Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.
It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.
Developers at Ava Labs claim that Avalanche is the first intelligent contracts network to offer transaction finalization under a one-second standard.
Avalanche launched its main net in September 2020. The platform's native token, AVAX, performs various Avalanche tasks and functions as a rewards and payment system.