Avalanche (AVAX) is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It's designed to unseat Ethereum as the most popular blockchain for smart contracts by having a higher transaction output of up to 6,500 transactions per second without compromising scalability ¹.$AVAX

The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain, and P-Chain. Each chain has a distinct purpose, and they use different consensus mechanisms based on their use cases. This unique architecture enables higher throughput without compromising decentralization ¹.

*Key Features:*

- *Scalability*: Up to 6,500 transactions per second

- *Decentralization*: Three individual blockchains with distinct purposes

- *Interoperability*: Supports bridges between its ecosystem and Ethereum

- *Consensus Mechanism*: Directed acyclic graph (DAG) protocol

*Token Information:*

- *Total Supply*: 720 million AVAX

- *Circulating Supply*: 406,349,826 AVAX

- *Market Capitalization*: $10.6 billion ¹

*Use Cases:*

- *Decentralized Applications*: Supports DApps and DeFi projects

- *Custom Blockchain Networks*: Enables creation of private blockchains

- *Staking*: Offers annual rewards of 11.57% for staking AVAX

Avalanche has gained traction since its mainnet launch in 2020, with various Ethereum-based projects integrating with the platform. Its unique architecture and focus on scalability make it an attractive option for developers and investors ¹.