Avalanche (AVAX) One Day Volume Hits $306.05 Million

Avalanche (AVAX) traded 0.2% lower against the U.S. dollar during the 24 hour period ending at 20:00 PM Eastern on August 25th. In the last seven days, Avalanche has traded up 30% against the U.S. dollar. One Avalanche coin can currently be bought for approximately $27.03 or 0.00042076 BTC on popular exchanges. Avalanche has a total market capitalization of $10.94 billion and approximately $306.05 million worth of Avalanche was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded down 1.4% against the dollar and now trades at $4.98 or 0.00007753 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $8.58 or 0.00013356 BTC.
• Cronos (CRO) traded down 2.5% against the dollar and now trades at $0.0887 or 0.00000138 BTC.
• Hedera (HBAR) traded 1.9% lower against the dollar and now trades at $0.0591 or 0.00000092 BTC.
• Cosmos (ATOM) traded down 4.6% against the dollar and now trades at $5.09 or 0.00007918 BTC.
• Fetch.ai (FET) traded 8% higher against the dollar and now trades at $1.36 or 0.00002122 BTC.
• Algorand (ALGO) traded 2.7% lower against the dollar and now trades at $0.14 or 0.00000222 BTC.
• Akash Network (AKT) traded 0.7% lower against the dollar and now trades at $2.77 or 0.00004300 BTC.
• Theta Fuel (TFUEL) traded down 5.3% against the dollar and now trades at $0.0632 or 0.00000098 BTC.
• Kava (KAVA) traded down 2.1% against the dollar and now trades at $0.36 or 0.00000568 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,842,983 coins and its circulating supply is 404,839,883 coins. The official website for Avalanche is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board is medium.com/avalancheavax.

According to CryptoCompare, “Avalanche (AVAX) is an open-source smart contracts platform launched in September 2020, known for its high scalability and rapid transaction finalization (sub-one second). Developed under the leadership of Dr. Emin Gün Sirer, it’s a robust platform for decentralized finance (DeFi) and enterprise blockchain solutions. The network can handle over 4,500 transactions per second and offers enhanced security against 51% attacks. Compatible with Ethereum’s development toolkit, Avalanche allows for easy interoperability and supports millions of independent validators as full block producers. It is also eco-friendly, catering to Web3 developers. The AVAX token serves multiple roles within the network, including transaction fees and network security. With the ability to host decentralized applications (dApps) and custom blockchains, Avalanche offers a versatile, high-performance ecosystem for developers, investors, and enterprises alike.”

Buying and Selling Avalanche

It is usually not possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView