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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 (6 February 2026) | $8.41 | -11.33% |
|---|---|---|
| 24 hours ago (5 February 2026) | $9.48 | -11.33% |
| 1 week ago (30 January 2026) | $10.90 | -22.84% |
| 1 month ago (7 January 2026) | $14.46 | -41.84% |
| 1 year ago (6 February 2025) | $26.19 | -67.89% |
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