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.

Key Statistics

52 Week high$36.03
24h volume$242.06M
52 Week low$5.70
Market cap$3.50B
Circulating supply431,771,961 AVAX
Disclaimer: Prices displayed are for informational purposes only. Actual price quotes may differ.

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Avalanche News

The Block 12h
South Korea’s Hanwha develops tokenized securities platform on Avalanche as local regulation takes shape: report

Hanwha Investment & Securities, a major brokerage in South Korea, has reportedly developed a tokenized securities platform on Avalanche (AVAX). According to a...

The Block 6d
Ethena launches Ethena Pay app on Avalanche, offering up to 6% yield and 10% cashback

Ethena Labs, the team behind the "synthetic dollar" USDe, is expanding into the payments business with the beta launch of a new app called Ethena Pay. The self...

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