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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 (27 December 2025) | $12.42 | -0.50% |
|---|---|---|
| 24 hours ago (26 December 2025) | $12.48 | -0.50% |
| 1 week ago (20 December 2025) | $12.26 | +1.32% |
| 1 month ago (27 November 2025) | $14.92 | -16.74% |
| 1 year ago (27 December 2024) | $37.38 | -66.78% |
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