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Avalanche AVAX |
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$19.23 |
-0.99% (24h) |
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Marketcap |
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$7,976,522,357 |
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Volume 24h |
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$297,460,907 |
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.