AVAX Live Price
Overview
Price
$42.29
24h% change
14.7%
Volume (24h)
$2.326B
Market Cap
$17.304B
What Is Avalanche
Avalanche operates as a layer one blockchain designed to serve as a decentralized application (DApp) platform and support customized blockchain networks. Positioned as a competitor to Ethereum, Avalanche aims to surpass it as the leading blockchain for smart contracts. This ambition is driven by its capability to achieve a higher transaction throughput, reaching up to 6,500 transactions per second, without compromising scalability.
The unique architecture of Avalanche is integral to this achievement. The network comprises three distinct blockchains: X-Chain, C-Chain, and P-Chain, each serving a specific purpose. This approach diverges significantly from the Bitcoin and Ethereum models, where all nodes validate every transaction. Additionally, Avalanche blockchains employ different consensus mechanisms tailored to their specific use cases.
Since its mainnet launch in 2020, Avalanche has actively cultivated its ecosystem of decentralized applications (DApps) and decentralized finance (DeFi) projects. Notably, various Ethereum-based initiatives, including SushiSwap and TrueUSD, have integrated with Avalanche. The platform consistently strives to enhance interoperability between its ecosystem and Ethereum, evident in ongoing efforts such as the development of bridges.
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What is the all-time high for Avalanche (avax)?
Avalanche ’s historic highest price is $144.96, which was recorded on 21st of November 2021. Currently, Avalanche ’s price is %70.9 Lower than its historic high.
What is the all-time low for Avalanche (avax)?
Avalanche ’s historic lowest price is $2.80, which was recorded on 1st of January 1970. Currently, Avalanche ’s price is %1406 Higher than its historic low.
What are the most important factors affecting the price of Avalanche (avax)?
Let's take a look at the important factors that impact Avalanche 's worth, such as how many people want to buy or sell it and how available it is. Other influences include what's being said about it on the news and internet, changes in the global economy and politics, and rules Governments set for using it.
