Avalanche

$6.42
-$0.00642(-0.10%)Today
Market cap
2.77B
Total volume (24h)
101.10M
Volume / Market cap
0.0365
Circulating supply
431.77M
Day range (24h)
$6.34$6.48
All-time low
$2.80
All-time high
$144.96

About Avalanche (AVAX)

What is Avalanche (AVAX)?

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). Its native token, AVAX, is used to pay network fees, secure the network through staking, and participate in governance. Because Avalanche is EVM-compatible, developers can deploy Ethereum-based applications on it without rewriting code, and users can interact with Avalanche decentralized apps through wallets like MetaMask. The current Avalanche crypto price is $6.42, with a 24-hour trading volume of $101,100,216.

Avalanche went live on September 21, 2020. Ava Labs raised $42 million through a public token sale held in July 2020, marking the company's first public sale of its digital currency token. The company was founded by Emin Gün Sirer, who spent two decades as a computer science professor at Cornell before moving into crypto full-time, alongside Kevin Sekniqi and Maofan "Ted" Yin—both of whom completed their PhDs under Sirer's supervision. Avalanche's consensus mechanism grew out of a 2018 academic paper that introduced a new approach to agreement through repeated random sampling among validators, achieving finality in under one second.

AVAX at a glance

Token type

Native Layer 1 (fees, staking, governance)

Blockchain

Avalanche (C-Chain, X-Chain, P-Chain)

EVM compatible

Yes (C-Chain)

Consensus

Avalanche consensus (proof-of-stake, random subsampling)

Launch date

September 21, 2020

Founded by

Emin Gün Sirer, Kevin Sekniqi, Maofan "Ted" Yin (Ava Labs)

Max supply

720,000,000 AVAX (hard cap)

Genesis supply

360,000,000 AVAX

Fee mechanism

100% of base fees burned

Current price

$6.42

Market cap

$2,770,917,379

All-time high

$144.96

24h volume

$101,100,216

Active Avalanche L1s

62 Mainnet L1s as of August 2026

Staking minimum (validator)

2,000 AVAX

Staking minimum (delegator)

25 AVAX

Regulatory status

Digital commodity (SEC/CFTC, March 2026)

Price history

Today (August 14, 2026)$6.42-0.10%
24 hours ago (August 13, 2026)$6.43-0.10%
1 week ago (August 7, 2026)$6.40+0.30%
1 month ago (July 15, 2026)$6.72-4.50%
1 year ago (August 14, 2025)$23.69-72.90%

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