Avalanche (AVAX-USD) is a popular layer one blockchain created as an alternative to Ethereum. It belongs to a group of blockchains known as “Ethereum Killers” due to their potential to replace the number one smart contract platform and remedy some of its pitfalls.

Although Avalanche successfully addresses the blockchain trilemma, which prevents blockchains from achieving decentralization to a sufficient scale and results in high gas fees, as in Ethereum’s case, it has failed to replace the latter as the industry’s number one smart contract platform. However, it attracted some Ethereum-based projects, such as Sushi Swap and TrueUSD.

With a market cap of over $9 billion, Avalanche is one of the most prominent blockchains in the crypto industry. However, this year hasn’t gone particularly well for the layer one network. It has fallen by over 30% in the last month and is on a downward spiral in the market. With the bull run starting anytime soon, now might be a great time to sell the coin. $AVAX