Light Mode
Avalanche
AVAX
323,316 VNDC
4.27%
1D
7D
1M
3M
1Y
YTD
ALL
Statistics
24h Trading Volume
$ 14,884,010.08
10-day Average Volume
$ 18,296,207.21
Market Cap
$ 4.07b
Highest (1 year)
3,755,765 VNDC
Lowest (1 year)
220,913 VNDC
Circulating Supply
310.23m
Total Supply
415.63m
Changes
1 Day
4.27%
7 Days
3.12%
1 Month
30.02%
3 Months
33.85%
This Year
85.87%
About Avalanche (AVAX)

Avalanche is an open-source platform for developing decentralized finance (DeFi) apps, financial products, and transactions, as well as other services. Avalanche was created to become a global exchange that allows anyone to launch a DApp, support the trade of any type of property and control it in a decentralized way by using smart contracts and other advanced technologies. The developers claimed that Avalanche would be the first smart contract to complete a transaction in less than a second.

Avalanche was founded and developed by a group of computer science experts and PhDs from prominent US universities. It features CEO Emin Gün Sirer, who successfully developed and implemented the first cryptocurrency that used Proof-of-Work (PoW) to mint coins, and COO Kevin Sekniqui, a doctorate candidate with extensive software experience at companies like Microsoft and NASA JPL.

AVAX is the original token of the Avalanche platform, which serves as a payment and reward system for users and implements various tasks within Avalanche’s protocols. It serves the following purposes:

  • Payment: All operations carried out on Avalanche sub-networks must be compensated in AVAX.
  • Staking: Participants who stake from 2000 AVAX onwards can become Avalanche validators or block creators.