What is AVAX used for?

[mendez]

AVAX is Avalanche’s native token and is used for:
1️⃣ Paying transaction fees
2️⃣ Staking to secure the network and earn rewards
3️⃣ Governance, allowing holders to vote on protocol upgrades
4️⃣ Collateral for creating new subnets
#AVAX #CryptoTokens #AvalancheNetwork #Staking

[Rimon Khan]

Mainly for gas, staking, and powering Avalanche subnets.

[Nahid Hossen]

Parallel processing is what gives Avalanche its speed advantage.