Avalanche (AVAX) is a platform for creating decentralized applications (dApps) and running enterprise blockchain networks in one ecosystem. Developed by Ava Labs, Avalanche stands out for its high transaction speeds, low fees, and high scalability. It uses the unique Avalanche consensus protocol, which allows transactions to be finalized almost instantly. The platform supports smart contracts and is compatible with Ethereum, making it easy to port decentralized applications from one platform to another. The main AVAX token is used to pay fees, provide network security, and participate in platform governance.