Avalanche (AVAX)

Fast Layer 1 with a unique subnet architecture.

Open in screener
Category
Smart contracts · Layer 1
Launched
2020
Founders
Emin Gün Sirer, Ava Labs
Consensus
Avalanche Consensus (Snowman)

About Avalanche

Avalanche is a Layer 1 platform built around three independent chains (X, P, and C) that handle assets, validators, and smart contracts respectively. Its consensus protocol enables sub-second finality.

AVAX is the native token used for staking, fees, and bonding subnet validators.

What is AVAX used for?

  • Custom subnets for institutions and games
  • DeFi on the C-Chain (EVM-compatible)
  • Staking

Avalanche FAQ

What is an Avalanche subnet?
A subnet is an application-specific blockchain that uses Avalanche's validator set and consensus, but can have its own rules, fees, and tokenomics.

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