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AVAX

Avalanche

AVAX

Live Avalanche price in India

₹3,059.21

11.37%

Currency

Avalanche Market Insights

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Fully Diluted Market Cap

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Volume 24H

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1 Avalanche equals to 3,059.21 INR

As of Invalid Date

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Things to know about Avalanche

What is Avalanche (AVAX)?

Avalanche is a layer-one blockchain serving as a decentralized app and custom blockchain platform with smart contract functionality. It competes with Ethereum for smart contract dominance. With a remarkable transaction output of up to 6,500 per second, Avalanche aims to surpass Ethereum's scalability without compromising performance. Its unique architecture includes three blockchains: X-Chain, C-Chain, and P-Chain, each designed for specific purposes with different consensus mechanisms. Since its mainnet launch in 2020, Avalanche has cultivated a thriving ecosystem with DApps and DeFi integration, even fostering interoperability with Ethereum through bridge development.

Things to consider before buying Avalanche

It directly competes with Ethereum, the second largest cryptocurrency by market cap.

Avalanche is on the more expensive side for regular investors

It uses the Avalanche consensus mechanism.

It has good institutional adoption.

AVAX is very scalable.

According to DefiLlama, in August 2023, The TVL of Avalanche is $608.15m.

According to Coinmarketcap, in August 2023, More than 346 million out of 720 million AVAX is in circulation.

Reasons to buy Avalanche (AVAX)

Avalanche is fast and scalable. It competes with Ethereum.

The platform supports high trading volume.

Transactions are fast on Avalanche. (around 4500 transactions per second)

It can support other dApps.

It has an innovative reward structure that incentivizes holders to participate

Interoperable with Ethereum through a bridge.

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Pratik Poddar

Pratik Poddar

Partner, Nexus Venture Partners

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Rahul Arkram

Rahul Arkram

Partner, Nexus Venture Partners

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Frequently asked questions about buying AVAX in India

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