Buy AVAX in a few steps
Bitcoin, Ethereum, Tether, Solana, and more popular cryptoHow to buy AVAX (AVAX)
What is AVAX (AVAX)?
Developed by Ava Labs, Avalanche is a Layer-1 smart contract platform for building decentralized applications and custom private or public blockchains. With low transaction fees and fast processing times, the platform's native coin, AVAX, is designed to be highly scalable, allowing it to compete with other major blockchains such as Ethereum.
Avalanche achieves this with its unique architecture of three interoperable blockchains: the exchange chain, contract chain and platform chain. Each blockchain handles a subset of the computing tasks required to power the network with different consensus mechanisms, thus enabling higher throughput.
AVAX is used to pay network fees, for governance and staking, and as a medium of exchange between the different blockchains in the Avalanche ecosystem.
AVAX FAQ
- Cryptocurrencies, such as AVAX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as AVAX have been created as well.
- Check out our AVAX price prediction page to forecast future prices and determine your price targets.