Avalanche token token
Overview
AVAX is the native cryptocurrency of the Avalanche blockchain platform, used for transaction fees, staking, and on-chain governance. It also serves as a unit of account and payment method within the Avalanche ecosystem.
Within the DeFi Intel graph, Avalanche token connects to 3 tracked entities, most strongly to Avalanche, Bitwise Launches Avalanche ETF With In-House Staking, Sky Announces First Native Deployment of USDS, sUSDS on Avalanche.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Avalanche | 99% |
mentions | Bitwise Launches Avalanche ETF With In-House Staking | 95% |
mentions | Sky Announces First Native Deployment of USDS, sUSDS on Avalanche | 95% |
Frequently asked questions
What is Avalanche token?
AVAX is the native token of the Avalanche network, required for paying transaction fees, staking to secure the network, and participating in governance decisions.
How does AVAX staking work?
AVAX holders can delegate tokens to validators or run their own validator node to help secure the network, earning rewards in AVAX for their participation.
What is the supply model of AVAX?
AVAX has a fixed maximum supply, with transaction fees being burned to create deflationary pressure over time.
What is Avalanche token connected to?
In the DeFi Intel knowledge graph, Avalanche token is linked to 3 other tracked entities, most strongly to Avalanche, Bitwise Launches Avalanche ETF With In-House Staking, Sky Announces First Native Deployment of USDS, sUSDS on Avalanche.
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