AVAX Specifications

Type

COIN

Algorithm

Protocol

POS

Start Date

15/07/2020

Max Supply

720,000,000

Circ. Supply

411,444,566

Website

Explorer

Social Media

Info

Avalanche (AVAX) is a high-performance blockchain platform designed for scalability and low-latency decentralized applications. AVAX serves as the native token of the Avalanche network, enabling fast transactions, staking and token swaps. Its efficient infrastructure has made it a popular choice for DeFi protocols and blockchain developers.

Market Impact

Avalanche has revolutionized the blockchain space by providing a highly scalable platform for decentralized finance and other Web3 projects. Its support for low-cost token swaps has made it a go-to network for developers seeking efficiency. AVAX's growing adoption in exchanges and its use in NFT platforms have further expanded its influence, driving its reputation as a robust and versatile blockchain asset.

History

AVAX was introduced in 2020 by Ava Labs to address limitations in blockchain scalability and interoperability. The Avalanche network uses a unique consensus mechanism that allows for fast finality and high throughput. Over time, AVAX has been integrated into decentralized exchanges and has facilitated seamless transactions, enhancing its adoption across the crypto ecosystem.

Features

High Scalability
Avalanche's innovative consensus mechanism supports thousands of transactions per second, enabling real-time token swaps and decentralized applications.
Eco-Friendly Infrastructure
Avalanche uses an energy-efficient architecture, offering a sustainable blockchain solution for exchanges and other financial activities.
Interoperability Support
Avalanche enables seamless integration with other blockchains, allowing users to exchange assets and build cross-chain applications.

Website

Explorer

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.