AVAX surged over 50% in the past week, with mainnet upgrades and RWA expectations boosting market sentiment.

BlockBeats news, September 22, according to HTX market data, AVAX has recently followed Bitcoin's strong upward trend, rising from about $7.5 to above $11 over the past week, with a cumulative gain of about 50%, hitting a nearly 8-month high, while trading volume also expanded simultaneously.

On the news front, Avalanche plans to launch the Helicon mainnet upgrade on September 22, shortening the minimum staking lock-up period from 14 days to 48 hours, and introducing automatic staking renewal and raising validator uptime requirements, which is expected to improve capital flexibility and staking efficiency.

At the same time, the market continues to trade its institutional tokenization narrative. ICE and Ava Labs remain in contact regarding 24/7 trading infrastructure for tokenized U.S. stocks, ETFs, and other assets; New York Life Investment Management plans to launch a tokenized U.S. high-yield corporate bond fund on Avalanche through Centrifuge. Related initiatives by institutions such as Paxos, Aave, and Janus Henderson have also further strengthened market expectations for Avalanche ecosystem compliance and RWA applications.