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Cryptocurrencies:  7,545Markets:  31,643Market Cap:  $389,019,815,22024h Vol:  $91,214,970,057BTC Dominance:  62.4%
Market Cap:  $389,019,815,22024h Vol:  $91,214,970,057BTC Dominance:  62.4%Cryptocurrencies:  7,545Markets:  31,643
Please note that some exchanges are trading IOUs of AVAX.
Avalanche

Avalanche (AVAX)

$3.84 USD (-4.77%)
0.00029276 BTC (-3.61%)
Buy
Exchange
Gamble
Earn Crypto
  • Market Cap
    $93,992,269 USD
    7,173 BTC
  • Volume (24h)
    $6,640,130 USD
    506.70939713 BTC
  • Circulating Supply
    24,500,000 AVAX
  • Total Supply
    360,000,000 AVAX
  • Max Supply
    720,000,000 AVAX

About Avalanche

Avalanche price today is $3.84 USD with a 24-hour trading volume of $6,640,130 USD. Avalanche is down 4.77% in the last 24 hours. The current CoinMarketCap ranking is #90, with a market cap of $93,992,269 USD. It has a circulating supply of 24,500,000 AVAX coins and a max. supply of 720,000,000 AVAX coins. You can find the top exchanges to trade Avalanche listed on our crypto exchanges page.

What Is Avalanche (AVAX)?

Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.

It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.

Developers at Ava Labs claim that Avalanche is the first smart contracts network to offer transaction finalization in under one second as standard.

Avalanche launched its mainnet in September 2020. The platform’s native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users.

Who Are the Founders of Avalanche?

Ava Labs has three co-founders, among whom is Emin Gün Sirer, the veteran computer scientist long associated with Bitcoin (BTC) and decentralized networks.

Sirer has long been concerned with Bitcoin scaling, and the Avalanche Consensus is a direct follow-on from this research, allowing transaction volumes significantly higher than Bitcoin and competing with the likes of Visa.

Like Sirer, fellow co-founders Kevin Sekniqi and Maofan “Ted” Yin are also associated with Cornell University. Sirer is an advisor to Yin, who is undertaking a PhD in computer science.

The remainder of the team is made up of computer science, economics, finance and law experts.

What Makes Avalanche Unique?

Avalanche provides decentralized asset trading which anyone can launch and use, and does so with a network which is unique in the digital realm in providing subsecond transaction confirmations.

Developers aim to bring together the huge, fragmented and often opaque world of asset trading under one roof, allowing barrier-free access. Developers can create and release all manner of entities from blockchains to digital representations of any asset, and allow them to trade according to any given parameters. These include, for example, mimicking compliance regulations in various jurisdictions.

The AVAX token forms the in-house payment method for Avalanche, and is used for fee collection during transactions, as well as for incentives and related purposes. Users can also earn passive income by staking their coins on the network.

Check out CMC Alexandria’s deep dive into Avalanche here.

Read more about Ethereum 2.0 here.

Check out our interview with Emin Gün Sirer here.

Want to learn more about Bitcoin (BTC) or other cryptocurrencies? Check out CoinMarketCap’s dedicated guide here.

How Many Avalanche (AVAX) Coins Are There In Circulation?

AVAX has a maximum capped supply of 720,000,000 (720 million) tokens. The genesis block contained half of that supply.

The other half will be released according to an emission curve detailed in the Avalanche whitepaper. A key difference to the emission of Bitcoin — which is unalterable — is that the AVAX release rate can be changed by community consensus. The supply cannot be changed; all that can differ from consensus is the rate at which the supply cap is reached.

In another contrast to Bitcoin and many other networks, transaction fees are “burnt” in order to increase token scarcity. This process is offset by the release, or “minting,” of new coins.

Transaction fees themselves vary according to the type of operation that the AVAX transaction is performing on the Avalanche network.

How Is the Avalanche Network Secured?

Avalanche is a proof-of-stake (PoS) protocol which rewards users for staking coins. PoS networks have come under fire for their low attack cost, which in some cases has exposed serious vulnerabilities.

According to Ava Labs, Avalanche gets around this by changing governance to make it all but impossible for an attacker to covertly gain the necessary consensus.

Where Can You Buy Avalanche (AVAX)?

AVAX is a freely-exchangeable token and has made its way to major exchanges including Binance, OKEx and Huobi Global.

If you’re new to cryptocurrency, you can read more about how to buy Bitcoin or any other token here. "

Avalanche Price Today
Avalanche Price$3.84 USD
24 Hour High / Low
$4.11 USD /
$3.76 USD
24 Hour Volume$6,640,130 USD
Market Cap$93,992,269 USD
Market Rank#90
Yesterday's Avalanche Price
Yesterday's High / Low
$4.18 USD /
$3.94 USD
Yesterday's Open / Close
$4.12 USD /
$4.07 USD
Yesterday's Change$-0.055637 USD (-1.35%)
Yesterday's Volume$19,435,211 USD
Historic Avalanche Price
7 Day High / Low
$4.49 USD /
$3.76 USD
30 Day High / Low
$4.69 USD /
$3.23 USD
90 Day High / Low
$11.46 USD /
$3.45 USD
52 Week High / Low
$11.46 USD /
$3.45 USD
All Time High
$11.46 USD
(Sep 22, 2020)
All Time Low
$3.44 USD
(Sep 23, 2020)
Avalanche ROI
667.28%
Avalanche Supply Details
Circulating Supply24,500,000 AVAX
Total Supply360,000,000 AVAX
Max Supply720,000,000 AVAX
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