Convert and Swap Avalanche AVAX to Australian Dollar AUD
AVAX/AUD: 1 Avalanche equals A$57.90 AUD
Last update: 8:29 AM, December 23, 2024
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Avalanche is falling this week.
The current price of Avalanche is A$57.90 per AVAX. With a circulating supply of 409,832,552.132 AVAX, it means that Avalanche has a total market cap of A$23,848,513,001.76. The amount of Avalanche traded has fallen by A$108,309,556.67 in the last 24 hours, which is a 12.21% decrease. Additionally, in the last day, A$887,354,513.00 worth of AVAX has been traded.
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About Avalanche
Avalanche describes itself as an open, programmable smart contracts platform for decentralized applications. AVAX is used to pay transaction fees and can be staked to secure the network. Avalanche is compatible with Solidity, Ethereum’s programming language, and can be used to deploy custom private or public blockchains as “subnets.”
Avalanche (AVAX) is a layer one blockchain platform designed to serve as a foundation for decentralized applications and custom blockchain networks. It is a competitor to Ethereum, striving to become the preferred blockchain for smart contracts by offering a higher transaction output of up to 6,500 transactions per second without compromising scalability. The Avalanche network is composed of three individual blockchains: the X-Chain, C-Chain, and P-Chain, each serving a distinct purpose. This unique architecture allows Avalanche to handle different consensus mechanisms based on their use cases, enhancing its efficiency and interoperability with other blockchains.
Avalanche operates through its unique architecture consisting of three individual blockchains. The Exchange Chain (X-Chain) is used to create and exchange the native AVAX tokens and other assets. The Contract Chain (C-Chain) hosts smart contracts and decentralized applications, while the Platform Chain (P-Chain) coordinates network validators and enables the creation of new subnets. Each chain uses a different consensus mechanism tailored to its specific requirements. The Avalanche consensus mechanism employed by the X-Chain and the Snowman consensus mechanism used by the C-Chain and P-Chain allow for simultaneous transaction processing and validation, ensuring transaction correctness with statistical certainty.
Avalanche aims to provide a platform for a wide range of decentralized applications (DApps) and decentralized finance (DeFi) projects. It seeks to enhance interoperability between its ecosystem and Ethereum, facilitating the integration of Ethereum-based projects. Avalanche's unique architecture allows for the creation of private blockchains on the network, which could require validators to be geographically decentralized or comply with certain regulations. This modular structure enhances Avalanche's interoperability with other blockchains wishing to integrate with its ecosystem. Furthermore, Avalanche's high transaction output and scalability make it a suitable platform for applications requiring high throughput.
Avalanche was launched by Ava Labs, a company founded by Cornell University professor Emin Gün Sirer, and Cornell University computer science PhD’s Kevin Sekniqi and Maofan “Ted” Yin. Gün Sirer is a veteran in cryptographic research, having designed a conceptual peer-to-peer virtual currency six years before the release of the Bitcoin whitepaper. Ava Labs was founded in 2018, following the development of a whitepaper that led to a seed round in February 2019. Avalanche completed its initial coin offering in 2020, raising $42 million in under 24 hours. Since its mainnet launch in 2020, Avalanche has been developing its own ecosystem of DApps and DeFi, integrating with various Ethereum-based projects.
How Avalanche and Australian Dollar differ
Avalanche (AVAX) and the Australian Dollar (AUD) are two distinct forms of value exchange, each with their unique characteristics. Avalanche is a layer one blockchain platform, designed to serve as a foundation for decentralized applications and custom blockchain networks. It aims to provide a platform for a wide range of decentralized applications (DApps) and decentralized finance (DeFi) projects, striving to enhance interoperability between its ecosystem and Ethereum. Its unique architecture allows for the creation of private blockchains on the network, enhancing its interoperability with other blockchains wishing to integrate with its ecosystem. On the other hand, the Australian Dollar is a traditional fiat currency, regulated by the Reserve Bank of Australia, and used as the standard form of monetary exchange in Australia. Unlike Avalanche, the AUD is centralized, meaning it is controlled by a single entity, the Australian government. It is used for all types of transactions, from buying a cup of coffee to purchasing a house, and its value is influenced by various economic factors such as inflation, interest rates, and the country's economic performance. While Avalanche seeks to provide a platform for decentralized applications and finance, the AUD serves as a traditional, centralized form of value exchange.
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The exchange rate of Avalanche is decreasing.
The current value of 1 AVAX is A$57.90 AUD. In other words, to buy 5 Avalanche, it would cost you A$289.51 AUD. Inversely, A$1.00 AUD would allow you to trade for 0.0173 AVAX while A$50.00 AUD would convert to 0.8635 AVAX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 26.33%. Meanwhile, in the last 24 hours, the rate has changed by 4.19%, and that the the highest exchange rate of 1 AVAX to Australian Dollar was A$61.60 AUD and the lowest 24 hour value was 1 AVAX for A$56.79 AUD. This time last month, the value of 1 AVAX was A$65.03 AUD, which is a 14.21% increase from where it is now. Looking back a year, Avalanche has changed by A$70.68 AUD. That means that in a single year, the value of Avalanche has shrank by 24.01%.
AVAX to AUD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
A$60.75 AUD | -4.19% | A$77.26 AUD | -26.33% | A$65.03 AUD | -14.21% | A$70.68 AUD | -24.01% |
AVAX to AUD
Amount | Today at 8:29 am |
|---|---|
0.5 AVAX | A$28.95 |
1 AVAX | A$57.90 |
5 AVAX | A$289.51 |
10 AVAX | A$579.03 |
50 AVAX | A$2,895.13 |
100 AVAX | A$5,790.27 |
500 AVAX | A$28,951.33 |
1,000 AVAX | A$57,902.65 |
AUD to AVAX
Amount | Today at 8:29 am |
|---|---|
0.5 AUD | 0.0086 AVAX |
1 AUD | 0.0173 AVAX |
5 AUD | 0.0864 AVAX |
10 AUD | 0.17 AVAX |
50 AUD | 0.86 AVAX |
100 AUD | 1.73 AVAX |
500 AUD | 8.64 AVAX |
1,000 AUD | 17.27 AVAX |
Today vs. 24 hours ago
Amount | Today at 8:29 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 AVAX | A$28.95 | A$30.20 | -4.12% |
1 AVAX | A$57.90 | A$60.39 | -4.12% |
5 AVAX | A$289.51 | A$301.96 | -4.12% |
10 AVAX | A$579.03 | A$603.91 | -4.12% |
50 AVAX | A$2,895.13 | A$3,019.57 | -4.12% |
100 AVAX | A$5,790.27 | A$6,039.15 | -4.12% |
500 AVAX | A$28,951.33 | A$30,195.73 | -4.12% |
1,000 AVAX | A$57,902.65 | A$60,391.47 | -4.12% |
Today vs. 1 month ago
Amount | Today at 8:29 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 AVAX | A$28.95 | A$33.62 | -13.88% |
1 AVAX | A$57.90 | A$67.24 | -13.88% |
5 AVAX | A$289.51 | A$336.19 | -13.88% |
10 AVAX | A$579.03 | A$672.38 | -13.88% |
50 AVAX | A$2,895.13 | A$3,361.88 | -13.88% |
100 AVAX | A$5,790.27 | A$6,723.77 | -13.88% |
500 AVAX | A$28,951.33 | A$33,618.84 | -13.88% |
1,000 AVAX | A$57,902.65 | A$67,237.69 | -13.88% |
Today vs. 1 year ago
Amount | Today at 8:29 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 AVAX | A$28.95 | A$38.22 | -24.26% |
1 AVAX | A$57.90 | A$76.45 | -24.26% |
5 AVAX | A$289.51 | A$382.23 | -24.26% |
10 AVAX | A$579.03 | A$764.45 | -24.26% |
50 AVAX | A$2,895.13 | A$3,822.27 | -24.26% |
100 AVAX | A$5,790.27 | A$7,644.55 | -24.26% |
500 AVAX | A$28,951.33 | A$38,222.75 | -24.26% |
1,000 AVAX | A$57,902.65 | A$76,445.50 | -24.26% |
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