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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 July 2026) | $7.00 | +0.72% |
|---|---|---|
| 24 hours ago (5 July 2026) | $6.95 | +0.72% |
| 1 week ago (29 June 2026) | $6.72 | +4.23% |
| 1 month ago (6 June 2026) | $6.61 | +5.84% |
| 1 year ago (6 July 2025) | $18.13 | -61.40% |
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