$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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