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Avail (AVAIL) is a modular blockchain project designed to improve blockchain scalability, interoperability, and security. It acts as a unification layer for Web3, addressing issues like rollup fragmentation and data availability. The project, led by Polygon's former co-founder Anurag Arjun, focuses on ensuring the availability and ordering of transaction data, which helps prevent malicious activity and enhances blockchain efficiency.
Avail uses a three-layer approach:
Avail aims to unify different blockchain ecosystems by integrating these layers, making cross-chain transactions smoother and more secure.
Avail’s data availability layer ensures that all transaction data is available and verifiable. This is crucial for both optimistic and ZK rollups to prevent fraud and maintain operational integrity.
Light clients perform random checks on small parts of the block data. This ensures data is present without needing to download the entire block, which saves bandwidth and improves efficiency.
Avail uses erasure coding to spread data across multiple shards. This means if some data is lost, it can be reconstructed from the remaining shards, ensuring data integrity.
KZG commitments are cryptographic proofs that make it computationally infeasible for malicious actors to hide any part of the data. This enhances security and reduces the need for fraud proofs.
The Nexus layer aggregates proofs and sequences transactions, making it easier to verify and process data across different rollups and blockchains. The fusion security layer pools various tokens to enhance the overall security of the Avail network, supporting a wide range of assets from different blockchains.
The Avail network was co-founded by Anurag Arjun and Prabal Banerjee, both of whom have strong ties to Polygon. Anurag Arjun played a key role in the development of the Polygon protocol and later focused entirely on Avail, making it an independent entity in 2023.
The project was first announced in 2020 and introduced to the public in 2021. Avail raised $27 million in seed funding in early 2024, with significant backing from investors like Peter Thiel’s Founders Fund and Dragonfly Capital.
Avail’s roadmap includes three key phases:
The $AVAIL token serves several key functions within the Avail blockchain ecosystem:
Avail has a total supply of 10 billion tokens. The tokens are distributed over five years. 20% were distributed in the initial public offering (IPO).
The AVAIL token allocation is as follows:
The network has a 5% annual inflation rate to provide continuous rewards for staking and securing the network.
Period | Change | Change (%) |
---|---|---|
Today | $0.002543 | 1.85% |
7 Days | $0.027901 | 24.86% |
30 Days | $0.039838 | 39.71% |
3 Months | $0.132161 | 1,653.17% |
Investing in AVAIL token provides opportunities for earning rewards through staking, participating in governance, and benefiting from a scalable and interoperable blockchain solution:
By keeping these factors in mind, you can better understand the dynamics affecting the AVAIL price prediction:
Staking AVAIL helps secure the network and earn rewards. Ensure you select reliable validators and manage your stake actively to maximize returns. Here’s how to stake $AVAIL on Avail: