#avax #avalanche #avalancheavax #avalanchelabs #defi #passiveincome2024 #crypto Hey everyone! In today's video, I'll briefly explain the growing Avalanche ecosystem and its native token, AVAX. Avalanche brings new architecture optimized for high transaction throughput. By combining multiple blockchains in an interoperable network, it can achieve blazing speeds of 4,500 transactions per second and near-instant finality. AVAX is the crucial token powering Avalanche?s innovative platform of sub-networks enabling a diversity of use cases from decentralized finance to enterprise solutions. As the backbone of this high-performance ecosystem, AVAX is used for processing transactions, securing the network via staking, and participating in validating nodes to earn rewards. Increased development and usage of apps launched on Avalanche continues rapidly driving demand for the AVAX token. Its fixed capped supply also stands to boost price over time as adoption grows. So in summary - AVAX serves as the lifeblood asset enabling Avalanche to emerge as a leader amongst the next generation of high-speed, low-cost smart contract platforms. Stay tuned as we continue demystifying crypto!More Info