Avalanche Staking Surpasses $200 Million as Helicon Upgrade Activates on Testnet

The total value of staked AVAX has reached $204.77 million, representing approximately 43% of the circulating supply.

This significant milestone is a testament to the growing network participation and commitment to securing the Avalanche ecosystem.

The Helicon upgrade, activated on Fuji testnet on July 30, is another important development in the network's infrastructure improvements.

While this upgrade may not be deployed on mainnet immediately, it marks an essential step towards broader activation and demonstrates the network's continued focus on performance and user experience.