Avalanche, the latest staking network to launch, already has more than $1 billion staked

Quick Take

  • Avalanche (AVAX) is the latest proof-of-stake network to come to the marketplace, officially launching last Monday.
  • The networks C-Chain was made EVM-compatible in order to attract Ethereum developers, allowing them to switch over with little friction.
  • The recently launched PoS blockchain has roughly 234 million AVAX or slightly more than $1 billion staked across 491 validators.
Avalanche (AVAX) is the latest proof-of-stake (PoS) network to come to the marketplace, officially launching last Monday. Developed by AVA Labs, the team raised a total of $60 million across three separate sales. In its largest and final sale in July, AVA Labs raised $42 million from the public in just under 4.5 hours.  The […]

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