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 the Avalanche token?
AVAX is the native cryptocurrency of the Avalanche blockchain platform, used for transaction fees, staking, and on-chain governance.
What are the uses of AVAX within the Avalanche ecosystem?
AVAX serves as a unit of account and payment method within the Avalanche ecosystem, in addition to being used for transaction fees, staking, and on-chain governance.
What recent events involve the Avalanche token?
Bitwise launched an Avalanche ETF with in-house staking, and Sky announced the first native deployment of USDS and sUSDS on Avalanche.