Layer 1
Avalanche (AVAX)
AVAXData: Coinbase · updated 9/6/2026, 1:02:17 PM
What Avalanche does
- Lets developers launch custom blockchains ('subnets') tailored to specific applications
- Supports DeFi, gaming, and enterprise use cases across its ecosystem
- AVAX is staked by validators to help secure the network and is used to pay fees
- Uses a consensus protocol designed for fast finality on transactions
Risks to know
- Ecosystem and total value locked are smaller than more established competitors like Ethereum
- Subnet architecture adds complexity that can be harder for new developers to navigate
- Validator hardware and staking requirements can favor larger, more resourced participants
- Faces intense competition from other layer-1 platforms targeting similar use cases
Where to trade AVAX
Top-rated exchanges by CompareCEX Score. Check the exchange's market list for AVAX availability before depositing.
Frequently asked questions
What is an Avalanche 'subnet'?
A subnet is a custom, purpose-built blockchain that runs on Avalanche's infrastructure but can have its own rules, validators, and virtual machine, letting developers tailor a chain to a specific application while still connecting to the broader Avalanche network.
What is AVAX used for?
AVAX is used to pay transaction fees on the Avalanche primary network and can be staked with validators to help secure the network in exchange for staking rewards.
When did Avalanche launch?
Avalanche's mainnet launched in September 2020, developed by Ava Labs.
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