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1 EUR = 0.057161 AVAX
+0.82%
The live price of Avalanche is € 15.92 per (AVAX / EUR) with a current market cap of € 6,723,650,911.81 EUR. 24- hour trading volume is € 377,714,087.07 EUR. AVAX to EUR price is updated in real-time. Avalanche is +0.82% in the last 24 hours with a circulating supply of 422,169,776.85.
AVAX Price History EUR
Date Comparison
Today
€ 15.92
+0.82%
30 Days
€ 18.69
-17.40%
60 Days
€ 17.85
-12.12%
90 Days
€ 16.61
-4.33%
About Avalanche (AVAX)

Avalanche is a prominent cryptocurrency and blockchain platform renowned for its high throughput and quick finality. Launched in 2020 by Emin Gün Sirer and his team from Cornell University, Avalanche has rapidly ascended in market rankings due to its unique consensus mechanism.This mechanism allows it to process thousands of transactions per second while maintaining robust security and decentralization, distinguishing it from many other blockchain networks.

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People Also Ask: Other Questions About Avalanche
Avalanche (AVAX) is the native cryptocurrency of the Avalanche platform, a decentralized, open-source blockchain designed for high scalability and fast transaction processing. Avalanche’s unique feature is its consensus protocol, which allows for near-instant finality (often within seconds) and high throughput (thousands of transactions per second). The platform is also highly flexible, enabling the creation of customized blockchains, smart contracts, and decentralized applications (dApps). This makes it a strong competitor to other platforms like Ethereum.
You can buy Avalanche (AVAX) on major cryptocurrency exchanges, including Binance, Coinbase, Kraken, and others. To purchase AVAX, you’ll need to set up an account on an exchange, verify your identity, deposit funds, and then trade for AVAX. Once purchased, AVAX can be stored in various types of wallets, such as software wallets (like Avalanche Wallet, MetaMask, or Trust Wallet), hardware wallets (like Ledger or Trezor), or kept on the exchange for trading, though storing on exchanges is less secure.
Avalanche (AVAX) is used primarily to pay for transaction fees within the Avalanche network, participate in the network's Proof of Stake (PoS) consensus mechanism, and secure the network through staking. Beyond its role within the network, AVAX is also used as a governance token, allowing holders to vote on key protocol decisions. Additionally, AVAX is utilized in decentralized finance (DeFi) applications, NFTs, and other decentralized applications (dApps) built on the Avalanche platform.
Avalanche uses a novel consensus mechanism called Avalanche Consensus, which is a combination of Proof of Stake (PoS) and a protocol that enables rapid consensus across the network. This consensus mechanism allows Avalanche to achieve high throughput, low latency, and strong security while maintaining decentralization. It benefits the network by enabling fast finality (transactions are confirmed in seconds) and high scalability, which is essential for supporting a wide range of decentralized applications without bottlenecks.
Avalanche (AVAX) has attracted attention as a promising investment due to its innovative technology, growing ecosystem, and strong backing by developers and investors. Its rapid adoption in decentralized finance (DeFi) and other sectors has also contributed to its popularity. However, like all cryptocurrencies, investing in AVAX carries risks, including price volatility, regulatory uncertainties, and competition from other blockchain platforms. Investors should carefully assess their risk tolerance and conduct thorough research before investing in AVAX.
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