AVAX traded at $7.85 at 5 p.m. ET on November 8, compared with $10.85 at 6 p.m. ET on October 11. Over the same measurement period, Bitcoin declined 11.3%, while Ether dropped 16%.
The reversal followed a strong four-week performance reported on October 11. At that time, AVAX had gained 49.7%, outperforming Bitcoin's 9% increase and Ether's 2.3% advance over the preceding 28 days.
AVAX Also Trails Bitcoin and Ether Over Seven Days
The weakness extended beyond the monthly comparison. During the final seven days of the measurement period, AVAX declined 9.4%. Bitcoin lost 4.9%, while Ether recorded a 6.2% decrease.
These comparisons measure dollar-denominated price returns and exclude staking rewards.
Broader market weakness was also evident in a snapshot taken by The Defiant at approximately 4:55 p.m. ET on November 8. All 40 eligible non-stablecoin assets included in its selected watchlist had declined over their respective matched 24-hour periods. The watchlist represents a selected group of assets rather than the entire cryptocurrency market.
Avalanche Helicon Upgrade Changes Staking Commitments
Alongside the token's price decline, Avalanche is continuing to phase in changes to its staking reward structure following the Helicon upgrade, activated on September 22.
The upgrade reduced the minimum validator commitment period from two weeks to 48 hours while keeping the minimum stake requirement at 2,000 AVAX.
According to Avalanche, shorter commitments come with reduced rewards that are being phased in over 90 days. The reward rate for a full-year commitment remains unchanged. Once a staking commitment begins, its applicable rate is fixed for the entire commitment period.
Aave Labs Advances USAT Stablecoin Proposal on Avalanche
Institutional lending infrastructure also featured in Avalanche's ecosystem developments during the 28-day price measurement period. On October 19, Aave Labs submitted a proposal to add the USAT dollar stablecoin to Aave's V4 Core Instance on Avalanche.
The proposal concerns a stablecoin listing and is separate from the dedicated tokenized-asset hub that Aave Labs' deployment plan reserved for a later phase.
The published proposal calls for incorporating the final configuration from risk providers before an Aave DAO vote. Onchain enforcement would follow the governance process outlined in the proposal.
source: thedefiant
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
