The live Avalanche (AVAX) price is 19.71, with a 24 hours Blynex trading volume of 264.43 M. The price of Avalanche changed by 5.29% in the past 24 hours. With a circulating supply of 414.88 M AVAX and a maximum supply of 451.55 M AVAX coins. Avalanche currently ranks #15 in market cap. You have the option to purchase Avalanche (AVAX) on the Blynex exchange.
Date of Issue: 28.10.2020
Avalanche (AVAX) is a layer-one blockchain platform designed for decentralized applications (DApps)....
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24H Value
264.43 M
Market Cap(USD)
8.18 B
Circulating
414.88 M
Total Supply
451.55 M
(AVAX) Avalanche Live Price Data
About Avalanche (AVAX)
Avalanche (AVAX) is a layer-one blockchain platform designed for decentralized applications (DApps). Buying AVAX on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Avalanche (AVAX).
What is Avalanche (AVAX)?
Avalanche (AVAX) is a layer-one blockchain platform designed for decentralized applications (DApps) and custom blockchain networks. It is seen as a competitor to Ethereum, aiming to become the leading blockchain for smart contracts by providing higher throughput and lower fees. With the ability to process up to 6,500 transactions per second, Avalanche focuses on scalability without sacrificing speed or decentralization.
Avalanche's Unique Architecture
Avalanche’s innovative structure sets it apart from traditional blockchains like Bitcoin and Ethereum. The network is composed of three distinct blockchains: the X-Chain (for asset creation and exchange), the C-Chain (for smart contracts), and the P-Chain (for coordinating validators). Each of these blockchains operates with its own consensus mechanism, which optimizes the system’s efficiency based on the specific needs of each chain.
Avalanche's Ecosystem and Use Cases
Since its mainnet launch in 2020, Avalanche has built a thriving ecosystem focused on decentralized finance (DeFi) and decentralized applications. Projects like SushiSwap and TrueUSD have integrated with the platform, offering cross-chain compatibility and expanding the platform's DeFi landscape. Avalanche's interoperability also allows for easy bridging with Ethereum-based projects, opening doors for greater cross-network collaboration and growth.
Avalanche’s Consensus Mechanism
The Avalanche network employs a unique consensus model called Avalanche Consensus, which allows for faster transaction finality compared to traditional blockchains. This consensus mechanism reduces the time to confirm transactions, ensuring that users can send and receive assets with minimal delay. Unlike Ethereum and Bitcoin, where every node validates each transaction, Avalanche’s consensus is more efficient, ensuring both scalability and security.
The Future of Avalanche
Avalanche is positioning itself as a major player in the blockchain and DeFi space, with its ability to support high transaction volumes and low-latency applications. As the ecosystem grows, AVAX, the native token, will continue to play a vital role in staking, transaction fees, and network security. Avalanche's focus on speed, scalability, and interoperability ensures that it is well-positioned to compete with Ethereum and other blockchain platforms as they scale to meet the needs of a decentralized future.AVAX to local currency
- AVAX to USD18.771
- AVAX to EUR17.347
- AVAX to AUD30.071
- AVAX to KRW27,630.642
- AVAX to JPY2,812.434
- AVAX to GBP14.526
- AVAX to INR1,604.532
- AVAX to CAD27.014
- AVAX to AED68.935
- AVAX to RUB1,572.288
AVAX to crypto currency
- AVAX to BTC0.0002270687
- AVAX to ETH0.0102831170
- AVAX to USDT18.777
- AVAX to BNB0.031
- AVAX to SOL0.151
- AVAX to XRP9.005
- AVAX to ADA26.969
- AVAX to TRX79.329
- AVAX to LTC0.226
- AVAX to TON4.554
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