Avalanche 2  AVAX Price & Markets

$33.55

-6.74% (24H)
Low $32.88
High $34.23
  • Market Cap $13.20 B
  • Volume $639.41 M
  • Available Supply 393.25 M AVAX

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Avalanche(AVAX) current price is $33.55 with a marketcap of $13.20 B. Its price is -6.74% down in last 24 hours.

Avalanche (AVAX) is a blockchain-based, open source platform designed to provide fast and secure transactions and smart contracts for various decentralized applications (dApps). It uses a consensus protocol called Avalanche Consensus that allows for extremely high throughput—able to process up to 4,500 transactions per second. This makes AVAX the fastest proof of stake network in existence.

The smart contract capabilities of Avalanche are powered by their DeFi platform known as “Avalanche Defi” or “AVAX DEFI”. Through this system, users can create and issue tokens on the Avalanche network with minimal effort – creating fully programmable digital assets within minutes. The Defi layer is also used to facilitate complex Decentralized Finance use-cases such as automated lending markets, insurance pools, trustless derivatives trading platforms as well as more interesting applications like digital money marketplaces and gaming networks among others.

As a proof-of-stake network, AVAX heavily incentivizes staking by offering rewards in the form of AVAX tokens for locking them up in an AVAX wallet or staking pool—with returns ranging from 6% - 10%. This has led many people who have heard about cryptocurrency but not yet had a chance to participate into joining AVAX projects such as mining or staking activities where they can earn passive income just by holding onto their tokens long term instead of trading them on volatile exchanges like Bitcoin or Ethereum .

 

Overall it's an impressive project that could potentially revolutionize global finance due its low fees combined with its robust scalability feature which should make it one you follow closely!

Disclaimer: The content of our coin listings is for informational purposes only and should not be considered financial advice. We are not licensed financial advisors. All investment decisions are solely your responsibility. We strongly recommend conducting your own cryptocurrency research and consulting with a qualified financial advisor before making any investment choices.