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Avalanche is a decentralised network that introduces a unique consensus protocol in order to host a network of high-speed blockchains, smart contracts and applications.
Avalanche’s focus on smart contracts, efficient transactions and hosting decentralized applications has seen it dubbed as one of the potential ‘Ethereum killers’. It offers many of the same functions as the Ethereum blockchain, but with faster transaction times.
Avalanche’s price surged in September 2021 on the back of $230 million of private funding from Polychain and Three Arrows Capital.
Avalanche’s Mainnet is EVM compatible, meaning that dApps on the Ethereum layer 1 network can be ported over to Avalanche without duress. They’ve also developed an Avalanche–Ethereum bridge that improves interoperability further, providing blockchain users and dApp developers the ability to transfer ETH and AVAX tokens between their respective networks.
AVAX is the native token of Avalanche. The AVAX token is primarily used for transactions, staking and network fees. It can also be used as the major economic token for various decentralized projects built on the protocol.
Avalanche (AVAX) is the 12nd largest cryptocurrency in the world by market cap, valued at $8,877,145,783. The current price of Avalanche is $46.8897, which is -9.899% lower than yesterday. Prices have ranged between $52.1235 and $45.6027 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2022 11:05 UTC.
| Coin symbol | AVAX |
|---|---|
| Coin Marketcap | AUD$8,877,145,783 |
| Total AVAX supply | 377,752,194 |
| Circulating AVAX | 269,112,277 |
| Current price | AUD$46.8897 |
| All time high | AUD$296.4247 |
| All time high date | November 21, 2021 |
| Notable team members | Emin Gün Sirer |
| Partnerships | Mastercard, Deloitte |
| Industry | Decentralised finance |
| Token uses | Utility token |
| Network | Avalanche |
Historical prices compared with the price of $46.8897.
| 1 hour | -2.47% |
|---|---|
| 24 hours | -9.90% |
| 7 days | -36.17% |
| 14 days | -44.34% |
| 30 days | -57.65% |
|---|---|
| 60 days | -55.75% |
| 200 days | -46.86% |
| 1 year | -4.89% |
Disclaimer: Cryptocurrencies, including Avalanche, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of AVAX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Avalanche or any other cryptocurrency discussed.
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