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Avalanche Price

(AVAX)

$6.499
0.00%(5m)

1m5m15m1h8h1d1W
Avalanche (AVAX) Live Price Chart

    Avalanche Live Price Data

    Avalanche is currently trading at 6.499, with a 24-hour trading volume of --. Over the past 24 hours, the price of Avalanche changed by -0.55%, and over the past week, its value in rose by +1.45%. The circulating supply of Avalanche is 431,771,961 AVAX, with a market cap of 0 , down -0.55% in the last 24 hours. Avalanche is ranked #29 by market cap.

    How do you feel about AVAX today?

    Note: This data is for reference only.
    pk

    AVAX(AVAX) Profile

    altRank29
    rateA
    Expand
    $6.49
    $6.636

    ATH
    $146.21786401
    Price Change (1h)
    -1.05%
    Price Change (24h)
    -0.55%
    Price Change (7d)
    +1.45%
    Market Cap
    24h Volume
    Circulating Supply
    431,771,961
    Max Supply
    715,748,719

    About Avalanche

    • What is Avalanche (AVAX) Crypto?

      Avalanche is more than just a blockchain; it's an advanced open-source ecosystem designed for smart contracts and decentralized applications (dApps). At its core, AVAX, the native cryptocurrency, powers this innovative platform. Currently, Avalanche stands as a formidable player in the crypto market, with its AVAX price chart showing promising trends.

      Avalanche boasts the fastest transaction finality rate in the market, setting a new standard for throughput with its subnets. This eco-friendly blockchain consumes minimal power, making it an attractive choice for environmentally conscious users. The low power consumption doesn't compromise efficiency, ensuring smooth and rapid transaction processing.

      For developers, Avalanche is a haven. Its compatibility with Ethereum Virtual Machine (EVM) allows for the seamless launch of Solidity-based Ethereum dApps. These applications benefit from Ethereum's robust features while enjoying enhanced scalability and efficiency on the Avalanche network. This unique feature has contributed to the growing popularity of AVAX wallets and the broader Avalanche blockchain.

    • How Does Avalanche Blockchain Work?

      Avalanche, a decentralized payment network and smart contract platform, has been making waves in the blockchain world since its mainnet launch on September 21, 2020. The Avalanche blockchain has become a go-to platform for decentralized finance (DeFi) applications because of its unique structure and high performance.

      Avalanche stands out in the blockchain space with its three distinct blockchains:

      1. Exchange Chain (X-Chain)

      The Avalanche X-Chain is pivotal for the creation and trading of digital assets, including the AVAX crypto. It's where transactions occur, and users can create new digital assets, contributing to the vibrant Avalanche ecosystem.

      2. Platform Chain (P-Chain)

      As the coordinator, the Avalanche P-Chain is essential for managing validators and subnets. It plays a crucial role in monitoring active subnets, creating new ones, adding validators, and establishing new blockchains.

      3. Contract Chain (C-Chain)

      The Avalanche C-Chain is where the magic of smart contracts happens. It's an EVM-compatible chain that allows developers to create and deploy smart contracts, leveraging the power and flexibility of the Avalanche network.

      Avalanche's consensus protocol is a game-changer, utilizing repeated sub-sampled voting to achieve scalability, robustness, and decentralization. This protocol ensures high throughput, low latency, and minimal energy consumption, all while providing security against 51% attacks. Both the P-Chain and the C-Chain use the Snowman consensus protocol, a variant of the Avalanche consensus algorithm.

    • History of Avalanche Network and AVAX Coin

      Avalanche was developed by Ava Labs, a company focused on creating and deploying blockchain solutions. The platform was designed to address some of the limitations of earlier blockchain systems, such as scalability, transaction speed, and flexibility.

      Avalanche Founders

      1. Emin Gün Sirer: A well-known figure in the cryptocurrency space, Sirer is a professor at Cornell University and has been involved in blockchain research for many years. He is known for his work on peer-to-peer systems and cryptocurrencies.

      2. Kevin Sekniqi: Sekniqi is the Chief Operating Officer at Ava Labs. He has a background in computer science and has focused on decentralized systems and blockchain technology.

      3. Maofan "Ted" Yin: Yin, a Ph.D. candidate at Cornell University, has contributed significantly to the research and development of the Avalanche protocol.

      Avalanche was officially launched on September 21, 2020. This launch marked the public availability of the platform and its native token, AVAX.

    • How to Use AVAX Token

      AVAX is the native token of the Avalanche ecosystem and has the following use cases:

      Pay Transaction Fees on Avalanche

      AVAX is used to pay for transaction fees on the Avalanche network. This includes fees for simple transfers, smart contract executions, and other operations on the blockchain.

      Stake AVAX on Avalanche

      AVAX tokens are used for staking, which is a process where users lock up their tokens to participate in the network's consensus mechanism. Stakers are rewarded for participating, which helps secure the network and process transactions. Staking is crucial to Avalanche's proof-of-stake (PoS) consensus model.

      Participate in Avalanche Network’s Governance

      AVAX holders can participate in the governance of the Avalanche network. This includes voting on various proposals related to network upgrades, parameter changes, and other decisions that affect the direction and functionality of the platform.

      Utility Token on Avalanche

      AVAX is used within the Avalanche ecosystem for various utilities, such as creating subnets (custom blockchains within the Avalanche network), deploying smart contracts, and issuing new digital assets or tokens.

      Trade Avalanche Crypto on KuCoin

      Trade Avalanche coin on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell AVAX, or hold it long-term if you believe in the future potential of the Avalanche protocol. Ensure you make any trading decisions in the crypto market only after you do your own research (DYOR).

    FAQ

    • How much is 1 Avalanche (AVAX) worth?

    • Is Avalanche (AVAX) a Good Investment?

    • What Is Avalanche Coin Price Prediction?

    • How to Stake AVAX on Avalanche

    • What Is the Avalanche Bridge?

    • Is Avalanche Better Than Ethereum?

    • How to Convert ETH to AVAX on MetaMask

    • What is the all-time high price of Avalanche (AVAX)?

    • What is the all-time low price of Avalanche (AVAX)?

    • How much Avalanche (AVAX) is there in circulation?

    • How do I store Avalanche (AVAX)?