Avalanche

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What is Avalanche?

Avalanche (AVAX) is a crypto asset and open-source blockchain network launched in 2020 by Ava Labs. As a platform it supports decentralized apps (dApps) and enables the creation of custom blockchains, inter-operable blockchains and financial services. AVAX is Avalanche’s native asset and functions as a standard unit of value between Avalanche and its sub-platforms. Its supply is capped at 720 million coins, and is used both to pay network transaction fees and to allow users to participate in Avalanche’s Proof-of-Stake (PoS) consensus algorithm.
Disclaimer: Prices displayed are for informational purposes only. Actual price quotes may differ.

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Avalanche News

The Block 5h
Crypto asset manager Bitwise files S-1 for Avalanche ETF

Crypto asset manager Bitwise is looking to launch an exchange-traded fund tracking AVAX, the native token for the Avalanche Layer 1 blockchain. The product, if...

Benzinga 22h
Dogecoin Pumped 20% And Bonk Hit 13%, But This Sam Altman-Linked Coin Crushed Them Both Last Week: Here's Why

The cryptocurrency market saw healthy expansion last week, powered by the AI-based World Token and meme heavyweights such as Dogecoin and Bonk. AI-Based Token...

Dogecoin Pumped 20% And Bonk Hit 13%, But This Sam Altman-Linked Coin Crushed Them Both Last Week: Here's Why
The Block 4d
The Daily: Dormant bitcoin whale wakes up after $5K to $50M move, Avalanche Foundation eyes $1B raise for AVAX treasury firms, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Thursday! U.S. CPI data came in as expect...

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