$11.3072 -7.55%
Rank 45
Market Cap $869,942,113
24H Volume $93,704,535
Circulating Supply 76,937,055 AVAX
Total Supply 360,000,000 AVAX

AVAX Price Chart

1H -1.35%
24H -7.55%
7D -7.79%
1M +278.47%
All-Time High $19.4041
% from ATH -42%
ATH Date Sep 22, 2020

What is Avalanche?

AvalancheĀ is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.

It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.

Developers at Ava Labs claim that Avalanche is the first smart contracts network to offer transaction finalization in under one second as standard.

Avalanche launched its mainnet in September 2020. The platformā€™s native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users.

Avalanche Technical Details

Consensus Proof of Stake (PoS)

Avalanche Features

Speed

The Avalanche platform uses a novel consensus protocol created by distributed systems researchers in 2018, also called ā€œAvalancheā€, to permanently confirm transactions in 1-2 seconds.

Scalability

Avalanche handles thousands of transactions per second and can accommodate thousands of validators with no loss of performance.

Security

Avalanche provides stronger security guarantees than either classical or longest-chain consensus protocols.

Smart Contract Support

Avalanche supportsĀ creation and use of Solidity smart contractsĀ as well as all your favorite Ethereum tools like Remix, Metamask, Truffle and more.

Private/public Blockchains

Users can create their own public or private blockchains.

Finance-focused

Avalanche was built with serving financial markets in mind. It has native support for easily creating and trading digital smart assets with complex custom rulesets that define how the asset is handled and traded. The assets could represent financial instruments such as equities, bonds, debt, fractionalized real estate, or anything else.

Avalanche Team

Emin GĆ¼n Sirer
Emin GĆ¼n Sirer

Founder & CEO

Kevin Sekniqi
Kevin Sekniqi

Founder & COO

Maofan
Maofan "Ted" Yin

Founder & Chief Protocol Architect

John Wu
John Wu

President

Chris Lavery
Chris Lavery

Chief Finance Officer

AVAX Network & Signals

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