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Avalanche (AVAX) price rises 7.2% to $11.09 amid growing chain capital and Helicon upgrade benefits

Market News
12 Oct 2026
CryptoTicker
View Source
Bullish
Avalanche (AVAX) price rises 7.2% to $11.09 amid growing chain capital and Helicon upgrade benefits

Avalanche's AVAX token rose 7.2% to $11.09 on October 12, 2026, bucking broader crypto market declines. This rally is supported by a 36.3% increase in total value locked (TVL) on the Avalanche blockchain over 30 days and the recent Helicon upgrade, which shortened staking lock-up periods. Despite this, AVAX remains 92.4% below its all-time high from 2021, and chain capital is still modest compared to competitors like Solana. The price surge reflects growing institutional use but a slower expansion of the user base, suggesting the rally is driven more by expectations than widespread adoption so far.

As of Oct 12, 2026 19:42 WIB, AVAX trades at Rp194.584 on Pluang, showing a 4.19% gain in the last day. The token's market cap stands at Rp87.49 trillion with a 24-hour trading volume of Rp7.02 trillion. Buy orders dominate at 71%, indicating strong buying interest among Pluang users, while the typical hold time is 87 days.

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