Convert and Swap Avalanche AVAX to Indian Rupee INR
AVAX/INR: 1 Avalanche equals ₹3,180.96 INR
Last update: 5:22 PM, December 22, 2024
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Avalanche is falling this week.
The current price of Avalanche is ₹3,180.96 per AVAX. With a circulating supply of 409,830,497.784 AVAX, it means that Avalanche has a total market cap of ₹1,303,117,796,674.87. The amount of Avalanche traded has fallen by ₹15,188,168,429.29 in the last 24 hours, which is a 35.37% decrease. Additionally, in the last day, ₹42,937,277,406.60 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 Indian Rupee differ
Avalanche (AVAX) and the Indian Rupee (INR) are two distinct forms of currency, 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, with a unique architecture that allows for the creation of private blockchains on the network. On the other hand, the Indian Rupee is a traditional form of currency, regulated by the Reserve Bank of India, and used for all forms of transactions within the country. Unlike Avalanche, which operates through a unique architecture consisting of three individual blockchains, the Indian Rupee operates within a centralized banking system. Furthermore, while Avalanche's high transaction output and scalability make it a suitable platform for applications requiring high throughput, the Indian Rupee's value and usage are influenced by factors such as inflation, economic policies, and international trade.
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AVAX to Indian Rupee conversion tables
The exchange rate of Avalanche is decreasing.
The current value of 1 AVAX is ₹3,180.96 INR. In other words, to buy 5 Avalanche, it would cost you ₹15,904.82 INR. Inversely, ₹1.00 INR would allow you to trade for 0.000314 AVAX while ₹50.00 INR would convert to 0.015719 AVAX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 25.55%. Meanwhile, in the last 24 hours, the rate has changed by 3.28%, and that the the highest exchange rate of 1 AVAX to Indian Rupee was ₹3,301.54 INR and the lowest 24 hour value was 1 AVAX for ₹3,070.53 INR. This time last month, the value of 1 AVAX was ₹3,350.70 INR, which is a 6.82% increase from where it is now. Looking back a year, Avalanche has changed by ₹3,779.06 INR. That means that in a single year, the value of Avalanche has shrank by 17.52%.
AVAX to INR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₹3,267.13 INR | -3.28% | ₹4,258.61 INR | -25.55% | ₹3,350.70 INR | -6.82% | ₹3,779.06 INR | -17.52% |
AVAX to INR
Amount | Today at 5:22 pm |
|---|---|
0.5 AVAX | ₹1,590.48 |
1 AVAX | ₹3,180.96 |
5 AVAX | ₹15,904.82 |
10 AVAX | ₹31,809.64 |
50 AVAX | ₹159,048.20 |
100 AVAX | ₹318,096.40 |
500 AVAX | ₹1,590,481.99 |
1,000 AVAX | ₹3,180,963.98 |
INR to AVAX
Amount | Today at 5:22 pm |
|---|---|
0.5 INR | 0.000157 AVAX |
1 INR | 0.000314 AVAX |
5 INR | 0.0016 AVAX |
10 INR | 0.0031 AVAX |
50 INR | 0.0157 AVAX |
100 INR | 0.0314 AVAX |
500 INR | 0.16 AVAX |
1,000 INR | 0.31 AVAX |
Today vs. 24 hours ago
Amount | Today at 5:22 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 AVAX | ₹1,590.48 | ₹1,623.16 | -2.01% |
1 AVAX | ₹3,180.96 | ₹3,246.31 | -2.01% |
5 AVAX | ₹15,904.82 | ₹16,231.57 | -2.01% |
10 AVAX | ₹31,809.64 | ₹32,463.15 | -2.01% |
50 AVAX | ₹159,048.20 | ₹162,315.73 | -2.01% |
100 AVAX | ₹318,096.40 | ₹324,631.46 | -2.01% |
500 AVAX | ₹1,590,481.99 | ₹1,623,157.32 | -2.01% |
1,000 AVAX | ₹3,180,963.98 | ₹3,246,314.63 | -2.01% |
Today vs. 1 month ago
Amount | Today at 5:22 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 AVAX | ₹1,590.48 | ₹1,683.84 | -5.54% |
1 AVAX | ₹3,180.96 | ₹3,367.68 | -5.54% |
5 AVAX | ₹15,904.82 | ₹16,838.40 | -5.54% |
10 AVAX | ₹31,809.64 | ₹33,676.80 | -5.54% |
50 AVAX | ₹159,048.20 | ₹168,384.01 | -5.54% |
100 AVAX | ₹318,096.40 | ₹336,768.01 | -5.54% |
500 AVAX | ₹1,590,481.99 | ₹1,683,840.06 | -5.54% |
1,000 AVAX | ₹3,180,963.98 | ₹3,367,680.12 | -5.54% |
Today vs. 1 year ago
Amount | Today at 5:22 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 AVAX | ₹1,590.48 | ₹1,925.72 | -17.41% |
1 AVAX | ₹3,180.96 | ₹3,851.44 | -17.41% |
5 AVAX | ₹15,904.82 | ₹19,257.22 | -17.41% |
10 AVAX | ₹31,809.64 | ₹38,514.45 | -17.41% |
50 AVAX | ₹159,048.20 | ₹192,572.23 | -17.41% |
100 AVAX | ₹318,096.40 | ₹385,144.47 | -17.41% |
500 AVAX | ₹1,590,481.99 | ₹1,925,722.33 | -17.41% |
1,000 AVAX | ₹3,180,963.98 | ₹3,851,444.65 | -17.41% |
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