A Quick Dive Into Avalanche DeFi

Avalanche is a 3rd generation open-source platform for launching decentralized applications with a focus on blockchain interoperability. The project was launched in 2020 by Ava Labs and the public token sale was completed with much hype. The mainnet of Avalanche was launched in September 2020. Avalanche is another self-proclaimed ‘Ethereum Killer’ in the market and it facilitates the creation of custom blockchains too. The native token of Avalanche is AVAX and it’s used to pay the transaction fees and it also maintains the governance of the protocol. Avalanche has a high transaction throughput of 4500+ TPS and the native coin AVAX’s supply is capped at 720 million. Many reputed Ethereum DeFi projects like bzx, Sushiswap etc. have planned to integrate with Avalanche recently. There is an available

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