Avalanche (Wormhole) AVAX

1. Summary

Ranks

Liquidity

-

Developer

-

Social

97

Momentum (beta)

0

Stack Rank™

-

Price

$21.56 -6.1%

Market Cap

$0.00 (#12188)

Supply

0.00 /

Tags

Binance Smart Chain Ecosystem Solana Ecosystem Polygon Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Wormhole Assets Sui Ecosystem Terra Classic Ecosystem Oasis Emerald Ecosystem Bridged-Tokens

More Metrics

Price
52W High price	$53.86
52W High date	9th Dec 2024 (5 months ago)
All Time High (ATH) Date	2nd May 2023 (2 years ago)
ATH Price	$574.58
% From ATH	-96.51%
All Time Low (ATL) Date	14th Nov 2022 (2 years ago)
ATL Price	$0.13
% From ATL	15661.83%

Supply & Trading Volume
Trading Volume (24h)	$23,607.00

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Description

What is Avalanche (AVAX)?

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What is Avalanche (AVAX)?

Avalanche is a decentralized platform designed for the creation, execution, and management of decentralized finance (DeFi) applications. It employs a Directed Acyclic Graph (DAG) optimized consensus mechanism, enabling high speeds and scalability. Released with its native token AVAX, Avalanche allows users to create, run, and manage DeFi applications efficiently.

Key Components

Avalanche has a unique architecture consisting of three distinct blockchains:

1. Exchange Chain (X-Chain): Designed for decentralized exchange activities.
2. Platform Chain (P-Chain): Handles the management and creation of blockchains.
3. Contract Chain (C-Chain): Focused on executing smart contracts.

Earning Rewards

Token holders can earn rewards through several methods, including:

1. Staking: Validators stake their tokens to secure the network.
2. Running a Validator Node: By running a validator node, users can contribute to the network.
3. Providing Liquidity: Offering liquidity to the network is also incentivized.

Governance

Avalanche uses a decentralized autonomous organization (DAO) to make decisions. The DAO consists of AVAX token holders who vote on proposals that impact the network, ensuring decentralized decision-making.

AVAX Tokenomics

• Supply Cap: The capped supply of AVAX is 720 million tokens.
• Staking and Fees: Tokens are minted based on staking periods and rewarded to validators. Fees for transactions are burned, lowering the circulating supply.

Recent Performance

Avalanche has shown significant potential, with its price trend often following the broader crypto market. The network's structure and incentives are designed to promote future growth and scalability.

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