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Avalanche

AVAX

4.4

Price
$17.49
9/26/2022, 7:51:09 PM
diamondHands

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Market

Market stats

Market cap

$5.2B

Volume (24h)

$189.3M

Circulating supply

295.9M AVAX

Typical hold time

56 days

Popularity

#13

All time high

$146.22

Price change (1h)

+0.06%

Price change (24h)

-0.11%

Price change (7d)

+2.04%

Trading activity

90% Buy0% Buy
10% Sell100% Sell

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Avalanche is on the rise this week.

The price of Avalanche has risen by 2.04% in the past 7 days. The price declined by 0.11% in the last 24 hours. In just the past hour, the price grew by 0.06%. The current price is $17.49 per AVAX. Avalanche is 88.04% below the all time high of $146.22.

The current circulating supply is 295,891,658.995 AVAX.

About

Avalanche describes itself as an open, programmable smart contracts platform for decentralized applications. AVAX is used to pay transaction fees and can be staked to secure the network. Avalanche is compatible with Solidity, Ethereum’s programming language, and can be used to deploy custom private or public blockchains as “subnets.”

What is Avalanche (AVAX)?

Avalanche describes itself as an “open, programmable smart contracts platform for decentralized applications.” What does that mean? Like many other decentralized protocols, Avalanche has its own token called AVAX, which is used to pay transaction fees and can be staked to secure the network. 

Like Ethereum, Avalanche can power a wide variety of applications like stablecoins, DeFi protocols (lending, savings, decentralized trading), and NFTs. Avalanche is also compatible with Solidity, the programming language used by the Ethereum network, which means developers from one of the largest and most engaged communities in crypto can build on Avalanche and use it to deploy custom private or public blockchains as “subnets.” And, whereas the Bitcoin blockchain can typically process around seven transactions per second, Avalanche claims to be able to process over 4,500 transactions per second. 

How do you buy AVAX?

You can buy, send, and receive AVAX (depending on eligibility) using your Coinbase account. Or, you can buy AVAX by using the official Avalanche “Bridge” and trading ETH (or other Ethereum tokens) for AVAX in a peer-to-peer fashion. In order to bridge from the Ethereum ecosystem into Avalanche, however, you will first need a non-custodial wallet and decentralized application browser like Coinbase Wallet. 

Using Coinbase Wallet, you can navigate to the Avalanche Bridge, exchange your Ethereum assets for Avalanche, and monitor your balances across various blockchains.

How does Avalanche work?

Avalanche’s network consists of three component blockchains: the Platform Chain (P-Chain) which coordinates validators and the creation of subnets, the C-Chain for the creation of smart contracts, and the X-Chain for managing and exchanging assets.

The native asset connecting the Avalanche network is the AVAX cryptocurrency. There will only ever be 720 million AVAX coins in circulation, and AVAX can also potentially be used in proposing and voting on future network upgrades.

Can you stake AVAX?

AVAX rewards can be earned by staking directly on the Avalanche network (note: Coinbase does not currently enable staking directly on its platform), which helps secure, validate, and govern Avalanche while enabling the following features: 

  • Fast, peer-to-peer transactions

  • Decentralized computation and storage

  • Creation of new “subnet” blockchains

Participants become general network validators by staking their AVAX on the Avalanche Platform Chain (P-Chain). Participants can also delegate their stake to another validator, who then earns a portion of their validator reward. You can also become a validator of specific subnet blockchains by staking AVAX.

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Social

Avalanche on social media.

Avalanche was mentioned in 12,453 out of 1,647,737 social media posts on Twitter and Reddit on Sep 25, 2022. 17,855 unique individuals are talking about Avalanche and it is ranked #19 in most mentions and activity from collected posts.

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Key indicators

Contributors

17,855 people

Posts

12,453 posts

Dominance

0.76%

Volume rank

#19

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FAQ

What is the current price of Avalanche?

The price of 1 Avalanche currently costs $17.49.

What is the market cap of Avalanche?

The current market cap of Avalanche is $5.18B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Avalanche?

The all-time high of Avalanche is $146.22. This all-time high is highest price paid for Avalanche since it was launched.

What is the 24 hour trading volume of Avalanche?

Over the last 24 hours, the trading volume of Avalanche is $189.32M.

What other assets are similar to Avalanche?

Assets that have a similar market cap to Avalanche include SHIBA INU, Wrapped TRON, HEX, and many others. To see a full list, see our comparable market cap assets.

How many Avalanche are there?

The current circulating supply of Avalanche is 296 million.

What is the typical holding time of Avalanche?

The median time that Coinbase customers hold Avalanche before selling it or sending it to another account or address is 56 days.

What is the relative popularity of Avalanche?

Avalanche ranks 35 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Avalanche?

Currently, 90% of Coinbase users are buying Avalanche. In other words, 90% of Coinbase customers have increased their net position in Avalanche over the past 24 hours through trading.

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