watching the price, and the price moves based on stable coin inflows into the whole industry of the liquidity of the market going up overall. So if that main network starts getting busy again, that's what will catch everyone by surprise. Now, if you hold AVAX, you've been here before. You watched it jump on the testy news, then on the Goldman Sachs news, and both times you watched it slide right back down. And now the New York Stock Exchange news is here, and you're asking yourself the same thing again.
If this is the one, am I about to watch it fade a third time? And getting that wrong definitely costs you because you might buy more on the headline, and you could be buying the top for the third time this year. And if you sell because you're tired of waiting, you could be out right before the money finally shows up on Avalanche and it moves to the upside. Either way, it's your hard earned money that pays for that guess. And the price can't tell you what's going to happen next.
The number that really decides it is how busy Avalanche's main network is, and that isn't on an app that most people check. Then you'd have to weigh all of that against the rest of what you own. While the price is jumping around right in front of you with a full-time job, a family with kids, you don't have the time to watch all of this because it's a lot to work out on your own, and it's why most people end up guessing and losing money in the markets. So the best thing to do is to stop guessing and stop investing alone. Book a strategy call with an expert on my team.
We've been in this industry for the past decade. We do this every single day. We sit down with our clients. We go through what they hold, whether that's Avalanche, XRP, Bitcoin, Hyperliquid, you name it. And then we look at the size of it that still makes sense after the year that you've had.
That way you can leave the call with a plan for exactly what to do next when the next major headline drops, so that way you're not guessing when the news finally hits because the New York Stock Exchange wants this live before the end of the year, so there isn't long. The smartest thing that you can do is develop a strategy now. So click the first link in the description below. It says get your free crypto portfolio review. If you're on mobile, just tap the button that says more.
It's the first link in the top. There's a short video there, then a form that takes about a minute. And then you simply schedule a time on the calendar. Super simple. That way you can walk away from the call with a strategy that you're confident in.
So when the New York Stock Exchange flips the switch later this year, you can keep an eye on how busy Avalanche's main network gets with the help of my research team. They'll tell you more about your AVAX than the price will that day. So as always, I'll see you on the next video through the link below. I'll see you at the top. You know what to do.
Stay bullish.
[music] [music]
Education and commentary only, not financial advice. Crypto is volatile and you can lose money. Do your own research and speak to a qualified advisor before making investment decisions. Figures and quotes are as reported in the video on November 12, 2026 and may have changed since.
