$AVAX
native asset
Layer 1 Multichain Platform with Subnet Architecture
$AVAX is the native token of the Avalanche blockchain, a Layer 1 smart contract platform built for high throughput, sub-second finality, and customizable scaling via subnets. Avalanche uses a unique consensus protocol called Snowman and features multiple interoperable chains ÔÇö the X-Chain (exchange), P-Chain (platform), and C-Chain (contracts). $AVAX is used for staking, governance, transaction fees, and securing validator operations across the network and its subnets.
Use Case: $AVAX is used to secure the Avalanche network through staking, pay gas fees on smart contracts, and enable new custom blockchain deployments through subnets.
Key Concepts:
- Subnets ÔÇö Customizable blockchain networks anchored to Avalanche.
- X/P/C-Chains ÔÇö Separate chains for exchange, platform coordination, and contracts.
- Snowman Consensus ÔÇö Linear chain consensus optimized for smart contracts.
- EVM Compatibility ÔÇö Supports Ethereum tools and contracts.
- Staking ÔÇö Validators and delegators earn rewards while securing the network.
Summary: $AVAX powers the Avalanche ecosystem ÔÇö a modular Layer 1 network that supports high-speed DeFi, scalable app chains, and seamless Ethereum interoperability. Through its subnet architecture and efficient consensus, Avalanche enables institutions, developers, and users to build tailored blockchain environments.
| Feature | Details |
|---|---|
| Consensus | Snowman (linear, fast-finality) |
| Chain Structure | X-Chain, P-Chain, C-Chain |
| Scalability | Custom subnets for app-specific chains |
| Compatibility | EVM-compatible smart contracts |
| Staking | Validator/delegator model with lock periods |