What is Avalanche?
Avalanche is a general-purpose blockchain platform founded by Cornell University professor Emin Gün Sirer. Developers can deploy decentralized applications such as decentralized finance, gaming, and NFTs via smart contracts. Validators secure the network through a proof-of-stake consensus protocol, which allows for fast and low-cost transaction processing.
How Does Avalanche Work?
There are three different blockchains that form the Avalanche network.
- The Exchange Chain (X-Chain) is the primary blockchain for asset creation and exchange, including AVAX.
- The Contract Chain (C-Chain) supports the creation and execution of smart contracts with its Avalanche Virtual Machine, which is based on the Ethereum Virtual Machine (EVM)
- The Platform Chain (P-Chain) manages the network of validators.
What is AVAX Token?
AVAX token is Avalanche’s native currency. It is used to pay transaction fees, and users can participate in securing the network by staking AVAX tokens.
Where can you buy Avalanche?
AVAX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Avalanche is Crypto.com Exchange, where the most active trading pair AVAX/USD has a trading volume of $4,196,800.32 in the last 24 hours. Other popular options include DigiFinex and Gate.io.
What is the daily trading volume of Avalanche (AVAX)?
The trading volume of Avalanche (AVAX) is $413,799,739.59 in the last 24 hours, representing a -34.00% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Avalanche (AVAX)?
The highest price paid for Avalanche (AVAX) is BTC0.002586, which was recorded on Nov 21, 2021 (over 2 years). Comparatively, the current price is -76.10% lower than the all-time high price.
What is the all-time low for Avalanche (AVAX)?
The lowest price paid for Avalanche (AVAX) is BTC0.00009735, which was recorded on Dec 31, 2020 (over 3 years). Comparatively, the current price is 1,136.30% higher than the all-time low price.
What is the market cap of Avalanche (AVAX)?
Market capitalization of Avalanche (AVAX) is BTC211,775.4824 and is ranked #13 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AVAX tokens (380 Million tokens are tradable on the market today).
What is the fully diluted valuation of Avalanche (AVAX)?
The fully diluted valuation (FDV) of Avalanche (AVAX) is BTC244,431.5364. This is a statistical representation of the maximum market cap, assuming the maximum number of 720 Million AVAX tokens are in circulation today. Depending on how the emission schedule of AVAX tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Avalanche compare against its peers?
With a price increase of 8.10% in the last 7 days, Avalanche (AVAX) is outperforming the global cryptocurrency market which is up 5.10%, while outperforming when compared to similar Layer 1 (L1) cryptocurrencies which are up 2.30%.
Read More: Avalanche Price: AVAX Live Price Chart, Market Cap & News Today | CoinGecko
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