AVAX / ZAR

AVAX is the native utility token of the Avalanche blockchain, a high‑throughput, low‑latency platform designed for decentralized applications, DeFi, and enterprise solutions. Launched by Ava Labs in September 2020, AVAX is used to pay transaction fees, secure the network through staking, and serve as a unit of account across Avalanche’s three interoperable sub‑networks (X‑Chain, C‑Chain, and P‑Chain).

The Avalanche network operates on a proof‑of‑stake consensus mechanism that can finalize transactions in under two seconds and supports thousands of transactions per second, positioning AVAX as a key asset for developers seeking scalable and interoperable blockchain infrastructure. The token’s supply is capped at 720 million AVAX, with a portion allocated for ecosystem incentives, validator rewards, and community initiatives.