Using the latest cached price of $6.61 per AVAX. Edit either box.
Avalanche is a smart contract blockchain that launched in 2020 and competes directly with Ethereum. Its signature feature is subnets, which let companies and projects spin up their own custom blockchains that still connect to the wider network. Transactions finalize in about a second, which makes it attractive for gaming and finance. The AVAX token pays fees, secures the network through staking, and is partially burned with every transaction, which slowly reduces supply. Avalanche has landed partnerships with major institutions experimenting with putting traditional assets on chain.