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Avalanche

AVAX/USD #27 Crypto
$8.75−0.96%24h
24h Range
$8.65$9.04

AVAX to USDT Converter

1 AVAX = 8.7628 USDT · updated 06:22 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

Avalanche Markets

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Avalanche Historical Data

About Avalanche (AVAX)

Avalanche (AVAX) is a smart contract platform built for quick finality and for letting projects run their own blockchains. A pseudonymous group called Team Rocket first described its consensus protocol in 2018. The company Ava Labs, founded by Cornell computer scientist Emin Gün Sirer with Kevin Sekniqi and Maofan "Ted" Yin, built the network. The mainnet launched in September 2020, and AVAX is its native token. The Avalanche price shown here is FMchart's composite, which blends quotes from several large exchanges into one US-dollar value.

Consensus by random sampling

Avalanche uses a family of proof-of-stake consensus protocols based on repeated random sampling. Rather than every validator talking to every other validator, each one keeps polling a small random group of peers. It updates its view until the network settles on an answer. This lets transactions become final quickly, usually within about a second. The design was meant to keep working well even as the number of validators grows. Validators must stake AVAX, and holders who do not run a validator can delegate their AVAX to one and share in its rewards.

The Primary Network's three chains

The main network, called the Primary Network, runs three chains. The X-Chain creates and sends assets. The P-Chain coordinates validators and keeps track of Avalanche L1s. The C-Chain runs Ethereum-compatible smart contracts, and it is where most user activity happens, from decentralized exchanges to lending apps and games. AVAX is the currency on all three. Sending AVAX to the wrong chain is a common beginner mistake, so wallets label each chain. Common Ethereum wallets can connect to the C-Chain with minimal setup.

Avalanche L1s

One of Avalanche's signature features is the ability to launch independent, application-specific blockchains. They were originally called subnets and are now known as Avalanche L1s. The Etna upgrade in December 2024 made them more independent: L1 validators no longer have to stake 2,000 AVAX on the Primary Network and instead pay a small continuous fee. Some L1s are fully public, while others restrict who can validate or use them, which can suit regulated businesses. Games, financial firms and DeFi projects have launched their own L1s for this reason.

A 720 million cap with fee burning

AVAX has a maximum supply of 720 million tokens. Staking rewards are minted from the remaining amount, so issuance can never push supply above that cap. Every transaction fee on the network is burned, which removes AVAX from circulation for good. AVAX also serves as a common unit of account across the Avalanche L1s that connect to the Primary Network. Because of the burn, busier network periods remove more AVAX from circulation.

Competition and other risks

Avalanche competes with many smart contract platforms for developers, users and liquidity. Success for an individual Avalanche L1 does not always translate into demand for AVAX itself, especially when that L1 uses its own token. Bridging assets between chains adds smart contract risk, and the AVAX price has seen large drawdowns in past cycles.

Sources: AVAX token (Avalanche docs), Primary Network (Avalanche Builder Hub), Etna: enhancing the sovereignty of Avalanche L1 networks (Avalanche blog)

Last reviewed: Oct 8, 2026

Avalanche (AVAX) FAQ

What is Avalanche (AVAX)?

Avalanche is a layer-1 blockchain platform for smart contracts and custom blockchains. AVAX is its native token, used for fees, staking and as a common unit of account. Avalanche is known for fast finality and for Avalanche L1s, which let projects run their own chains. The network launched in 2020 and is developed largely by Ava Labs.

How does Avalanche work?

Avalanche validators reach agreement by repeated random sampling. Each one keeps polling small random groups of peers until the network agrees. Its Primary Network has three chains: the X-Chain for assets, the P-Chain for validators and the C-Chain for Ethereum-compatible smart contracts. Projects can also launch their own Avalanche L1s.

Who created Avalanche?

The Avalanche consensus protocol was introduced in 2018 by a pseudonymous team called Team Rocket. Ava Labs, founded by Cornell computer scientist Emin Gün Sirer together with Kevin Sekniqi and Maofan "Ted" Yin, developed the network and launched the mainnet in September 2020. The Avalanche Foundation supports ecosystem growth.

What is the price of AVAX today?

AVAX is currently trading at about $8.7484 on FMchart's composite price. In the last 24 hours, roughly $43.60M of AVAX traded across the exchanges in FMchart's composite. The composite blends several major exchanges into one US-dollar value, so any single platform may differ slightly.

What is Avalanche's market cap and supply?

Avalanche's market capitalization is about $3.88B, and AVAX currently ranks 27 by market value. About 443,947,698 AVAX are circulating, under a hard cap of 720 million. Staking rewards add new tokens while fees are burned, so supply changes slowly; most daily swings in market cap come from price.

What is AVAX's all-time high?

AVAX's all-time high is $144.96, reached on Nov 21, 2021. Its price has moved through deep drawdowns and strong rallies across market cycles. A record high is a point in history, not a forecast. The "From ATH" figure in the Price Statistics panel shows how far today's price sits below that peak.

How has Avalanche performed month to month?

In FMchart's composite price history (since September 2021), AVAX's best month is November 2023 (+88.7%), and its worst is May 2022 (-53.7%). It closed the year higher in 1 of 4 full calendar years. The Quarterly Closing Price (USD) table shows where each quarter ended, while Monthly Returns (USD) lists every month. Past returns do not predict future ones.

What is an Avalanche L1?

An Avalanche L1 is an independent blockchain built with Avalanche technology, with its own rules and validators. They were called subnets until the Etna upgrade in December 2024. Since Etna, L1 validators no longer need to stake 2,000 AVAX on the Primary Network; they pay a small continuous fee instead, which lowers the cost of launching a chain.

Is AVAX a good investment?

FMchart does not provide investment advice. Avalanche offers fast finality and a flexible model for custom chains, but demand for AVAX depends on real activity across its ecosystem. The main risks are strong competition from other platforms, Avalanche L1s that do not use AVAX, bridge exploits and the token's high volatility.

What drives the price of Avalanche?

On-chain activity is a major driver of the Avalanche price. Usage of the C-Chain and Avalanche L1s, staking demand, the amount of fees burned and token unlocks all matter, along with broader crypto sentiment. Announcements of institutional or real-world-asset projects on Avalanche can draw attention, while competition from other platforms weighs on demand.