Avalanche AVAX

What AVAX actually is on-chain

For AVAX the project publishes a whitepaper, a public source repository and an active account as @avax. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where AVAX sits in the market

At #27, Avalanche sits in the middle of the large-cap band. This is the part of the table capital rotates through first: when the leaders stall, money moves down into names like AVAX, and when risk comes off it leaves here before it leaves the top ten. Spot spreads stay tight through both legs of that cycle; derivative funding does not, and perp basis is usually the earlier signal.

CryptoPingAi is currently streaming 10 live AVAX order books (Binance, Bybit, OKX, Coinbase, Gate.io, MEXC…). That is wider coverage than most assets ranked near #27 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. Coinbase carries it, so AVAX is reachable from a regulated US venue — that widens the participant set and tends to keep the quote honest during US hours specifically. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

AVAX against its all-time high

AVAX trades 94.1% below its $144.96 record (on 2021-11-21), which puts a 16.9x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

AVAX across its historical range

The recorded range runs 51.8x, from $2.80 to $144.96 — wide by the standards of traditional assets, moderate for this one's class.

AVAX trades roughly 3.07x above its record low of $2.80 (on 2020-12-31). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

AVAX supply structure

AVAX is capped at 720.0 million AVAX, of which only 431.8 million is circulating — 60.0% issued, leaving 288.2 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset AVAX is

Avalanche is a base-layer network, so AVAX is simultaneously the chain's security budget and its unit of account rather than a claim on a business. Its ecosystem is real but mid-sized — 256 tracked tokens carry the tag — which puts it in the contested middle of the layer-1 field, where the risk is not failure but stagnation: losing developer share to a larger chain is a slow process that rarely shows up in a single price move. It is secured by proof of stake, so a portion of the supply is bonded to validators at any moment and the float genuinely available to trade is smaller than the circulating figure implies; unstaking queues, not order books, set how fast that can change.

CoinGecko files AVAX under 10 categories, including Layer 1 (L1), Avalanche Ecosystem, Proof of Stake (PoS), DragonFly Capital Portfolio, DeFiance Capital Portfolio. Worth flagging from the metadata: AVAX appears in the Andreessen Horowitz (a16z) portfolio, and is tracked in the GMCI Layer 1 Index.

How to set a Avalanche alert that is worth receiving

Avalanche (AVAX) — quoted on 10 venues we stream — high dated 2021-11-21 — rank #27. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →