Avalanche's AVAX rises nearly 50% in a week to eight-month high

  • AVAX surged nearly 50% in a week, reaching an eight-month high of $10.82.
  • Intercontinental Exchange is testing Avalanche for tokenized U.S. activity, adding to institutional interest in the network.
  • Helicon is scheduled for September 22 and will reduce the minimum validator staking period to 48 hours from 14 days.

AVAX surged nearly 50% in a week to an eight-month high of $10.82, supported by institutional interest and tokenization projects. Intercontinental Exchange is testing Avalanche for tokenized U.S. activity, while New York Life Investment Management, Centrifuge, Paxos and Aave have also expanded institutional or tokenization-related activity on the network. The move follows AVAX's September 20 rise of 12.67% to $9.58 and a separate September 19 rally measured by CoinGecko at 19.7% to $9.76. Traders had also been anticipating Avalanche's Helicon mainnet upgrade on September 22, which is designed to improve validator operations and reduce the minimum validator staking period to 48 hours from 14 days.

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