Profile of Avalanche


Avalanche

Avalanche is a layer-1 blockchain offering high throughput, low latency, and support for custom blockchains (subnets). Its consensus mechanism allows thousands of transactions per second without compromising decentralization. AVAX is used for staking, transaction fees, and ecosystem development. It’s a strong Ethereum competitor with a growing DeFi presence.


Detailed feature breakdown for Avalanche
Avalanche
Market Cap Rank 20
Sector / Use Case DeFi & Smart Contracts
Consensus Mechanism Proof-of-Stake
Year Launched 2020
Current Price Range $8-$60
All-Time High $146 (Nov 2021)
Staking Rewards (%) 8-11%
Developer Activity Level High
Institutional Adoption Moderate
Notable Features Fast and low-cost transactions, scalable

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