AVAX gained nearly 7% in 24 hours as Avalanche's real-world-asset activity accelerates and its Helicon network upgrade advances. Securitize has now put $976 million in asset value on the chain, while Helicon changes how transactions execute and how staking works on the network.
AVAX gained nearly 7% over the past 24 hours, briefly touching $6.92 on Tuesday before pulling back to $6.79. The token also climbed a little over 5% on the week.
The move follows several developments across the Avalanche ecosystem, from real-world-asset growth to a network upgrade.
RWA and stablecoin activity build
Securitize has distributed $976 million in asset value on Avalanche, a 123% increase over the past 30 days. Avalanche now ranks as the ninth-largest blockchain by RWA holder count, with 9,218 holders, according to RWA.xyz — behind Robinhood, Solana, BNB Chain, Plume Network, Ethereum, Base, Polygon, and Stellar, but ahead of Arbitrum. The network remains among the leading stablecoin networks too, with a stablecoin market cap near $1.5 billion.
Helicon upgrade advances the C-Chain
The Helicon upgrade went live on the Fuji Testnet on July 28 with changes to the C-Chain. It introduces decoupled, continuous transaction execution that separates transaction execution from block generation to improve how smart contracts process data. The upgrade also adds Auto-Renewed Staking, letting validators opt into automatically renewing their stake to cut administrative work, lowers the minimum staking duration and brings more efficient pricing mechanisms aimed at stabilizing transaction costs.
Source: CryptoPotato
Trading involves risk.
Risk Disclaimer
