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Avalanche is a decentralized, Ethereum Virtual Machine (EVM) compatible blockchain network launched in September 2020 by Emin Gün Sirer, founder of Ava Labs. The network is powered by a Proof of Stake (Pos) consensus mechanism, and features three integrated blockchains, Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain):
- X Chain is used for creating and transferring digital assets- P Chain is used for staking, validator management, and L1 creation - C Chain is used for supporting Ethereum decentralized apps (dapps), and Ethereum services The native cryptocurrency of Avalanche is called AVAX. The AVAX token is ERC-20, meaning it is compatible with the Ethereum network. It is a utility token that is largely used for transaction fees on the network, staking, and governance on Avalanche, as well as within dapps.Token type: Utility/DeFi| Today (16 January 2026) | $13.75 | -4.37% |
|---|---|---|
| 24 hours ago (15 January 2026) | $14.38 | -4.37% |
| 1 week ago (9 January 2026) | $13.79 | -0.26% |
| 1 month ago (17 December 2025) | $12.11 | +13.58% |
| 1 year ago (16 January 2025) | $38.70 | -64.47% |
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