Avalanche
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Avalanche in numbers
Avalanche (AVAX) ranks #24 by market capitalization, at $4.60B. It belongs to the Networks sector (Layer-0). It has traded since Jul 24, 2020, across 181 markets on 61 exchanges, with $584.42M of volume in the last 24 hours. Its all-time high of $143.91 was reached on Nov 22, 2021; the current price is 94.3% below that peak. Its cycle low of $5.88 came on Jun 19, 2026.
61.7% of the maximum supply of 720.00M AVAX is in circulation. 92.6% of the token allocation has been unlocked. The next scheduled unlock is on Nov 8, 2026. 22 investors are recorded as backers, including Polychain Capital, Dragonfly, CMS Holdings. Development data lists 45 core developers and 80,980 code commits. It is available on 9 networks.
About Avalanche
Avalanche is a blockchain and protocol that enables the deployment of decentralized applications and custom blockchain networks called Subnets. Subnets operate independently with their own validators, rules, and tokenomics while relying on Avalanche’s validator set for security. The platform supports interoperability through Avalanche Warp Messaging for cross-chain communication.
Background
Avalanche began as a new family of consensus protocols first introduced in May 2018 by a pseudonymous group called "Team Rocket." Cornell Professor Emin Gun Sirer and MaoFan “Ted” Yin, later co-founders of Ava Labs, helped formalize these protocols (referred to as Snowflake, Snowball, and Avalanche), eventually creating Avalanche. The project was developed in stealth until May 2019, when the project team began open-sourcing some of its work for testing purposes.
After several testnet releases from April to August 2020, the Avalanche mainnet eventually went live on Sept. 21, 2020, featuring three interconnected layers: the Platform Chain (P-Chain), Exchange Chain (X-Chain), and Contract Chain (C-Chain). At launch, the network supported EVM-compatible smart contract execution and development tools through the C-Chain, as it is a fork of the Go Ethereum (Geth) protocol.
Avalanche’s Continued Development
The project team continues to update the protocol and develop smart contracts for future Avalanche capabilities. The project has also been open-sourced on GitHub, where the latest developments can be followed. Based on a commercially reasonable search, a full roadmap for the project has not been published. Still, plans are in place to iteratively push network updates, such as Banff, Cortina, Apricot, and Avalanche Go.