Avalanche
#28
AVAX
$6,75
+0.04% (24h)
Market Cap
$2,91B
Volume 24d
$152,96M
Updated at
20:43 UTC
Price Chart
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What is Avalanche?
Avalanche is a layer-1 blockchain platform designed for building scalable decentralized applications and custom blockchain networks. Launched in 2020 by founders Emin Gun Sirer, Kevin Sekniqi, and Maofan Ted Yin, it aims to provide high throughput and low latency. The network utilizes a proof-of-stake consensus mechanism to secure its operations and validate transactions. Its architecture supports a wide range of functionalities, including the deployment of smart contracts, the development of decentralized finance (DeFi) protocols, and the creation of interoperable subnets. As a smart contract platform, Avalanche operates in a competitive space alongside other layer-1 protocols such as ETH, SOL, and ADA.
How does Avalanche work?
Avalanche achieves network agreement using its unique proof-of-stake consensus mechanism, which is designed for high performance. The system utilizes repeated sub-sampled voting where a small, random subset of validators is polled to check for agreement. This process allows the network to confirm transactions with statistical certainty and achieve finality in a short amount of time.
The network is secured and maintained by a global, decentralized set of participants known as validators. These validators are responsible for processing transactions, creating new blocks, and upholding the overall integrity of the platform. To participate in consensus, a node operator must stake a significant amount of AVAX tokens as collateral.
When a user submits a transaction, it is broadcast across the network to the active set of validators. Avalanche's distinct architecture features multiple chains, including the Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain), enabling parallel processing. After a transaction is validated through the consensus protocol, it is finalized and immutably added to the ledger.
Avalanche use cases
The Avalanche platform supports a range of decentralized functions, leveraging its architecture for various applications. Its structure enables developers to build and deploy complex systems that require high throughput and custom functionality.
- Smart contracts: The network supports creating and executing self-enforcing agreements, which are the foundation for decentralized applications.
- DeFi: Developers can build decentralized finance applications, including lending protocols, exchanges, and other financial tools on the platform.
- Subnets: The platform allows for creating custom blockchains that operate with their own rules and validator sets.
- Token issuance: Users and projects can create and issue their own digital assets and tokens on the Avalanche blockchain.
Avalanche tokenomics
The tokenomics of Avalanche are defined by a fixed maximum supply. The total amount of AVAX that can ever exist is capped at 715,748,719 tokens. This fixed supply model means that the token is not designed to be inflationary in the long term. As of recent data, the circulating supply is 431,771,961.177212 AVAX. The AVAX token is integral to the network's proof-of-stake consensus mechanism. It is used for staking by validators who process transactions and secure the network, and it is also used to pay for transaction fees within the ecosystem. The distribution of new tokens is managed through staking rewards.
Avalanche price history & milestones
Avalanche launched its mainnet in 2020, entering the market as a new smart contract platform. The token's value has experienced significant fluctuations since its introduction. According to historical data, the all-time high price for AVAX was $146.22, a value it reached on November 21, 2021. Conversely, the token's all-time low price was recorded at $2.79 on December 31, 2020. These price points represent the historical extremes in its trading history. Based on market capitalization, Avalanche holds a market rank of 27, positioning it among other digital assets in the broader cryptocurrency market. This history reflects its journey through various market conditions.
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Frequently asked questions
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What is the current price of Avalanche?
As of 20:43 2026-07-11, Avalanche (AVAX) is trading at $6,75. Prices update every 5 minutes on this page. -
Is Avalanche a good cryptocurrency to buy on Switchere?
Switchere does not provide investment advice. You can buy Avalanche on Switchere; whether it's right for you depends on your own research and risk tolerance. -
Who created Avalanche?
Avalanche was created by Ava Labs, a company co-founded by three individuals: Emin Gun Sirer, Kevin Sekniqi, and Maofan "Ted" Yin. Emin Gun Sirer is a computer science researcher, while Kevin Sekniqi and Ted Yin also have backgrounds in the field. Their collective work led to the development of the Avalanche protocol and its launch in 2020. -
What was the highest price of Avalanche?
The all-time high price for Avalanche (AVAX) was $146.22. This price was reached on November 21, 2021. This value represents the peak market price recorded for the token since its launch. Market conditions and other factors can influence the price of any digital asset over time. -
Where can I buy Avalanche?
You can buy Avalanche on Switchere using a wide range of payment methods including credit cards, debit cards, Apple Pay, Google Pay, SEPA bank transfers, and supported digital wallets. The process typically completes within a few minutes after identity verification. -
Can I buy Avalanche with a credit card?
Yes. Switchere supports Avalanche purchases with Visa and Mastercard credit and debit cards. Card payments are protected by 3D Secure authentication and typically settle to your Switchere wallet within a few minutes of approval.
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