Avalanche staking value has reached approximately $204.77 million, with staked AVAX representing roughly 43% of circulating supply. The Helicon upgrade activated on the Fuji testnet on July 30, 2026, marking a testing phase before potential broader deployment. Derivatives positioning remains active with elevated open interest and strong long-to-short data. The $204 million figure refers to the total USD value of staked AVAX, not one whale buying $204 million worth of tokens. Network staking and upgrade data should be read separately from trader positioning signals on derivatives markets.
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