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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 (April 16, 2026) | $9.50 | +1.66% |
|---|---|---|
| 24 hours ago (April 15, 2026) | $9.34 | +1.66% |
| 1 week ago (April 9, 2026) | $9.03 | +5.16% |
| 1 month ago (March 17, 2026) | $10.33 | -8.05% |
| 1 year ago (April 16, 2025) | $18.94 | -49.84% |
AI summary for information only. Not financial advice.
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