September 28, 2020, 6:22PM EDT
• 2 min read
Avalanche, the latest staking network to launch, already has more than $1 billion staked
- 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.