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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 (21 May 2026) | $9.46 | +1.97% |
|---|---|---|
| 24 hours ago (20 May 2026) | $9.28 | +1.97% |
| 1 week ago (14 May 2026) | $10.02 | -5.56% |
| 1 month ago (21 April 2026) | $9.20 | +2.80% |
| 1 year ago (21 May 2025) | $22.75 | -58.41% |
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