AVAIL is a data availability modular blockchain base layer developed by Polygon, a popular platform in the blockchain ecosystem, designed as a Web3 infrastructure layer to solve pressing challenges in the blockchain space, such as scalability, interoperability, and security.
This project aims to bridge various blockchain ecosystems through its modular, scalable, and interoperable platform. Its vision is to create a unified, seamless user experience within a flexible blockchain framework, leveraging insights from Web2 to drive innovation in Web3. This comprehensive guide will delve into AVAIL's origins, its key features and mission.
Background and Price History
The highly anticipated project was spearheaded by Polygon's co-founder Anurag Arjun and has successfully raised $75 million in funding from prominent investors such as Founders Fund, Dragonfly, and Cyber Fund. Avail (AVAIL) made its market launch with an initial price that soon experienced a dip. However, within a short period, Avail demonstrated remarkable resilience, recovering and initiating an upward trend marked by steady growth. As of 26 July, The price of AVAIL is down around 11% since yesterday.
Importance of AVAIL
Purpose and Functionality
This project is designed as a unification layer for Web3, allowing modular execution layers to scale and interoperate in a trust-minimized way. This ensures that blockchain applications can grow and adapt without compromising on security or decentralization.
Key Features
- Data Availability (DA) Layer: Avail DA is designed to cater to the demands of cutting-edge, trust-minimized applications and sovereign rollups. Its core strength lies in its pioneering security model, which enables light clients to efficiently verify data availability by sampling across a peer-to-peer network.
- Nexus Layer: Nexus is a key, structured element of the Avail ecosystem, setting clear integration standards for rollups. This layer plays a crucial role in ensuring a smooth user experience, whether users are interacting with a single rollup, navigating various rollups within Avail, or connecting with chains from external ecosystems.
- Fusion Security Layer: Fusion finalizes the Avail unification layer by integrating additional security into the Avail ecosystem and Web3's unification framework. Fusion facilitates the staking of native assets from prominent ecosystems such as Bitcoin and Ethereum alongside Avail’s native assets.
This approach allows Avail to enhance its crypto economic security by leveraging well-established assets, representing one of the pioneering uses of external tokens like ETH and BTC to drive consensus on a different blockchain.
Current Adoption, Ongoing Projects, and Future Development
Since its inception, AVAIL has launched several testnets, including the Avail DA Kate Testnet in June 2023. The project has seen increasing adoption among developers seeking a scalable and secure infrastructure for their applications.
Before its official launch, the Avail ecosystem has announced over 110 partnerships. Notably, this includes collaborations with the 5 leading Ethereum rollup stacks: Arbitrum, Optimism, Polygon, Starknet, and zkSync.
The Avail DA Mainnet, which began with internal stress testing, readiness assessments, partner tooling integrations, and validator onboarding on July 4th, 2024, is now publicly available. This milestone allows everyone to benefit from enhanced scalability!
Conclusion
AVAIL is set to change the blockchain ecosystem with its modular, scalable, and interoperable infrastructure. By addressing key challenges like data availability and cross-chain interoperability, AVAIL provides a robust foundation for the next generation of blockchain applications.
Overview:
- Name: AVAIL
- Official Link: AVAIL Website
- Explorer: AVAIL Explorer
- Total Supply: 10.00B
- Contract Address: 0xeeb4d8400aeefafc1b2953e0094134a887c76bd8
- Twitter: AVAIL Twitter
- Telegram: AVAIL Telegram
- Supported CEX: CoinEx, Kucoin, HTX, Gate.io, Bybit
- Supported DEX: PancakeSwap, Uniswap V3
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Frequently Asked Questions
Q: What is AVAIL?
A: AVAIL is a modular Web3 infrastructure layer developed by Polygon, designed to enhance blockchain scalability, interoperability, and security.
Q: How does AVAIL ensure data availability?
A: AVAIL uses validity proofs to ensure data availability, allowing users to verify data without downloading entire blocks.
Q: Is AVAIL worth buying?
A: While AVAIL shows significant promise with its innovative approach, potential investors should conduct thorough research and consider their investment goals before purchasing.
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