Avalanche Price (AVAX)
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About Avalanche
A high-speed smart-contract platform with sub-second finality and customizable subnets.
Avalanche is a layer-1 blockchain launched in 2020 by Emin Gün Sirer and a team from Cornell University. Its key innovation is the Avalanche consensus protocol, which achieves sub-second transaction finality at high throughput. The platform consists of three built-in chains (X, P, and C) plus a network of user-created subnets — independent custom chains that share Avalanche's security model.
Avalanche hosts a growing DeFi ecosystem, gaming projects (DeFi Kingdoms, Crabada), and institutional pilots through Avalanche Subnets. The C-Chain is EVM-compatible, so most Ethereum tools work directly. AVAX is used for staking, paying transaction fees, and creating subnets.
Key facts
| Category | Smart Contract Platform |
| Launched | 2020 |
| Consensus | Avalanche Consensus (proof-of-stake variant) |
| Supply | Capped at 720 million AVAX. New tokens issued via staking rewards. |
| Founder | Emin Gün Sirer, Kevin Sekniqi, Maofan "Ted" Yin (Ava Labs) |
| Official site | https://www.avax.network |