Avalanche (Wormhole) Price AVAX
About Avalanche (Wormhole) (AVAX)
Avalanche is an open and programmable smart contract platform for building decentralized applications. The project was officially launched in 2020, aiming to create an interoperable and highly scalable ecosystem, so that developers, enterprises or individuals can easily create and deploy decentralized applications and enterprise blockchains.
Avalanche public chain has extremely high processing performance. Transactions can be confirmed within 10 seconds, which is 1 / 30 of that of Ethereum; Meanwhile, Avalanche is also the first smart contract platform to process more than 4,500 transactions per second and immediately confirm transactions, which is far more than approximately 14 times per second of Ethereum.
How does Avalanche (AVAX) Work?
Avalanche adopts a DAG optimized consensus protocol - high throughput, parallelizable and easy to prune.Avalanche consists of three public chains:
1. Exchange chain (X-Chain): responsible for creating assets and transactions
2. Platform chain (P-Chain): responsible for data, data and validation on the storage chain
3. Contract chain (C-Chain): responsible for smart contracts
Each of the three chains has its own functions, which can be converted across the chain, so that users can use assets more conveniently, and the system maintenance and resource allocation can be more detailed.
Avalanche nodes haves no means of miningno mining or voting to obtain new blocks. The deal is broadcast to the wider network, and then they "listen" and start voting. When nodes hear a transaction, they will vote to decide whether a transaction is "accepted". If not, they will mark it as "rejected". A seemingly benign transaction will be voted "accepted" by the validator. If there is a conflict, the transaction will be voted "rejected". This is the sum of them. When the validator sees a decision, he/she does not need to compare it with the nodes of the whole network. Instead, he/she randomly selects most of the N nodes to cooperate and confirms whether they agree or not. This process is like a snowball rolling down the mountain, and it will roll bigger and faster.
It is simple to understand that the validation process requires repeated sampling validation to ensure that enough nodes confirm the accuracy of high probability events.
If there is no transaction to vote, the nodes in the network do nothing except listen until they hear the new transaction. In short, Avalanche works smarter, not harder.
What is Avalanche (AVAX)?
AVAX is the native token of the Avalanche platform, which is used to protect the network and pay fees through staking. All fees settled by AVAX in the network will be burnt. AVAX has three main uses:1. Stake the AVAX held and become the validator. The validator can enjoy a certain percentage of annual percentage yield ((APY) and charge a certain percentage of management fees from the client.
2. As a token of the subnet, it helps to improve the interoperability of the subnet.
3. Used to pay trading fees and subnet subscription fees.
The total issuance volume of AVAX is 720 million, of which, staking mining accounts for 50%; Seed wheel account for 2.5% (10% of them are unlocked on the main net, and the remaining 22.5% are unlocked every three months); Private placement round account for 3.5% (10% of them are unlocked on the main net, and the remaining 22.5% are unlocked every three months); Public offering round account for 10%; Foundation account for 9.26%; Community and development donations account for 7%; Test network reward account for 0.27%; Strategic partners account for 5%; Airdrop account for 2.5% and Team account for 10%.
Avalanche (AVAX) Crypto Wallet
In addition to placing AVAX in the Gate.io exchange to facilitate trading, AVAX can also be placed in the crypto wallets.In the avalanche network environment, there is an official website wallet - Avalanche Wallet. Avalanche Wallet is a web-based application without intermediate software or any type of server communication. The wallet is written in Vue JS, which can be accessed online or compiled and run locally. The wallet is simple, secure and un-custodial for storing Avalanche assets.
Avalanche (Wormhole) (AVAX) Price Trends
Time period | Change amount | % Change |
---|---|---|
1H | $0.02658 | +0.1% |
24H | $0.3673 | +1.40% |
7D | $3.04 | +12.94% |
30D | $3.99 | +17.64% |
1Y | $16.88 | +173.69% |
Live Avalanche (Wormhole) (AVAX) Price Update
Avalanche (Wormhole) price today is $26.61 with a 24-hour trading volume of $31.58K, and as such Avalanche (Wormhole) has a market cap of --, giving it a market dominance of --. The Avalanche (Wormhole) price moved +1.40% in the last 24 hours.
Avalanche (Wormhole) reached its highest price on 2023-05-02 when it was trading at its all-time high of $574.58, while its lowest price was recorded on 2022-11-14 when it was trading at its all-time low of $0.1271. The current lowest price since the last cycle high was $0.1271, and the highest price since the last cycle low was $574.58. The social sentiment of Avalanche (Wormhole) is currently Positive.
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Avalanche (Wormhole) Tokenomics
Avalanche (Wormhole) Data Analysis
Fund Flow Percentage
Net Main Inflow
+$2.21M
Net Retail Inflow
+$28.92M
Market Sentiment
38.00
Main Inflow | 2.93% | $2.59M |
Main Outflow | 0.43% | $384.23K |
Retail Inflow | 64.63% | $57.27M |
Retail Outflow | 32.01% | $28.35M |
Fund Flow Analysis
Small Orders
Net Inflow ($)
+$28.92M
Medium Orders
Net Inflow ($)
+$1.64M
Large Orders
Net Inflow ($)
+$568.36K
Funds Flow Record
Transfer Time | Inflow ($) | Outflow ($) | Net Inflow ($) |
---|---|---|---|
2024-09-20 | 59.87M | 28.73M | 31.13M |
2024-09-19 | 127.47M | 68.11M | 59.36M |
2024-09-18 | 53.38M | 34.49M | 18.88M |
2024-09-17 | 57.55M | 30.44M | 27.11M |
2024-09-16 | 65.09M | 48.64M | 16.44M |
2024-09-15 | 50.09M | 28.26M | 21.82M |
2024-09-14 | 65.73M | 24.92M | 40.81M |
2024-09-13 | 74.14M | 38.84M | 35.29M |
2024-09-12 | 62.22M | 32.39M | 29.83M |
2024-09-11 | 60.81M | 47.84M | 12.96M |
2024-09-10 | 71.65M | 39.95M | 31.70M |
2024-09-09 | 72.87M | 45.65M | 27.22M |
2024-09-08 | 64.75M | 24.60M | 40.14M |
2024-09-07 | 80.65M | 28.62M | 52.03M |
Holding Distribution
Top 5 Address | Total |
---|---|
Others | 100.00% |
Avalanche (Wormhole) (AVAX) News
CoinDesk 20 Performance Update: AVAX Surges 12.8%, Pushing Index Higher
The CoinDesk 20 jumped 4.2% over the weekend with all but one asset in the green.
FOMO HOUR 186 - AVAX LEADS PUMP
BTC ETFs: +$65m, ETH ETFs: -$1m. Crypto stays range-bound ahead of Powell speech. Russia plans stablecoins of BRICS countries. El Salvador buys 162 BTC with daily buys. AVAX up 15% as Grayscale launches trust. Tron removes 12k BTC from USDD reserves. Trump promotes crypto DeFi project. Crypto half of corporate political donations. Tether abandons plan to launch its own blockchain. Sony backed L2 set to launch in weeks. Babylon launches BTC staking. CZ leaves prison for ‘halfway house’. PayPal & Anchorage partner for bank crypto rewards. Bitcoin mining market worth $74bn: JP Morgan. Bitfarms buys Stronghold in ‘strategic defence’.
CoinDesk 20 Performance Update: AVAX and NEAR Surge as Index Climbs 1.5%
AVAX leads with a 7.4% increase, closely followed by NEAR at 7.3%, lifting the index higher.
Grayscale launches investment fund for AVAX token
It joins Grayscale's suite of more than 20 crypto investment products.
Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche Trust
The provider of bitcoin and ether ETFs now offers more than 20 crypto investment products.
CoinDesk 20 Performance Update: AVAX and NEAR Lead as Index Gains 2.2%
Avalanche surged 6%, and NEAR followed with a 4.6% increase, as all but one asset posted gains.
Avalanche (Wormhole) (AVAX) Announcements
MoreGate.io Has Added Weekly and Biweekly ORDI ,AVAX Delivery Futures
Gate.io Supports Upcoming Avalanche (AVAX) Upgrade
Gate.io Supports Upcoming Avalanche (AVAX) Upgrade
Gate.io Added Support for Avalanche (AVAX) Contract Chain C-Chain
Regarding ETFs (DOT5S,CHZ3S,EOS5S,SOL3S,AVAX3S,CVC3S,SKL3S,GRT3S,NEAR3S,ETH5S) Reverse Split
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-09-20 | -- | 1.18K AVAX | $26.65 | N/A |
2024-09-19 | -- | 1.15K AVAX | $26.26 | $26.65 |
2024-09-18 | -- | 1.83K AVAX | $23.67 | $26.26 |
2024-09-17 | -- | 937.08 AVAX | $24.15 | $23.67 |
2024-09-16 | -- | 612.80 AVAX | $23.40 | $24.15 |
2024-09-15 | -- | 4.46K AVAX | $25.87 | $23.40 |
2024-09-14 | -- | 826.57 AVAX | $24.73 | $25.87 |
2024-09-13 | -- | 759.68 AVAX | $23.88 | $24.73 |