Avalanche Information

Avalanche is a highly regarded blockchain platform known for its impressive scalability and speed capabilities, making it a popular choice for decentralized applications and custom blockchain implementations. Its unique consensus protocol is designed to optimize performance while maintaining a high level of security and decentralization. Developers are drawn to Avalanche for its compatibility with Ethereum, allowing for easy migration of existing projects to a more efficient environment.

Avalanche

$36.92

Title : Avalanche
Symbol : avax
Current Price $ : 36.92 $
High 24h : 37.52 $
Low 24h : 34.72 $
Price Change 24h : 1.13 $
Price Change % 24h : 3.16855 %
Market Cap : 15185767837
Website : https://www.avax.network
Total Volume : 544098882
Market Cap Change 24h : 303527749
Market Cap Change % 24h : 2.03953 %
Circulating Supply : 411459428.6507
Total Supply : 449795737.94075
Max Supply : 720000000
Last Updated : 2025-01-21 23:53
All Time High (ATH) : 144.96
ATH Change % : -74.55909 %
ATH Date : 2021-11-21 14:18
All Time Low (ATL) : 2.8
ATL Change % : 1216.62272 %
ATL Date : 2020-12-31 13:15

more information

Introduction to Avalanche (AVAX)

Avalanche, represented by the symbol AVAX, is a blockchain platform known for its high throughput and low latency, which aims to deliver a highly scalable and efficient decentralized network. Its unique consensus mechanism allows it to process transactions at a rapid pace, distinguishing it from many competitors in the crypto space.

The Technology Behind Avalanche

Avalanche operates on a novel consensus mechanism called Avalanche consensus. This mechanism relies on random sampling and repeated subsampling to enable secure and fast consensus without needing significant computational power or energy consumption. It promises speeds unparalleled by legacy blockchains, making it ideal for high-demand applications.

Advantages of Avalanche

Avalanche boasts several benefits, including its impressive transaction speed and scalability. The platform is capable of managing thousands of transactions per second (TPS), making it suitable for a wide range of decentralized applications (dApps). Additionally, its architecture supports subnets or customizable blockchains within the network, allowing developers to tailor properties and functionalities to their specific use cases.

Challenges and Limitations

Despite its technological advancements, Avalanche is not without its challenges. One of the primary concerns is the growing competition in the blockchain space. Networks like Ethereum and Solana are also advancing rapidly, and Avalanche must differentiate itself continually. Furthermore, the adoption rate of its platform compared to more established blockchains could impact its long-term success.

Historical Performance of Avalanche

Since its inception, AVAX has seen significant volatility. Upon hitting an all-time high (ATH) of $144.96 in November 2021, AVAX has since retraced to its current price of $27.01. The price drop reflects the broader market trend affecting cryptocurrencies, where many coins and tokens have seen substantial corrections from their ATHs. Additionally, the early stage of the project in December 2020 saw AVAX at an all-time low of $2.80.

Future Outlook for Avalanche

Considering its intrinsic strengths, Avalanche possesses considerable growth potential. As blockchain technology continues to gain mainstream acceptance, Avalanche's fast transaction speeds and low fees could become significant selling points. The network's ability to support a large ecosystem of dApps and the potential for further technological enhancements also hold promise.

Conclusion

Avalanche presents a robust alternative to existing blockchain networks, with its combination of speed, scalability, and flexibility. However, its success will heavily depend on the broader market sentiment and its ability to continually innovate and attract developers. For investors and developers alike, Avalanche offers an exciting proposition within the ever-evolving world of cryptocurrency.

General Information
from price $37
Title Avalanche
Symbol avax
Whitepaper -
Website https://www.avax.network
Community -
Last Updated 2025-01-21 23:53

Price Data
Current Price $ 36.92 $
High 24h 37.52 $
Low 24h 34.72 $
Price Change 24h 1.13 $
Price Change % 24h 3.16855 %

Market Data
Market Cap 15185767837
Total Volume 544098882
Market Cap Change 24h 303527749
Market Cap Change % 24h 2.03953 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 411459428.6507
Total Supply 449795737.94075
Max Supply 720000000

Historical Data
All Time High (ATH) 144.96
ATH Change % -74.55909 %
ATH Date 2021-11-21 14:18
All Time Low (ATL) 2.8
ATL Change % 1216.62272 %
ATL Date 2020-12-31 13:15