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Avalanche
AVAX
$14.309
-2.90%
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Market data
Market cap.
$6.14B
Rank
#20
24H volume
$358.32M
Circulating supply
429.12M AVAX
93% of total
All-time high
$146.22
-921.86%
All-time low
$2.79
80.51%
Total Supply
460.79M AVAX
Max. supply
715.75M AVAX
About Avalanche
Avalanche Price Summaries
Avalanche's price today is $14.31, with a 24-hour trading volume of $358.32M. AVAX is -2.90% in the last 24 hours. It is currently -6.39% from its 7-day all-time high of $15.29, and 13.79% from its 7-day all-time low of $12.58.AVAX has a circulating supply of 429.12M AVAX and a max supply of 715.75M AVAX.Avalanche is an open, programmable smart contracts platform that launched its mainnet in September 2020. Its native token is AVAX, a hard-capped digital asset used for the platform’s payments, security, and connection functions. It gained recognition as a popular platform for DeFi (decentralised finance) applications such as Pangolin and TraderJoe.
Launched in September 2020 by Ava Labs, Avalanche aims to deliver a scalable blockchain solution that’s faster and cheaper than other layer-1 smart contract protocols. The three people behind Avalanche are Kevin Sekniqi, Maofan ‘Ted’ Yin, and Emin Gün Sirer.
At launch, 360 million AVAX were minted and sold through private and public sales, and the tokens hit the market with the initial price set at about US$5. During the first public sale of its digital currency token, Avalanche raised $42 million in less than 5 hours. In 2021, Avalanche grew close to 3,000%, breaking into the crypto top 10 and emerging as a credible opponent to Ethereum.
Avalanche’s fast blockchain platform boasts top speed ranks in terms of time-to-finality, with speeds of over 4,500 transactions per second, as well as low costs and environmental friendliness. It is compatible with the Solidity programming language used by Ethereum and is also capable of supporting the creation of custom private or public blockchains called subnets. It uses three blockchains, one for coordinating validators and making subnets, one for creating smart contracts, and one for exchanging assets.
As the native token of Avalanche, AVAX provides a basic unit of account between multiple subnets. It is also used for paying network fees and securing the blockchain through staking.
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