$AVAX USD CM Perp, which refers to Avalanche $AVAX  a prominent cryptocurrency. 

Avalanche (AVAX):

AVAX is the native token of the Avalanche blockchain platform, known for its high transaction speed and scalability. 

Purpose:

AVAX is used for paying transaction fees, staking to secure the network, and fueling custom blockchain operations within the Avalanche ecosystem. 

Key Features:

Avalanche uses a unique consensus mechanism for fast transaction finality, supports the Ethereum Virtual Machine (EVM), and offers low transaction fees. 

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$AVAX