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Exchange Avalanche (AVAX)

If you're looking to swap Avalanche, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Avalanche or some fresh information about AVAX’s price movements. And, of course, we provide you with the multiple Avalanche exchange options so that you can choose the offer with the best rates and lowest Avalanche fees, as well as other parameters that suit you.

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Avalanche Price Stats

To help you make a decision about exchanging your Avalanche, we gathered some cold hard numbers: Avalanche price chart and other stats, such as Avalanche market cap.

24H HIGH

24H HIGH $13.63

AVAX MARKET CAP

AVAX MARKET CAP $5,570,047,080.403

CIRCULATING SUPPLY

CIRCULATING SUPPLY 415,985,592.263 AVAX

24H LOW

24H LOW $13.34

AVAX PRICE

AVAX PRICE $13.39

24H VOLUME

24H VOLUME $4,055,810.487

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Avalanche Price Chart

Here you can see the current price of Avalanche, as well as Avalanche price history.

What is Avalanche?

Avalanche is a Layer-1 blockchain network that prioritizes the speed of transactions. It is considered to be a rival to Ethereum as it focuses on solving the issues the Ethereum network struggles with. Avalanche also supports smart contract functionality for decentralized applications. It allows the building of fast, low-cost Solidity-compatible dApps and also custom blockchain networks. 

The project was launched in 2020 by Ava Labs, founded by professor Emin Gun Sirer, Maofan “Ted” Yin, and computer science Ph.D. Kevin Sekniqi. Gun Sirer has been researching the possibilities of cryptography for a long time and is known for developing a peer-to-peer virtual currency 6 years before the launch of Bitcoin. Prior to starting his own project, he worked on Bitcoin scaling solutions. After creating Ava Labs in 2018, there was a seed round held in February 2019, and then an ICO that was closed in 24h and helped to raise $42 million. 

The Avalanche network is open-source meaning that anyone can review its code and suggest changes. It also aspires to be interoperable with other networks that want to integrate with Avalanche. 

The network has a very unique architecture different from the approach of other projects; it consists of three separate blockchains: the X-chain, the C-chain, and P-chain. Each of them has a distinctive purpose. Moreover, Avalanche applies different consensus mechanisms depending on the use-cases. 

The X-Chain (Exchange Chain) is used for the creation and exchange of the native AVAX tokens as well as other assets and runs on the Avalanche consensus mechanism. The tokens created on this network follow specific standards, just like ERC20, BEP20, or TRC20. 

The C-Chain (Contract Chain) serves as a base for smart contracts and decentralized applications and applies the Snowman consensus algorithm. It has its native Avalanche Virtual Machine, allowing developers to build EVM-compatible dApps. 

The P-Chain (Platform Chain) is used to coordinate the activity of the network validators, create and track the subnets — the sets of validators, and it also runs on Snowman consensus. 

Thanks to the division of the functionality, the network has a high throughput (about 6500 transactions per second) without compromising the decentralization. For example, the private networks on the platform can request its subnet validators to be from different geographical locations and comply with specific regulations. 

The Avalanche consensus mechanism requires all the nodes to process and validate transactions by employing a directed acyclic graph protocol. Thus, the transactions are processed simultaneously. The correctness of validation is ensured through random polls. Another significant feature is that there are no poles in the Avalanche consensus mechanism, so the transactions are finalized almost immediately. 

The Avalanche Foundation recently announced the development of its own Multiverse, which is supposed to accelerate the process of adoption of its novel Subnets, the premiere scaling solution for the Web3 dApps. The incentive program will be funded by up to $290M by Avalance Foundation. It is focused on supporting new ecosystems such as blockchain-enabled games, DeFi, institutional use cases, and others. 

The native token of the Avalanche network is AVAX. It has a total supply of 720 million that is released gradually. The transaction fees on the Avalanche platform are going to the burn wallet to make the currency more scarce over time. The holders can also stake the AVAX tokens directly on the platform (on P-Chain) and receive rewards. 

A Simple Way To Exchange Avalanche Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 1600 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

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