Avalanche (AVAX) is the native cryptocurrency of the Avalanche network, a blockchain designed for fast transaction finality and the ability to launch custom chains. AVAX is used to pay fees and to take part in staking.

What it is used for

The network aims to combine speed with flexibility, letting developers build applications and their own connected blockchains, sometimes called subnets.

Things to keep in mind

Like any crypto asset, the value of AVAX can rise or fall sharply, and its usefulness depends on adoption of the network.