How did Avalanche perform in November?

Avalanche saw its AVAX token rise 70% in November and was the month’s best performing layer 1 platform with a market capitalization of $10 billion or greater. Interest in so-called layer 1 tokens heated up during November as several top blockchain protocols pushed incentive programs, while gas fees on Ethereum network remained near all-time highs.

What is Avalanche X-chain?

Avalanche has three primary built-in blockchains. Used to send and receive funds on the Avalanche network, which is the X-Chain's only function. Additionally, transaction fees are fixed at 0.001 AVAX, and X-Chain provides speed benefits over C-Chain. X-Chain uses directed acyclic graph (DAG) technology.

Who invented Avalanche?

Avalanche was launched by Ava Labs, founded by Cornell University professor Emin Gün Sirer, and Cornell University computer science PhD’s Kevin Sekniqi and Maofan “Ted” Yin. Gün Sirer is a veteran in cryptographic research, having designed a conceptual peer-to-peer virtual currency six years before the release of the Bitcoin whitepaper.