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Avalanche

AVAX Launched 2020 source

Launch

• Ava Labs was founded in 2018; the Avalanche mainnet launched in September 2020. primary source source

Founders and creators

• The Avalanche consensus protocol was first described in a May 2018 whitepaper published pseudonymously under the name "Team Rocket". secondary source source

Origin story

• The Avalanche consensus protocol was first described in a May 2018 whitepaper published pseudonymously under the name "Team Rocket". secondary source source

Stated purpose

• Subnets aims to bring application-specific networks to the broader Avalanche ecosystem. secondary source source

Consensus mechanism

• In April 2023, the Cortina upgrade migrated the X-Chain from the DAG-based Avalanche consensus protocol to the linear Snowman++ protocol. secondary source source

Supply model

• The total supply of AVAX is 720 million. secondary source source

Main uses today

• Avalanche Native Tokens, created on the X-Chain, can represent real-world resources such as equity or bonds; AVAX itself is traded on the X-Chain. primary source source

Key milestones

• In April 2023, the Cortina upgrade migrated the X-Chain from the DAG-based Avalanche consensus protocol to the linear Snowman++ protocol. secondary source source
• The Avalanche9000 upgrade, whose technical core was the Etna network upgrade, activated on mainnet on 16 December 2024. secondary source source

Notable events and controversies

• In July 2020, Avalanche raised $42 million in less than five hours during the first public sale of its token. secondary source source

Sources & studies

1. avax.network
2. en.wikipedia.org
3. coinmarketcap.com
4. build.avax.network

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.