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Avax is the native cryptocurrency of the Avalanche platform. Avalanche is an open, fast and scalable blockchain protocol. Avax is used to process blockchain transactions using the Avalanche protocol.
Avax is used to transfer value between users on the Avalanche network. To pay network fees and enjoy various services on the network, users use Avax. Avalanche stands out by offering faster transaction times and lower fees compared to other blockchain protocols.
Avax can be traded on various crypto exchanges and bought and sold on cryptocurrency exchanges. With developments on the Avalanche network and adoption of the protocol, the value and usage of Avax may increase.
