Avalanche AVAX
1. Summary
- Price
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$41.19 +14.0%
- Market Cap
- $16.89B (#10)
- Supply
- 409.80M / 448.14M
- Description
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Avalanche is this advanced blockchain platform developed with the promise of extreme scaling capabilities alongside fast confirmation times.
Avalanche is this advanced blockchain platform developed with the promise of extreme scaling capabilities alongside fast confirmation times.
It is developed by Ava Labs, which allows anyone to easily produce their own multi-functional blockchain as well as decentralized applications or dApps. It is designed as a result of the limitations found in Bitcoin as well as other, older blockchain platforms, where you can find slow transaction speed, a high level of centralization, and a lack of scalability. Avalanche has its own, unique consensus protocol, that promises low latency, a high throughput, and a high level of resistance from attacks.
Its mainnet was launched in September of 2020, two months after it raised $42 million in a token sale that sold out quickly.
The AVAX Token Explained
The Avalanche platform is centered around its native utility token known as AVAX. This token is used for paying the network fees, staking, as well as providing a basic unit of account between each of the Avalanche subnets.
Features of Avalanche
Avalanche is built around a system of three interoperable blockchains, and these are:
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The Exchange Chain (X-Chain) – used for the creation of new digital assets
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The Contract Chain (C-Chain) – the Avalanche Ethereum Virtual Machine (EVM) implementation
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The Platform Chain (P-Chain) – used for coordinating validators and creating subnets, where subnets are a set of validators that are tasked with achieving consensus on one or more Avalanche blockchains.
The C-Chain and the P-Chain are secured through the Snowman consensus, which enables high throughput secure smart contracts, and the X-Chain is secured by the DAG-optimized Avalanche consensus, which is a secure and scalable protocol that can achieve transactional finality within seconds.
Through the process of splitting this architecture across three separate blockchains, Avalanche has the ability to optimize for flexibility, speed, and security without any trade-offs, which makes it a powerful platform for both public as well as enterprise use cases, since the developers have a high level of flexibility in the types of applications they can develop.
As such, Avalanche allows both individuals as well as firms to easily deploy their own purpose-built blockchains, for both private as well as public use-cases. It uses a combination of multiple custom-built blockchains, alongside a powerful proof-of-stake (PoS) consensus mechanism to achieve a decentralized as well as powerful platform for developers to build on.
Given the fact that it is fully compatible with the Ethereum toolkit, if you are a developer, you can port your Ethereum dApp to Avalanche and launch an array of decentralized applications (dApps) on the platform as well.
Founders of Avalanche (AVAX)
Discussing the founders of Ava Labs, there are actually three of them.
First, we have Emin Gün Sirer, who is a computer scientist who has been associated with Bitcoin as well as decentralized networks. He has been concerned with the scaling opportunities regarding Bitcoin, and the Avalanche Consensus is a consequence of his research, which allows transaction volumes that are significantly higher than Bitcoin.
Another co-founder is Kevin Sekinqi, and the third is Maofan Yin, who is associated with Cornell University.
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| Price | |
| 52W High price | $60.39 |
| 52W High date | 19th Mar 2024 (9 months ago) |
| All Time High (ATH) Date | 21st Nov 2021 (3 years ago) |
| ATH Price | $144.96 |
| % From ATH | -71.64% |
| All Time Low (ATL) Date | 31st Dec 2020 (3 years ago) |
| ATL Price | $2.80 |
| % From ATL | 1367.88% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $1.09B |
| Total Supply | 448.14M |
| Max Supply | 720.00M |
| Circulating Supply | 409.80M |
AVAX
How does Avalanche's (AVAX) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
20.3%
AVAX
36.7%
Similar Market Cap
60 Day Return
49.5%
AVAX
69.2%
Similar Market Cap
1 Year Return
-10.5%
AVAX
65.6%
Similar Market Cap
We're monitoring 121 Avalanche GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Avalanche Repos)
Commits vs. The Market
- Past 4 weeks: 94 commits vs. an average of 1
- Past 12 weeks: 338 commits vs. an average of 7
- Past year: 1,022 commits vs. an average of 104
Most Active Repos
| Past week | 161 |
|---|---|
| Past 12 weeks | 1004 |
| Past year | 3240 |
| Past week | 102 |
|---|---|
| Past 12 weeks | 354 |
| Past year | 1957 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 38 |
| Past year | 1121 |
| Past week | 139 |
|---|---|
| Past 12 weeks | 321 |
| Past year | 928 |
| Past week | 98 |
|---|---|
| Past 12 weeks | 250 |
| Past year | 672 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 105 |
| Past year | 530 |
Top Developers 2024
In total, 861 developers have contributed to Avalanche over the past year. Who are the most active Avalanche developers, by commits, over the past year?
Related Projects
Developers working on Avalanche also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 44,040 |
|---|---|
| Active Reddit Users (past 24h) | 46 |
| Discord users | 70,406 |
| Active Discord Users | 4,513 |
| Telegram Users | 35,920 |
| Twitter followers | 1M |
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coindesk.com/tech/2024/12/18/the-protocol-solanas-allure-for-devs-avalanches-big-upgrade
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coindesk.com/tech/2024/12/18/the-protocol-solanas-allure-for-devs-avalanches-big-upgrade
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coindesk.com/tech/2024/12/16/avalanche-blockchain-s-largest-ever-upgrade-avalanche9000-is-...
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coindesk.com/tech/2024/12/16/avalanche-blockchain-s-largest-ever-upgrade-avalanche9000-is-...
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coindesk.com/tech/2024/12/16/avalanche-blockchain-s-largest-ever-upgrade-avalanche9000-is-...
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coindesk.com/tech/2024/12/16/avalanche-blockchain-s-largest-ever-upgrade-avalanche9000-is-...
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u.today/avalanche-unveils-timeline-for-major-upgrade-to-go-live
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u.today/avalanche-unveils-timeline-for-major-upgrade-to-go-live
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u.today/avalanche-unveils-timeline-for-major-upgrade-to-go-live
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u.today/avalanche-unveils-timeline-for-major-upgrade-to-go-live
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u.today/avalanche-unveils-timeline-for-major-upgrade-to-go-live
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cryptoslate.com/avax-rises-10-after-avalanche-foundation-raises-250m-in-preparation-for-bl...
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cryptoslate.com/avax-rises-10-after-avalanche-foundation-raises-250m-in-preparation-for-bl...
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cryptoslate.com/avax-rises-10-after-avalanche-foundation-raises-250m-in-preparation-for-bl...
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cryptoslate.com/avax-rises-10-after-avalanche-foundation-raises-250m-in-preparation-for-bl...
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cryptoslate.com/avax-rises-10-after-avalanche-foundation-raises-250m-in-preparation-for-bl...
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coindesk.com/business/2024/12/12/avalanche-raises-250-m-amid-major-overhaul-of-layer-1-blo...
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coindesk.com/business/2024/12/12/avalanche-raises-250-m-amid-major-overhaul-of-layer-1-blo...
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coindesk.com/business/2024/12/12/avalanche-raises-250-m-amid-major-overhaul-of-layer-1-blo...
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coindesk.com/business/2024/12/12/avalanche-raises-250-m-amid-major-overhaul-of-layer-1-blo...
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coindesk.com/business/2024/12/12/avalanche-raises-250-m-amid-major-overhaul-of-layer-1-blo...
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decrypt.co/296238/avalanche-raises-250-million-network-upgrade
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decrypt.co/296238/avalanche-raises-250-million-network-upgrade
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decrypt.co/296238/avalanche-raises-250-million-network-upgrade
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.avalabs.org/ |
|---|---|
| Explorer | https://avascan.info/ |
| @avalancheavax | |
| /r/Avax | |
| Whitepaper | https://files.avalabs.org/papers/platform.pdf |
What is the correct contract address for Avalanche?
| Moonbeam | 0x4792c1ecb969b036eb51330c63bd27899a13d84e |
|---|---|
| Avalanche | FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5Z |
| Moonriver | 0x14a0243c333a5b238143068dc3a7323ba4c30ecb |
| Polygon-pos | 0x2c89bbc92bd86f8075d1decc58c7f4e0107f286b |
| Step-network | 0xd6070ae98b8069de6b494332d1a1a81b6179d960 |
| Harmony-shard-0 | one14tvk6p8spdcch8k58cuahrnnmesua79he3xzld |
| Milkomeda-cardano | 0x65e66a61d0a8f1e686c2d6083ad611a10d84d97a |
| Defi-kingdoms-blockchain | 0xb57b60debdb0b8172bb6316a9164bd3c695f133a |
Has Avalanche been audited for security?
No security audits found for this project.
Are you the owner of Avalanche? Edit it here
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