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Avalanche

Avalanche (AVAX)

• Proof of Stake
$10.01
-0.38% (24h)
Market Cap 4.23B
24h Volume $407.94M
Circulating 457.94M AVAX
All-Time High $145.67

About

Avalanche is a high-performance, open-source layer-1 blockchain platform designed to support decentralized applications, custom blockchain networks, and financial primitives at global scale. It focuses on delivering near-instant transaction finality, high throughput, and low fees, while maintaining decentralization and security. Avalanche aims to provide the infrastructure necessary for both public and private blockchain use cases, ranging from DeFi and NFTs to enterprise and institutional applications.

At the core of Avalanche’s design is its multi-chain architecture, which separates responsibilities across three integrated blockchains. The X-Chain (Exchange Chain) is optimized for creating and transferring assets, the C-Chain (Contract Chain) is fully compatible with the Ethereum Virtual Machine (EVM) and supports smart contracts, and the P-Chain (Platform Chain) coordinates validators and manages subnet creation. This architecture allows Avalanche to scale efficiently without overloading a single chain, a limitation seen in many monolithic blockchains.

A defining feature of Avalanche is its support for subnets (sub-networks) customizable blockchains that can have their own rules, virtual machines, fee structures, and permissioning models while sharing Avalanche’s validator set. Subnets enable developers, institutions, and governments to deploy application-specific blockchains tailored to regulatory or performance needs, making Avalanche particularly attractive for enterprise adoption and real-world asset tokenization.

The native token AVAX is used to pay transaction fees, secure the network through staking, participate in governance, and act as a unit of account within the ecosystem. Avalanche uses a novel consensus mechanism that combines classical and Nakamoto consensus principles, allowing the network to achieve sub-second finality while remaining resistant to attacks. Since launch, Avalanche has built a large ecosystem of DeFi protocols, NFT platforms, gaming projects, and institutional pilots, positioning itself as a leading smart-contract platform optimized for speed, flexibility, and scalability.