Avalanche price

in USD
$25.4980
-$0.27200 (-1.06%)
USDUSD
Market cap
$10.78B #14
Circulating supply
422.28M / 720M
All-time high
$147.04
24h volume
$1.43B
4.0 / 5
AVAXAVAX
USDUSD

About Avalanche

Avalanche is a high-speed blockchain platform designed to support decentralized applications and custom blockchain networks. It is known for its rapid transaction finality and low costs, making it appealing for developers and users alike. For investors, AVAX provides access to a modern, scalable network focused on performance and flexibility. The Avalanche network operates using a unique consensus mechanism that allows it to process thousands of transactions per second while maintaining energy efficiency. It supports multiple blockchain instances, which makes it highly adaptable for a variety of use cases, from DeFi to gaming.
RWA
Layer 1
CertiK
Last audit: 26 June 2021, (UTC+8)

Avalanche’s price performance

3 months
+14.13%
$22.3410
30 days
+51.08%
$16.8770
7 days
+21.41%
$21.0000
Today
-1.06%
$25.7700

Avalanche on socials

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Yield Yak 🐃 🥛
GOOD MOOOOORNING YAKS
Yield Yak 🐃 🥛
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🔺 100% of platform fees go to YAK ⚖️ Choose if you want to claim fees in $AVAX or deposit into $YAK pool to compound 💰 Distributed in real-time, claim whenever you want 📈 Current APR: 16% and rising So simple.
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Cryptonews
Cryptonews
You might have Bitcoin or Ethereum in your wallet, but when it is time to pay for things, you still use your card; that is the gap SpacePay is fixing. It wants to make crypto as easy to spend as cash or a card. Right now, they are holding a presale for their SPY token, and the event has attracted more than $1 million. This token powers the entire system. Let’s take a simple walk through how SpacePay works from start to finish. How Users Pay with Crypto in Seconds It is easy to pay with SpacePay. If you have a crypto wallet like MetaMask or Trust Wallet, you can easily send funds to another user. The system accepts any of the widely used wallets. Based on their whitepaper, the system works with more than 325 wallets. Payment can be as simple as scanning a QR code at checkout and then approving it. Users do not need to use any extra apps, as everything works with the system they are already used to. Funds go straight from the wallet to the merchant without the need for any middleman. This makes SpacePay work well for everyone, even those who are still new to crypto. How Stores Accept Crypto without New Hardware Most businesses already use Android payment machines, and SpacePay just needs to be installed on those machines without buying new hardware. Once the SpacePay app is installed, the store can start accepting crypto payments right away. They do not need to learn how crypto works or deal with coins; they can just continue doing business as usual. This setup helps stores save money and avoid stress. It also means crypto payments can spread faster because stores do not have to make any big changes. Security and Privacy Built into the System SpacePay is built to be private and secure. When you make a payment, it happens straight from your wallet, and you stay in control of your money, with no third-party access. All payments are protected with strong security technology. Your information is never shared, and no one can see your private data. The system also does not track your spending habits. This makes SpacePay safe for both users and businesses. It also gives people the confidence to use crypto without fear. Instant Fiat Settlement and Volatility Protection Crypto prices go up and down a lot, and this is one of the key reasons many stores do not want to accept it. They do not want to take a coin and lose money if the price drops. With SpacePay, when someone pays in crypto, the merchant can instantly receive the funds in their local currency instead. So if a customer pays with ETH or USDT, the store gets USD, EUR, or their local currency based on their preference. This makes a big difference and gives stores peace of mind. They get paid fast, and the value stays the same. The Extra Perks for SPY Token Holders The SPY token powers SpacePay. If you hold SPY, you get special benefits. One of the rewards is loyalty airdrops. These are sent every month to people who use SpacePay frequently; the more they spend, the more they can earn. You also get a say in how SpacePay grows. SPY holders can vote every month on what new features should be added or what changes should be made. There are also early access perks. SPY holders might get to try new tools before others, and they can join special webinars with the team to learn about updates. On top of that, SPY offers revenue sharing. When SpacePay makes money, a part of it goes back to SPY holders. That way, the more the platform grows, the more value comes back to the community. How to Join the Ongoing SPY Token Presale The presale is still open, and many people are already joining. If you want to be part of something useful and simple, this could be a good time to check out SpacePay. To join the presale, go to the official SpacePay website and connect your wallet. You can use MetaMask, Trust Wallet, or any other supported option. You can pay with ETH, USDT, BNB, AVAX, MATIC, USDC, BASE, or even a credit or debit card. Type in how much you want to buy and follow the prompts to secure your SPY tokens. The price of SPY will rise as the presale continues, so getting in now means you get more for your money. The post How SpacePay Could Make Crypto Spendable Everywhere: SPY Token Presale Crosses $1 Million appeared first on Cryptonews.
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George
George
#avax $27
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Avalanche FAQ

Currently, one Avalanche is worth $25.4980. For answers and insight into Avalanche's price action, you're in the right place. Explore the latest Avalanche charts and trade responsibly with OKX.
Cryptocurrencies, such as Avalanche, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Avalanche have been created as well.
Check out our Avalanche price prediction page to forecast future prices and determine your price targets.

Dive deeper into Avalanche

Avalanche is a Layer 1 decentralized blockchain network built to support complex applications and custom blockchain functions. Avalanche aims to be a leading Ethereum alternative, competing with other popular chains such as Solana and Cardano for the title of "Ethereum Killer."

Thanks to its scalable architecture, the Avalanche network can handle up to 6,500 transactions per second and has comparatively low gas fees. A wide variety of decentralized applications (dApps) are hosted by Avalanche, which resulted in a record-breaking total value locked (TVL) of $12 billion in late 2021. At the same time, the abundance of dApps on the Avalanche blockchain increased demand for the AVAX token and had a favorable impact on the cryptocurrency's price.

Avalanche also employs an Ethereum Virtual Machine (EVM), which makes it much easier and faster for developers to port and deploy Ethereum-based smart contracts and applications to the Avalanche network. With the familiar user experience, new users can be easily and quickly onboarded to the Avalanche chain.

AVAX is Avalanche's native token, required to pay the necessary gas fees when completing transactions on the Avalanche network. In addition, AVAX token holders can vote on protocol governance issues and have a say in the future development of the blockchain.

AVAX price and tokenomics

The maximum token supply of Avalanche is 720 million. On November 21, 2021, AVAX hit an all-time high of $146. This represents a period when new and innovative DeFi platforms chose the Avalanche network to host their applications. On top of that, Avalanche was a standout performer during the 2021 bull run.

In a series of private and public funding rounds, 360 million AVAX tokens were minted and sold to early supporters, raising $55 million. They are distributed as follows: The Avalanche founders and project receive 19.3 percent, investors receive 16 percent, and pre-mined rewards and community airdrops receive 64.7 percent. AVAX tokens will be continuously distributed to holders via staking rewards over the next several decades. Furthermore, the Avalanche supply schedule outlines consistent token unlocks over several years.

About the founders

The Avalanche network was founded by Ava Labs. Emin Gün Sirer, a well-known computer scientist, leads the Ava Labs venture. Gün Sirer is a Cornell University associate professor best known for his contributions to peer-to-peer (P2P) systems and computer networking. He was also a pioneer in Bitcoin scaling solutions. Kevin Sekniqi and Maofan Yin, who have PHDs in computer science, are other senior members of the Ava Labs team.

What makes Avalanche unique

The Avalanche network has a unique framework that sets it apart from competing chains. It is made up of several blockchains, each of which serves a distinct purpose with different responsibilities.

Avalanche Exchange Chain

Avalanche's X-Chain is built using a directed acyclic graph (DAG), exclusively used to send and receive money. By isolating these transactions, the Avalanche network reduces congestion and enables faster, cheaper payments.

Avalanche Platform Chain

Avalanche's P-Chain is used for staking and validation. On the P-Chain, Avalanche users can become validators to receive staking rewards.

Avalanche Contract Chain

Avalanche's C-Chain is the execution layer that is fully smart contract-compatible and can support dApps. The C-Chain is the home of all Avalanche DeFi protocols and NFT functions.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$10.78B #14
Circulating supply
422.28M / 720M
All-time high
$147.04
24h volume
$1.43B
4.0 / 5
AVAXAVAX
USDUSD
Easily buy Avalanche with your AUD