AVAX Is Up 7% While the Market Sleeps – These Catalysts May Explain Why

AVAX gained nearly 7% over the past 24 hours after briefly tapping $6.92 on Tuesday before pulling back to $6.79. The token is also up a little over 5% on the weekly timeframe.

The move comes as several developments add activity across the Avalanche ecosystem.

RWA Activity, Stablecoins and Network Upgrades

Securitize has now distributed $976 million in asset value on Avalanche, which is a 123% increase over the past 30 days. The ecosystem has also seen progress on its Helicon upgrade.

The upgrade, which went live on the Fuji Testnet on July 28, brings several changes to the C-Chain. It introduces decoupled, continuous transaction execution, which separates transaction execution from block generation to improve how smart contracts process data.

Helicon also adds Auto-Renewed Staking, which allows validators to opt into automatically renewing their stake and reducing administrative work for network operators. The upgrade also lowers the minimum staking duration, thereby reducing the amount of time tokens must remain locked for staking. It further brings more efficient pricing mechanisms aimed at stabilizing transaction costs on the network.

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