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Avalanche is a blockchain platform that aims to facilitate high-performance, low-cost financial applications. It empowers users to establish custom token and digital asset ecosystems, allowing for secure and economical transactions. The goal of Avalanche is to create an open, powerful, and secure platform for finance applications. In contrast to other networks, fees on Avalanche are not directed to validators but rather are burned, This increases the scarcity of AVAX which is counterbalanced by minting process, to assure the longevity of the network.
Data provided by Avascan.