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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 (July 1, 2026) | $6.71 | +2.89% |
|---|---|---|
| 24 hours ago (June 30, 2026) | $6.52 | +2.89% |
| 1 week ago (June 24, 2026) | $6.24 | +7.56% |
| 1 month ago (June 1, 2026) | $8.73 | -23.12% |
| 1 year ago (July 1, 2025) | $17.34 | -61.31% |
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Buy, sell, trade, and swap AVAX on MetaMask, crypto's most trusted wallet.
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