What layer is AVAX?

Avalanche (AVAX) is a layer-1 smart contract platform built by Ava Labs, which is headquartered in Singapore. It is a proprietary proof-of-stake blockchain that is Ethereum-compatible. Developers can build and deploy decentralized applications (dApps) on the platform.3 Şub 2022

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Is Avalanche an L1?

Avalanche’s P-Chain allows anyone to create an L1 or L2 blockchain . You can even go as far as creating a group of them. In Avalanche terms, these blockchains are called subnets, with the P-Chain being the default subnet common to all.31 Ara 2021

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Is Avalanche an L1 or L2?

Avalanche is a Layer 1 blockchain that achieves high throughput and offers compatibility with the Ethereum Virtual Machine. Network activity has soared in recent months, particularly in the DeFi space. Avalanche’s EVM compatibility lets developers seamlessly port decentralized applications over from Ethereum.18 Eyl 2021

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