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About AVAX

Avalanche (AVAX) is a cryptocurrency launched in 2020. AVAX has a current supply of 442.74M with 393.39M in circulation. The last known price of AVAX is 27.33 USD and is 1.36 over the last 24 hours. It is currently trading on active market(s) with $277.42M traded over the last 24 hours. More information can be found at https://avax.network/.

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AVAX Price Statistics
AVAX’s Price Today
24h Price Change
+$1.365.22%
24h Volume
$277.42M38.29%
24h Low / 24h High
$14.24 / $14.82
Volume / Market Cap
0.025799754045
Market Dominance
0.45%
Market Rank
#15
AVAX Market Cap
Market Cap
$10.75Bn
Fully Diluted Market Cap
$19.56Bn
AVAX Price History
7d Low / 7d High
$12.91 / $15.29
All-Time High
$146.22Nov 21, 2021
All-Time Low
$2.79Dec 31, 2020
AVAX Supply
Circulating Supply
393.39M
Total Supply
442.74M
Max Supply
715.75M
Updated Jun 19, 2024 9:02 pm
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AVAX
Avalanche
$27.33
$1.36(+5.22%)
Mkt Cap $10.75Bn
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Frequently Asked Questions

  • What Is Avalanche (AVAX)?

    Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

    This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

    After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.

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  • Who Are the Founders of Avalanche?

    Avalanche was launched by Ava Labs, founded by Cornell University professor Emin Gün Sirer, and Cornell University computer science PhD’s Kevin Sekniqi and Maofan “Ted” Yin. Gün Sirer is a veteran in cryptographic research, having designed a conceptual peer-to-peer virtual currency six years before the release of the Bitcoin whitepaper. He was also involved in work on Bitcoin scaling solutions and research on Ethereum before the infamous The DAO hack in 2016.

    From that research arose the whitepaper that led to the foundation of Ava Labs in 2018. The project closed a seed round in February 2019 that included investors such as Polychain, Andreessen Horowitz and Balaji Srinivasan. Avalanche closed its initial coin offering in 2020 in under 24 hours, raising $42 million in the process.

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  • What Makes Avalanche Unique?

    Avalanche attempts to solve the blockchain trilemma, which posits that blockchains cannot achieve a sufficient degree of decentralization at scale. A consequence of this are high gas fees, as is often the case on Ethereum.

    To solve this problem, Avalanche designed three interoperable blockchains.

    • The Exchange Chain (X-Chain) is employed to create and exchange the native AVAX tokens and other assets. Similar to the ERC-20 standard on Ethereum, these tokens follow a set of standardized rules. It uses the Avalanche consensus mechanism.
    • The Contract Chain (C-Chain) hosts smart contracts and decentralized applications. It has its own Avalanche Virtual Machine, similar to the Ethereum Virtual Machine, allowing developers to fork EVM-compatible DApps. It uses the Snowman consensus mechanism.
    • The Platform Chain (P-Chain) coordinates network validators, tracks active subnets and enables the creation of new subnets. Subnets are sets of validators, sort of like a validator cartel. Each subnet can be validating several blockchains, but a blockchain can only be validated by one subnet. It also uses the Snowman consensus mechanism.

    This division of computing tasks enables higher throughput without compromising on decentralization. For instance, private blockchains on the network could require its subnet’s validators to be sufficiently geographically decentralized or comply with certain regulations. Following this modular structure, Avalanche improves its interoperability with other blockchains wishing to integrate with the Avalanche ecosystem. Furthermore, the two different consensus mechanisms are designed with each blockchain’s requirements in mind, further improving their efficiency.

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  • How Many Avalanche (AVAX) Coins Are There in Circulation?

    The total supply of AVAX is 720 million. Its token distribution is as follows:

    • 2.5% - seed sale, with 10% released on mainnet launch and the rest being released every three months.
    • 3.5% - private sale, with 10% released on mainnet launch and the rest being released every three months.
    • 10% - public sale, with 10% released on mainnet launch and 15% released every three months over a period of 18 months.
    • 9.26% - allocated to the foundation, released over ten years.
    • 7% - community endowment, released over twelve months.
    • 0.27% - testnet incentive program, released over one year.
    • 5% - strategic partners, released over four years.
    • 2.5% - airdrops, released over four years.
    • 10% - team, released over four years.
    • 50% staking rewards

    Staking AVAX currently provides an annual reward of 11.57%, with the minimum time for staking being two weeks with a minimum of 2,000 AVAX.

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  • How Is the Avalanche Network Secured?

    AVAX is traded on the Exchange Chain, which follows its own Avalanche consensus mechanism. Unlike proof-of-work or proof-of-stake, the Avalanche consensus mechanism does not have one leader processing transactions that get validated by others. Instead, all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol. That way, transactions are processed simultaneously, and validators' random polling ensures that transactions are correct with statistical certainty. There are no blocks in this consensus mechanism, allowing immediate finalization and significantly improving the blockchain’s speed.

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  • Where Can You Avalanche (AVAX)?

    AVAX is available on Binance, Bitfinex, Gate.io and Kucoin.

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  • What is the all-time high price of Avalanche (AVAX)?

    The all-time high of AVAX was 146.22 USD on 2021-11-21, from which the coin is now down 81.30898645876077%. The all-time high price of Avalanche (AVAX) is 146.22. The current price of AVAX is down 81.30898645876077% from its all-time high.

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  • How much Avalanche (AVAX) is there in circulation?

    As of , there is currently 393.39M AVAX in circulation. AVAX has a maximum supply of 715.75M.

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  • What is the market cap of Avalanche (AVAX)?

    The current market cap of AVAX is 10.75Bn. It is calculated by multiplying the current supply of AVAX by its real-time market price of 27.33.

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  • What is the all-time low price of Avalanche (AVAX)?

    The all-time low of AVAX was 2.79 , from which the coin is now up 879.5698924731182%. The all-time low price of Avalanche (AVAX) is 2.79. The current price of AVAX is up 879.5698924731182% from its all-time low.

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  • Is Avalanche (AVAX) a good investment?

    Avalanche (AVAX) has a market capitalization of $10.75Bn and is ranked #15 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Avalanche (AVAX) price trends and patterns to find the best time to purchase AVAX.

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