September 28, 2020, 6:22PM EDT
• 2 min read

Avalanche, the latest staking network to launch, already has more than $1 billion staked

Quick Take

  • 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.

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