Avalanche Ecosystem Booms as AVAX Price Skyrockets

The price of AVAX rose nearly 7% over the past 24 hours after briefly touching $6.92 on Tuesday before pulling back to $6.79.

This increase comes as several developments add activity across the Avalanche ecosystem.

Securitize has distributed $976 million in asset value on Avalanche, a 123% increase over the past 30 days.

The upgrade of the C-Chain, which went live on the Fuji Testnet on July 28, introduces decoupled, continuous transaction execution and Auto-Renewed Staking, among other changes.