Avalanche is a smart contract platform that achieves high throughput through a novel Avalanche consensus mechanism. It supports custom blockchains called Subnets, making it attractive for enterprise and gaming. Its C-Chain is EVM-compatible, allowing Ethereum dApps to deploy easily.
2020
Avalanche mainnet launches after $42M public sale
2021
AVAX surges 3,000%; DeFi ecosystem booms on C-Chain
2022
Avalanche launches Subnet framework for custom blockchains
2023
Multiple gaming and enterprise chains launch as Avalanche Subnets
DeFi, enterprise blockchain, gaming, tokenisation of assets
💡 Did You Know
Avalanche's consensus mechanism can finalise transactions in under 1 second — faster than Visa's average settlement time
⚠ Controversies & Red Flags
Avalanche has been criticised for heavy token insider allocations and concentration of validator nodes among large stakers.