Is AVAX a DeFi coin?

What is Avalanche crypto used for? The native token AVAX is a utility token . AVAX serves as the Avalanche ecosystem’s medium of exchange. In other words, the token is used as currency within the network, typically for fee collection in transactions, incentives and many other use cases.12 Şub 2022

Avalanche (AVAX) ERC20 Token in Ethereum Mainnet. Token is implemented as ERC20 smart contract with address 0x93567d6b6553bde2b652fb7f197a229b93813d3f .

What is Avalanche (AVAX)? The Next DeFi Blockchain Explained. Avalanche (AVAX) is a smart contract-capable blockchain platform focused on transaction speed, low costs, and eco-friendliness.31 Ara 2021