The Avada Website Builder was released on 7.3.1 (Released on April 14th, 2021) – If you need to update your theme, please make sure that you check and follow the detailed update instructions as provided.
Important! For the sake of accuracy and efficiency, if you have active theme support please do not double post in the forum. It can lead to miscommunication and confusion for all involved.
Regarding Avada and WordPress 5.6 compatibility, please read this post.