Bubble
Avalanche AVAX
Avalanche (AVAX) was trading at $6.49, ranked #26 by market cap at $2.80B, with 24h volume of $112.14M.
Data snapshot: 2026-07-22 18:00 UTC.
Avalanche is a layer-1 blockchain launched in 2020 by Ava Labs, built around a novel consensus protocol that aims for near-instant transaction finality while supporting custom app-specific blockchains called subnets. AVAX is used for staking, transaction fees and securing the network's primary chain, and the subnet architecture has made it popular for gaming and institutional blockchain deployments. Avalanche separates its network into distinct chains for exchange, contracts and platform functions, and lets teams launch their own subnets with custom rules and validators. That has made it attractive to institutions and to games that want their own execution environment rather than shared block space. For a market map the useful comparison is against other smart-contract Layer 1s of similar size: AVAX tends to move with that group, while subnet-specific activity — being off the main chain — does not always show up in AVAX's own price the way ecosystem growth shows up for chains that route everything through one token.
What is a subnet?
A separate network with its own validators and rules that still connects to Avalanche. It lets a project run dedicated block space instead of competing for shared capacity.
What is AVAX used for?
It pays fees on the primary network, is staked by validators, and must be staked by subnet validators, so demand is tied partly to how many networks are running.
Why does Avalanche use several chains instead of one?
Each chain is specialised — one for asset transfers, one for smart contracts, one for coordination — so each can be optimised rather than compromising on a single design.
How does AVAX compare with other Layer 1 coins here?
It sits in the Layer 1 group on this map. The comparison table above shows where it ranks by market cap against the chains nearest to it, which is what determines relative bubble size.
Market cap decides how big a bubble is drawn, so rank is what places AVAX on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #24 | Sui (SUI) | $3.08B |
| #25 | Hedera (HBAR) | $3.06B |
| #26 | Avalanche (AVAX) | $2.80B |
| #32 | NEAR Protocol (NEAR) | $2.48B |
| #57 | Internet Computer (ICP) | $1.14B |