Two Major Wall Street Developments for AVAX: Price Faces the $8 Test

The initiative, developed by NYSE parent company Intercontinental Exchange (ICE), will use a dedicated blockchain network built on Avalanche technology. Speaking to CoinDesk, Ava Labs Chief Business Officer John Nahas explained that the infrastructure would be designed to meet institutional requirements rather than operate on Avalanche's public C-Chain network. The approach is intended to provide greater control over transaction costs, participant access, and regulatory compliance.

Although the institutional decision represents an important indication of Avalanche's potential use in financial market infrastructure, its direct contribution to the AVAX price remains uncertain. It is not yet clear how much economic value transactions conducted on the private network will transfer to the public Avalanche network. Experts cited in a November 11 analysis by Decrypt also emphasized that the project's technological success and any potential appreciation in the AVAX token should be evaluated separately.

Charles Schwab Announces AVAX Trading Access for Customers

US-based financial services company Charles Schwab announced on November 9 that it had introduced direct trading support for Avalanche (AVAX), Solana (SOL), and Chainlink (LINK). According to the company's announcement, Schwab Crypto users can now buy and sell these three altcoins alongside Bitcoin and Ethereum. The service initially launched with limited access in May before expanding to all eligible individual customers in October.

The expansion of Schwab Crypto is particularly noteworthy for AVAX's integration into traditional investment services. Customers can monitor their cryptocurrency transactions alongside stocks and other investment products through the same financial platform. However, the service remains restricted to certain US customers, and the company has not yet disclosed how much additional trading volume the expansion might generate.

Meanwhile, the Avalanche Foundation announced on November 11 that it would provide funding to six research teams studying the network's economics. The program evaluated more than 175 applications, with selected research projects focusing on cryptocurrency valuation, staking economics, validator incentives, and network security. According to the foundation's published announcement, some of the studies could take approximately one year to complete. The research will also examine how economic activity across Avalanche networks could translate into value for the AVAX token.

Why Is the $8 Level Important for AVAX?

AVAX experienced a brief but sharp rally following the institutional developments. According to CoinGlass data, the cryptocurrency gained approximately 9% on November 9, testing the $9 level during intraday trading. However, the rally failed to maintain momentum. The price declined to $8.38 on November 10 and fell to approximately $8.36 by the November 12 close. During trading on November 13, AVAX once again tested the $8 level, drawing attention to buying strength around this price zone.

Activity on the Avalanche network, meanwhile, presents a different picture from the token's price performance. According to a third-quarter report published by Blockworks on November 6, the value of tokenized real-world assets on Avalanche's C-Chain reached $1.22 billion at the end of September. Revenue generated by applications on the network increased 35% quarter over quarter to $7.25 million. The report also highlighted improvements in network performance and validator operating conditions following the Helicon upgrade, which was activated on September 22.

In the short term, $8 stands out as a psychological support level for AVAX, while the recent low near $7.80 represents another area to monitor if selling pressure intensifies. On the upside, $8.70 and $9 remain important resistance zones that have been tested recently. Looking ahead, the regulatory approval process for the NYSE-affiliated platform, investor demand generated through Schwab, and the extent to which economic activity on the Avalanche network translates into value for the AVAX token will be among the key factors shaping market expectations.