Avalanche (AVAX) ❄️
Avalanche, launched in 2020 by Ava Labs, is a high-performance blockchain platform that aims to deliver unparalleled speed, security, and decentralization. It utilizes a novel consensus mechanism called the Avalanche consensus protocol, which allows for fast transaction finality and high throughput.
AVAX is the native token of the Avalanche ecosystem, used for transaction fees, securing the network through staking, and participating in governance. Avalanche's architecture, composed of multiple blockchains (X-Chain, C-Chain, P-Chain), provides flexibility for developers to build custom blockchains and dApps, making it a strong contender in the DeFi and NFT spaces.$AVAX
