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Avalanche AVAX

$22.49

2 % (24h)

Marketcap

$9,358,247,952

Volume 24h

$379,389,761


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Description

Avalanche (AVAX) is a high-performance, scalable blockchain platform designed for decentralized applications (dApps) and custom blockchain networks.

Launched in 2020, Avalanche uses a novel consensus mechanism called Avalanche Consensus, which allows for high throughput, low latency, and near-instant finality.

AVAX, the platform's native token, is used for transaction fees, staking, and governance.

Avalanche aims to create a highly interoperable ecosystem where multiple blockchains can exist and communicate, making it a popular choice for developers and enterprises.