Avalanche (AVAX)
Rank #26
Market snapshot
- Price
- $6.76
- Market cap
- $2.9B
- 24h volume
- $388.9M
- Circulating supply
- 431,771,961.1772
- Total supply
- 463,441,061.1772
- Max supply
- 715,748,719
What is Avalanche?
Avalanche is a blockchain platform that aims to provide solutions for businesses by enabling the development of decentralized applications and custom blockchains. It facilitates the creation and management of digital assets, allowing users to build and deploy applications tailored to their needs.
How Avalanche works
Avalanche operates through a network of optimized chains that utilize a unique consensus mechanism to finalize transactions almost instantly. This architecture allows for the scalability of applications, whether as single instances or fully customizable Layer 1 blockchains. The network is supported by a primary chain and multiple interconnected blockchains, which communicate via Avalanche Interchain Messaging.
Key information
- Symbol
- AVAX
- CMC rank
- #26
- Network / platforms
Avalanche, Avalanche C-Chain, Avalanche X-Chain, BNB Smart Chain (BEP20)
- Categories
- N/A
- Date added
- Jul 13, 2020
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Avalanche
FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5Z
Token contracts on other networks
Avalanche X-Chain
FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5ZBNB Smart Chain (BEP20)
0x1ce0c2827e2ef14d5c4f29a091d735a204794041KAIA
0xcd8fe44a29db9159db36f96570d7a4d91986f528
Key characteristics
Avalanche is an open-source platform, allowing developers to contribute to its ecosystem. It supports various blockchain applications and operations, making it adaptable for different use cases. The platform is designed to handle real-world performance requirements, facilitating efficient digital asset operations.
Documented uses
AVAX powers the Avalanche network—used for paying fees, securing the platform, and fueling custom blockchain operations.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Avalanche (AVAX)?
- Avalanche (AVAX) is a blockchain platform designed for real businesses solving real problems at scale.
- How does Avalanche operate?
- Avalanche operates through a network of optimized chains that utilize a unique consensus mechanism to finalize transactions almost instantly.
- What are the key technical characteristics of Avalanche?
- Avalanche is an open-source platform that supports various blockchain applications and operations, making it adaptable for different use cases.
- What are the risks associated with transferring Avalanche (AVAX)?
- Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets.
- How can I verify the acquisition of Avalanche (AVAX)?
- Verify the asset name, network, and any supplied contract details before transferring.
- Where can I find official resources for Avalanche?
- Official resources for Avalanche can be found on the Avalanche website at https://avax.network/.
