Validators process transactions and receive validator rewards (supply-side fees).

AVAX is a smart contract platform for decentralized applications (a blockchain). Avalanche was founded by Emin Gün Sirer and launched in 2019.

AVAX holders own and govern the protocol. They currently take (burn) all of the total transaction fees paid by users (revenue). AVAXs investors include a16z, Polychain, Galaxy Digital, etc.

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Avalanche

# Avalanche Maximum token supply Methodology

## 1. Overview

This metric tracks Avalanche's maximum token supply, which represents the theoretical upper limit of AVAX tokens that can ever exist according to the protocol's tokenomics design. Unlike circulating or total supply metrics that require on-chain calculations, the maximum supply is a fixed protocol parameter set at 720,000,000 AVAX tokens when the network launched on September 21, 2020.

## 2. Data sources

This metric uses static protocol specifications rather than blockchain data sources:
- **Protocol documentation**: Avalanche network specifications defining the maximum token supply cap
- **Network parameters**: Official tokenomics documentation establishing the 720,000,000 AVAX token limit
- **Launch date information**: Official Avalanche mainnet launch date of September 21, 2020

## 3. Step-by-step calculation

### Component A: Protocol parameter definition
- **Purpose**: Establishes the fixed maximum supply value and network launch date
- **Logic**: Sets the maximum token supply as exactly 720,000,000 AVAX tokens based on the protocol specification. Defines the network launch timestamp as September 21, 2020 at 00:00:00 UTC, which serves as the starting point for when this maximum supply value becomes applicable
- **Key fields**: `timestamp` (network launch date), `timestamp_grain` (daily granularity), `token_supply_maximum` (720,000,000 tokens)

### Final aggregation
- **Combining components**: No complex aggregation is needed since this uses a single hardcoded value
- **Currency conversion**: Not applicable - this metric measures token quantity, not monetary value
- **Time aggregation**: Uses daily granularity with a fill-forward strategy to propagate the same maximum supply value across all time periods from the launch date onward
- **Final calculation**: The metric value remains constant at 720,000,000 AVAX tokens for all dates from September 21, 2020 forward, representing the immutable maximum supply cap defined in the Avalanche protocol

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

AvalancheAVAX

Maximum token supply

Maximum token supply

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