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Avalanche

AVAX
OG Rank: 16
Market Cap Rank: 13 ($11.38B)
ACTIVE
About

Avalanche is a high-efficiency smart contract platform leveraging a proof-of-stake protocol and a unique Subnet structure, offering customizable blockchains.. Learn More

Category
Galaxy Digital Portfolio GMCI 30 Index
Founder
Emin Gün Sirer
AVAX Price

$28.03

24h 1.90%
7d -26.00%
All time low ($2.8)
($144.96) All time High

OG Score

Based on 2 OG evaluation

TBA

...

LINKS

Web Site
Explorer
Social

OGAudit Evaluation Points

66.59
84.95
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
80.50
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
73.20
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
84.90
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
61.40
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
65.90
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
82.85
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
53.55
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
58.60
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
20.00
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?
66.59
84.95
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
80.50
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
73.20
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
84.90
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
61.40
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
65.90
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
82.85
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
53.55
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
58.60
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
20.00
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?

OG REVIEWS

Latest OG Reviews
Critic Wallet No:xxxx-766d3
15/07/2024 19:33
AVAX @ $27.08
There have been no major developments since subnets. They have been passive on education and marketing lately. I believe AvaLabs team is talented. Avalanche could be a more powerful and decentralized blockchain
60.09
CryptoApe Wallet No:xxxx-5f294
09/05/2024 13:07
AVAX @ $33.96
Avalanche is an EVM-compatible Layer1 smart contract platform. To compete with Ethereum Layer 2 projects, which have become cheaper after the latest Ethereum update, AvaLabs may need to reduce its fees to catch up. Avalanche offers subnet solutions which are economic for small-scale projects, even though it sacrifices a bit of security. Still, it is one of the few projects that places great importance on its ecosystem and community. Imo they're successful in advertising. So $Avax price soared greatly since 2020
73.08
High Ratings
Critic Wallet No:xxxx-766d3
15/07/2024 19:33
AVAX @ $27.08
There have been no major developments since subnets. They have been passive on education and marketing lately. I believe AvaLabs team is talented. Avalanche could be a more powerful and decentralized blockchain
60.09
CryptoApe Wallet No:xxxx-5f294
09/05/2024 13:07
AVAX @ $33.96
Avalanche is an EVM-compatible Layer1 smart contract platform. To compete with Ethereum Layer 2 projects, which have become cheaper after the latest Ethereum update, AvaLabs may need to reduce its fees to catch up. Avalanche offers subnet solutions which are economic for small-scale projects, even though it sacrifices a bit of security. Still, it is one of the few projects that places great importance on its ecosystem and community. Imo they're successful in advertising. So $Avax price soared greatly since 2020
73.08
Low Ratings

Avalanche Price

Price Statistics

Avalanche Price $28.03
24h Low / 24h High $26.86 / $ 28.01
Market Cap Rank #13
Market Cap $ 11.38 B
Circulation Supply $ 405.97 M
Total Supply $ 445.97 M
Max Supply $ 720.00 M
All Time High $ 144.96
All Time Low $ 2.8
ICO/IDO Price 1.111

Avalanche Markets

Exchange Pair Og Score TBA 24h Volume

About Project

What is Avalanche (AVAX)?

Avalanche is a smart contract blockchain platform with high transaction efficiency that enables the launch of decentralized applications (dApps) and custom blockchain networks. Supported by validators ensuring network security through delegated proof-of-stake consensus protocol, the platform expanded significantly post its Mainnet launch in 2020, accommodating thousands of projects and highlighting its DeFi applications.

Avalanche allows the creation of customizable blockchains, termed Subnets, leveraging a subset of the existing primary validator set to secure the network. These Subnets operate independently, each with its own tokenomics, rules, and validators, distinct from the Avalanche Primary Network formed by the P-, X-, and C-Chains. Its unique architecture incorporates three distinct blockchains – X-Chain, C-Chain, and P-Chain – utilizing different consensus mechanisms, diverging from Bitcoin and Ethereum's approach of all nodes validating all transactions.

Distinguishing itself from Ethereum, Avalanche aims for high transaction throughput while continually enhancing its features through integration with DeFi and Ethereum-based projects. The AVAX token within the Avalanche ecosystem is utilized for paying network fees and staking, offering a unique structure to resolve scalability, interoperability, and usability challenges.

What is unique about Avalanche (AVAX)?

Avalanche stands out for its customizable Subnets, distinct consensus mechanisms across its X-Chain, C-Chain, and P-Chain, facilitating high throughput, scalability, and independence among its interconnected blockchains.

Who are the founders of Avalanche (AVAX)?

Avalanche was founded by Emin Gün Sirer, Kevin Sekniqi, and Maofan "Ted" Yin.

Who are the backers/investors of Avalanche (AVAX)?

Polychain Capital, DragonFly Capital, Galaxy, Andreessen Horowitz (a16z), HashKey Capital, Balaji Srinivasan, NGC Ventures, CMS Holdings, DeFiance Capital, Republic, Continue Capital, Fifth Era, Initialized Capital, Collab+Currency, Moonwhale Ventures, Naval Ravikant, Muhabbit Capital, Bitmain, Gains Associates, Metastable Capital, Lvna Capital, Ramtin Naimi, Three Arrows Capital.

What is the consensus mechanism of Avalanche (AVAX)?

Avalanche uses a proof-of-stake consensus protocol with a network of validators to secure its platform and validate transactions across its distinct blockchains.

Where can I buy Avalanche (AVAX)?

 

What are Avalanche (AVAX) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Avalanche AVAX. To access these ratings, evaluations, and comments, click here.

How to mine Avalanche (AVAX)? How can I stake Avalanche (AVAX)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Avalanche (AVAX)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Avalanche (AVAX) is ($405,967,208), max supply of Avalanche  AVAX is ($720,000,000) and the market cap of Avalanche  AVAX is ($11,379,936,263). 

What is the Avalanche (AVAX) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Avalanche (AVAX)?

The current market price of Avalanche (AVAX) is $28. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Avalanche (AVAX) a good investment?

It is important to do comprehensive research before deciding whether Avalanche (AVAX) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Avalanche AVAX) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Avalanche (AVAX) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Avalanche (AVAX) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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