Avalanche (AVAX) rallies 50% amid institutional tokenization growth

Avalanche's AVAX token reached an eight-month high of $10.82, driven by institutional interest in tokenization. Key developments include Intercontinental Exchange (ICE) testing the network for tokenized stock trading, New York Life Investment Management launching a tokenized fund via Centrifuge, and increased involvement from Aave, Paxos, and Janus Henderson. Additionally, the upcoming Helicon upgrade on September 22 will reduce the minimum staking period to 48 hours.