AVAX rallied 7% in 24 hours, driven by Helicon upgrade, Securitize asset distribution increase, and $2.7B RWA migration from Progmat.
Tech & Launches ·
AVAX gained nearly 7% over 24 hours, touching $6.92 before settling at $6.79, with weekly gains exceeding 5%. The price movement coincided with several ecosystem developments, including deployment of the Helicon upgrade—which enhanced transaction execution and staking processes—alongside a 123% increase in asset value distributed through Securitize.
Real-world asset activity has intensified on the network. Avalanche currently ranks among leading stablecoin platforms with a market cap near $1.5 billion and absorbed a $2.7 billion migration of tokenized assets from Japan-based Progmat, representing substantial inflow of on-chain RWA infrastructure.
Whether these upgrades and asset migrations will sustain upward momentum or face headwinds remains unclear. The extent to which the Helicon improvements drive user adoption and the durability of Progmat's asset positioning under market conditions have not yet been tested.