1. What is Avalanche (AVAX)?
Name: Avalanche
Symbol: AVAX
Overview:
Avalanche is the fourth largest Decentralized Finance (DeFi) blockchain - after Ethereum, Binance, and Solana. The total value locked (TVL) in Avalanche is almost $11 billion.
The top 5 DeFi protocols that run on Avalanche are AAVE, Trader Joe, Wonderland, Benqi, and Curve.
What I like the most about Avalanche is that it lets me launch customized private and public blockchains.
Avalanche, with a transactional throughput of more than 4500 tps, performs phenomenally faster than Bitcoin (7 tps), Ethereum (14 tps), and Polkadot (1500 tps).
In terms of transactional finality, Avalanche (less than 2 seconds) leads as compared to Bitcoin (60 mins), Ethereum (6 min), and Polkadot (60 seconds).
AVAX is Avalanche's native token, and it can be used for staking, paying fees, and providing a unit of account between the multiple subnetworks created on Avalanche.
Here’s a great value proposition:
A digital subscription to Mint can be yours at just ₹212 per month (get up to 15% off with bank offers). Check out the convenient and affordable plans we have for you here.
2. Metrics
As of 23 November, its core metrics are:
Price metrics
Current Price
|
$ 134
|
All-time high (Nov 21, 2021)
|
$ 146.22
|
All-time low (Dec 31, 2020)
|
$ 2.79
|
Supply metrics:
Circulating supply
|
224 million AVAX
|
Total supply
|
395 million AVAX
|
Maximum supply
|
720 million AVAX
|
Note:
|
Circulating supply is the number of coins/tokens in public hands.
|
|
|
Total supply is the number of coins/tokens created minus the number burned.
|
|
|
Maximum supply is the maximum amount of this crypto that can ever exist
|
|
|
Figures have been rounded off for convenience
|
Marketcap & Volume metrics:
Market Cap:
|
$ 30 billion
|
Fully Diluted Market Cap:
|
$ 96 billion
|
Volume (24h):
|
$ 2.8 billion
|
Volume / market cap ratio:
|
0.094
|
Note:
|
Market cap = Current Price x Circulating Supply
|
|
|
Fully Diluted Market Cap would be the market cap if the maximum supply was in circulation
|
|
|
Volume (24h) is the fiat value of this crypto traded over the last 24 hours
|
|
|
Volume / market cap ratio = 24h Volume / Marketcap
|
|
|
Figures have been rounded off for convenience
|
3. Wallets
The officially recommended wallets are Avalanche Wallet, Ledger, Frontier, and D'Cent.
Note: The data/graphs are from CoinMarketCap, Messari, and Future Money Wallet.
Were you forwarded this email? Did you stumble upon it online? Sign up here.
The author is an amateur boxer, a blockchain architect, a Tintinologist and a retired hacker.
|