Overview
Avalanche (AVAX) is a Layer 1 blockchain designed to host decentralized applications (DApps) and customized blockchain networks. Positioned as a competitor to Ethereum, it aims to surpass Ethereum as the leading platform for smart contracts by achieving higher transaction throughput (up to 6,500 TPS) without compromising scalability.
Key Features
- Unique Architecture: Comprises three blockchains—X-Chain (asset exchange), C-Chain (smart contracts), and P-Chain (coordinating validators)—each optimized for specific use cases.
- Consensus Mechanisms: Utilizes Avalanche Consensus and Snowman protocols for rapid, low-cost transactions.
- Interoperability: Supports Ethereum Virtual Machine (EVM), enabling seamless migration of Ethereum-based DApps.
AVAX Token Metrics
| Metric | Value | Change (24h) |
|---|---|---|
| Price (KRW) | ₩24,755.08 | -4.28% |
| Market Cap (KRW) | ₩10.45T | 4.28% |
| 24h Volume (KRW) | ₩464.9B | 20.12% |
| Circulating Supply | 422.18M AVAX | 58.98% |
| Max Supply | 715.74M AVAX | — |
Avalanche Ecosystem
Core Components
- X-Chain: Facilitates AVAX and other asset creation/exchanges.
- C-Chain: Hosts EVM-compatible smart contracts.
- P-Chain: Manages subnets and validator coordination.
Adoption Highlights
- DeFi Integrations: SushiSwap, TrueUSD, and other Ethereum projects operate on Avalanche.
- Bridges: Enhances cross-chain interoperability with Ethereum.
Staking and Supply
- Annual Staking Reward: ~11.57% (minimum 2,000 AVAX for 2 weeks).
Token Allocation:
- 50% for staking rewards.
- 10% public sale, 9.26% foundation, 7% community grants.
FAQs
What makes Avalanche different from Ethereum?
Avalanche’s multi-chain architecture and consensus mechanisms enable higher throughput (>6,500 TPS) and lower fees compared to Ethereum’s PoW/PoS models.
Where can I buy AVAX?
AVAX is listed on major exchanges like Binance, Bitfinex, and KuCoin.
How secure is Avalanche?
The network uses DAG-based Avalanche Consensus, where nodes validate transactions via repeated random polling, ensuring fast finality and robustness.
Market Performance
- All-Time High (KRW): ₩199,383.69 (Nov 2021).
- All-Time Low (KRW): ₩3,802.86 (Dec 2020).
Tags
Layer1 #SmartContracts #DeFi #EVM
Data updates in real-time. Verify metrics on CoinMarketCap.