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Avalanche Price (AVAX)

Rank #32 by market cap
€6.67
24H Change -5.26%
7D Change -14.27%
Market Cap $2.88B
24H Volume $283.97M
24H High €7.19
24H Low €6.58

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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

Frequently asked questions about Avalanche