【AVAX / Avalanche】

Market capitalization: 1.68 trillion

On June 25, AVA Labs, the developer of the Avalanche blockchain, reported the completion of the private sale of its AVAX token. The company raised $12 million.

Avalanche is a consensus algorithm that is different from the PoW used by Bitcoin and Ethereum, and is expected to achieve faster transaction processing.

It is said to be theoretically possible to run a network with thousands or millions of nodes while maintaining security.

It is highly compatible with Ethereum.

Avalanche's high compatibility with Ethereum could lead to an explosive rise in token prices.

The high transaction speed of Avalanche will be a killer for Ethereum, and if many Defi projects on Ethereum use Avalanche, Defi services will become practical.

The processing speed is 4,500 transactions per second.

Avalanche is available for purchase on Binance.

Official website : https://info.avax.network/#about