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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 (November 24, 2025) | $13.58 | +1.37% |
|---|---|---|
| 24 hours ago (November 23, 2025) | $13.40 | +1.37% |
| 1 week ago (November 17, 2025) | $15.56 | -12.75% |
| 1 month ago (October 25, 2025) | $19.53 | -30.47% |
| 1 year ago (November 24, 2024) | $39.54 | -65.65% |
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