Avalanche
Current price
$9.54
−6.52%24h
LiveUpdated 31s ago
TodayAvalanche drops 6.5%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.69%
- 24 hours−6.52%
- 7 days−11.32%
- 30 days+28.03%
- 1 year−56.14%
Avalanche's move in context
Lagging the market today
−6.52% today against −3.26% for the market as a whole, a gap of 3.3 points. A gap this wide suggests something specific to Avalanche may be moving it, not just the market mood.
Trend has turned
−11.3% over 7 days and +28.0% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Avalanche
Avalanche: A Scalable and Interoperable Blockchain Platform
Avalanche is a high-performance blockchain platform designed to address some of the biggest challenges in the blockchain space, including scalability, interoperability, and usability. Launched in 2020 by Ava Labs, Avalanche aims to provide a secure, scalable, and interoperable environment for decentralized applications (dApps) and enterprise blockchain solutions. Its unique architecture and consensus mechanism make Avalanche one of the most promising blockchain platforms in the industry.
Key Aspects of Avalanche
Scalability and High Throughput: Avalanche is built to handle a high volume of transactions without compromising speed or security. The platform can process over 4,500 transactions per second (TPS), making it one of the fastest blockchains available. This high throughput is essential for supporting a wide range of dApps and enterprise applications.
Unique Consensus Mechanism: Avalanche uses a unique consensus protocol known as Avalanche Consensus, which combines aspects of classical consensus mechanisms and Nakamoto consensus. This hybrid approach allows Avalanche to achieve high levels of security, decentralization, and scalability. The consensus protocol is also energy-efficient, making Avalanche a more sustainable blockchain solution.
Interoperability and Subnets: Avalanche is designed with interoperability in mind, allowing it to connect with other blockchain networks and legacy systems. The platform features a unique architecture that includes multiple subnets, each capable of hosting its own blockchain. These subnets can operate independently or communicate with each other, providing a flexible and customizable environment for developers.
Developer-Friendly Ecosystem: Avalanche offers a comprehensive suite of tools and resources for developers, including support for Ethereum's Solidity smart contracts. This compatibility with Ethereum allows developers to easily port their existing dApps to Avalanche, benefiting from its superior speed and scalability. The platform also supports multiple programming languages, making it accessible to a wide range of developers.
AVAX Cryptocurrency: AVAX is the native cryptocurrency of the Avalanche platform, used for transactions, staking, and participating in the network's governance. AVAX holders can also earn rewards by staking their tokens and helping to secure the network. The cryptocurrency plays a crucial role in the Avalanche ecosystem, providing the economic incentives needed to maintain the network's security and functionality.
Challenges and Future Potential: While Avalanche has quickly gained traction in the blockchain space, it faces challenges related to adoption and competition from other blockchain platforms. However, its unique architecture, high throughput, and focus on interoperability position Avalanche as a strong contender in the race to become the leading platform for decentralized applications and enterprise blockchain solutions.
Avalanche market
- Position by market cap among the coins we track.
- #26
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $4.23B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $9.45High $10.28
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $144.96
- Now 7% of itReached 21 Nov 2021 · Needs +1,419% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 443.41M AVAX
- 62% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 470.08M AVAX
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 715.75M AVAX
- The most coins that can ever exist. Some coins have no limit.
Avalanche converter
1 Avalanche = $9.54
