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.
| 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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