Market cap
$4.66B
0.89 %
Volume (24h)
$128.09M
0.89 %
Circulating supply
422,275,285 AVAX
Total supply
457,277,985 AVAX
Max. supply
720,000,000 AVAX
Avalanche (AVAX)
$ 10.63
0.89 %
Main info
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Key data
updated $0Market cap$4.66B
Volume 24h$128.09M
Circulating supply422.28M59% of max 720M
All-time high$144.96-93% from peak · 2021-11-21
Avalanche (AVAX) is a Layer-1 blockchain platform designed to run decentralized apps, custom blockchains, and financial services, with transactions that finalize in about a second. Its core idea is a novel consensus protocol that lets thousands of validators agree quickly without mining. AVAX is the native token that pays network fees, secures the system through staking, and ties everything built on top together.
Frequently asked questions
What is Avalanche and how is it different from other blockchains?
Avalanche is a smart-contract platform where developers can deploy apps or even launch their own custom blockchains (subnets) with tailored rules. Its main distinction is speed: transactions reach finality in roughly a second, versus minutes on Bitcoin and longer waits on congested Ethereum. The C-Chain is EVM-compatible, so most Ethereum apps and tools work on it with minimal changes.
How does the Avalanche consensus mechanism work?
Instead of every node processing every block in sequence, validators repeatedly poll small random samples of their peers, and the network quickly converges on the same answer — like a vote spreading through a crowd. This 'Snowman' family of protocols delivers near-instant finality while staying secure even if a large share of nodes misbehave. It's neither proof-of-work nor classic proof-of-stake; it's a third approach built on repeated subsampled voting.
How is AVAX emission and supply structured?
AVAX has a hard cap of 720 million coins — the protocol will never create more. New coins are minted as staking rewards within that limit, while every transaction fee is permanently burned, so heavy network usage actually shrinks circulating supply over time. In short: a fixed maximum supply combined with a built-in deflationary mechanism.
How can I store and use AVAX?
Common options include the Core wallet from Ava Labs, the Avalanche web wallet, MetaMask (for the EVM-compatible C-Chain), and hardware wallets like Ledger for long-term storage. AVAX is used to pay network fees, to stake or delegate for rewards, and to interact with DeFi apps built on the platform. One practical tip: the network has three chains (X, P, and C) with different purposes, so double-check which one you're using before sending funds.