AVAX to USD is the shorthand for describing the price of one AVAX (Avalanche) cryptocurrency token against the US dollar. AVAX is the native crypto token of Avalanche, a blockchain platform that supports smart contracts. Other ways of expressing the crypto to fiat pir include AVAX-USD and AVAX USD. Avalanche is promoted as one of the fastest smart contracts platforms in the industry, one that solves the fabled blockchain “trilemma” – scalability, security, and decentralization. While Avalanche is positioned as an alternative to Ethereum for building smart contracts, its ecosystem tends to be a little narrower, mainly focusing on DeFi (decentralized finance) projects. AVAX is used to power transactions within the ecosystem by facilitating transactions, while also doubling up as governing token to allow holders to shape the future direction of the project. Trading AVAX/USD is available on eToroX, alongside a huge list of other popular cryptoassets. All crypto on eToroX is available to buy and sell with very low fees.
As a pioneer of the fintech industry, eToro has empowered millions around the world with access to financial assets for trading and investing. However, to meet the demands of the maturing cryptocurrency market, eToro decided to launch a professional crypto exchange – eToroX. Using cutting-edge technology developed for cryptocurrency experts, eToroX gives you access to a huge range of benefits for crypto trading. eToroX is licensed by the GFSC (Gibraltar Financial Services Commission) and uses next-gen security procedures to secure your cryptoassets. Whether you wish to buy and sell AVAX-USD or explore our other cryptoassets, eToroX provides the dedicated cryptocurrency features and services you need to trade crypto as a professional.
The origins of Avalanche can be traced back to a 2018 article by “Team Rocket” that outlined the principles of the Avalanche protocol. That publication led to the creation of AVA Labs and the ICO for AVAX in July 2020, the latter of which raised $42 million. It’s important to note that AVA Labs has managed to attract several large quantities of investment since, including a $230 million raise through a token sale in 2021. Some of the reasons that investors have poured money into Avalanche is its claim to address and improve issues related to speed, scalability, and the high costs of transactions. Yes, many blockchain projects claim they solve the blockchain “trilemma,” but Avalanche’s unique version of the Proof of Stake mechanism has allowed it to claim it is the fastest in terms of speed. Others will contest that point, but the claim has certainly helped create a lot of interest in the AVAX token, as it powers this popular platform for DeFi projects. Hundreds of major projects have already launched on Avalanche, helping to position AVAX as one of the most important cryptocurrencies today.
Avalanche has generated a lot of investment from those who see it both as an Ethereum alternative and its own unique blockchain project. AVAX recorded its all-time high (current at the time of writing) of just over $146 in November 2021. And while it endured a difficult first half of 2022 like many of its fellow cryptocurrencies, it remains a high-valuable token worth many times it’s all-time low of $2.79 (recorded in December 2020). The market cap for AVAX approaches $13 billion at the time of writing, and it is firmly within the top cryptocurrencies in terms of trading volumes. In short, Avalanche and AVAX are hugely integral to the maturing cryptocurrency market, and many investors see a bright future as the world begins to embrace DeFi. Ready to trade AVAX USD? You can get all the tools you need to trade AVAX successfully right here on eToroX. Get the latest AVAX coin to USD price analysis, find helpful price analysis including an AVAX to USD converter, and discover all the resources you need to buy and sell AVAX with confidence on the eToroX professional crypto exchange.
eToroX was launched as an exchange to offer a full suite of cryptocurrency trading services to professionals and institutional-level traders. As such, you can find resources and benefits that have been custom designed to benefit those who trade cryptocurrency regularly and at high volumes. Traders can take full advantage of eToroX’s unique fee system, taker-maker, which reverses the maker-taker model. There are no fees or deposits on eToroX, and traders can instantly get access to a range of advanced order types to hone their crypto trading strategy. Alongside AVAX, eToroX offers a huge list of cryptocurrencies. Start buying and selling cryptoassets like AVAX/USD now on eToroX, a crypto exchange created by trading experts to serve professional crypto traders.