Avalanche Logo

Avalanche AVAX

Avalanche header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
52W High price $97.60
52W High date 4th Apr 2022 (10 months ago)
All Time High (ATH) Date 21st Nov 2021 (1 year ago)
ATH Price $144.96
% From ATH -86.22%
All Time Low (ATL) Date 31st Dec 2020 (2 years ago)
ATL Price $2.80
% From ATL 613.21%
Supply & Trading Volume
Trading Volume (24h) $340.75M
Total Supply 420.49M
Max Supply 720.00M
Circulating Supply 315.08M
Description

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:

  • The Exchange Chain (X-Chain) – used for the creation of new digital assets

  • The Contract Chain (C-Chain) – the Avalanche Ethereum Virtual Machine (EVM) implementation

  • 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.

Developer Activity Alerts

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2. Price

AVAX/USD

2.1. Market Performance

How does Avalanche's (AVAX) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

69.4%

AVAX

36.5%

Similar Market Cap

60 Day Return

50.4%

AVAX

26.7%

Similar Market Cap

1 Year Return

-74.2%

AVAX

-41.3%

Similar Market Cap

3. Developer Activity

We're monitoring 77 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: 67 commits vs. an average of 1
  • Past 12 weeks: 277 commits vs. an average of 10
  • Past year: 1,471 commits vs. an average of 201

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 2023

In total, 721 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.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 41,839
Active Reddit Users (past 24h) 543
Discord users 51,731
Active Discord Users 5,360
Telegram Users 39,390
Twitter followers 861,229
5. News
7. More Information

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/
Twitter @avalancheavax
reddit /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.

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