Avalanche (AVAX) is a fast, low-cost, eco-friendly blockchain platform for decentralized applications and custom blockchain networks. Discover how to add Avalanche to MetaMask with this easy-to-follow guide to boost your DeFi experience and unlock new opportunities in crypto.
Launched in 2020 by Ava Labs, Avalanche prioritizes scalability, security, and decentralization while emphasizing low costs, fast transaction speeds, and eco-friendliness. The platform employs its native token (AVAX) and multiple consensus mechanisms to power operations. With robust features supporting dApps and autonomous blockchains, Avalanche is poised to be a major player in the crypto industry.
Key Developments in the Avalanche Ecosystem
Avalanche’s Total Value Locked (TVL) exceeds $956 million and continues to rise across its decentralized applications (dApps). Here are the key developments driving its growth:
1. AVAX Price and Transaction Surge
AVAX experienced a substantial rally, accompanied by increased large transactions and trading volumes. Nearly 1,000 transactions over $100,000 were recorded weekly, signaling strong bullish sentiment.
2. Avalanche Ordinals and Token Burning Spike
Inscriptions (text-based tokens) accounted for 50% of Avalanche transactions, driving a surge in AVAX token burning—439,000 AVAX (valued at $16.7 million) were burned.
3. Record Transaction Count
On November 20, Avalanche’s C-Chain processed 3.07 million transactions, marking a resurgence in ecosystem activity.
4. New Investment and Support
Colony Lab announced a $10 million investment to support Avalanche’s long-term growth, reflecting confidence in its potential.
5. Development Upgrades
Q1 2023 saw initiatives like HyperSDK, Glacier API, and The Graph integration to attract developers.
6. Growth in DeFi and Liquid Staking
Liquid staking derivatives (LSDs) and yield farming platforms fueled Avalanche’s DeFi TVL growth, with Benqi liquid staking TVL hitting $100 million.
7. Memecoins Craze
Memecoins like Coq Inu surged on Avalanche, driving a 100% increase in active addresses.
How to Add Avalanche (AVAX) to MetaMask
Connecting MetaMask to Avalanche enables access to Ethereum-compatible dApps on the Avalanche network. Follow these steps:
Step 1: Select Avalanche as Your Network
Open MetaMask and choose "Avalanche Network" from the dropdown menu.
Step 2: Add Avalanche Manually (If Not Listed)
Click Custom Network and enter these details:
- Network Name: Avalanche Network
- New RPC URL:
https://api.avax.network/ext/bc/C/rpc - Chain ID:
43114or0xa86a - Currency Symbol: AVAX
- Block Explorer URL:
https://snowtrace.io/
Click Add to complete the setup.
Step 3: Import Avalanche Tokens
Use the Import Tokens feature in MetaMask to add AVAX or other tokens by entering their contract address.
Avalanche Blockchains Explained
Avalanche consists of three blockchains:
- Exchange Chain (X-Chain): Manages assets.
- Contract Chain (C-Chain): Supports smart contracts (compatible with MetaMask).
- Platform Chain (P-Chain): Coordinates validators.
⚠️ Note: Only the C-Chain works with MetaMask. Transferring funds from other chains may result in lost assets.
FAQs
1. Is Avalanche compatible with MetaMask?
Yes, but only the C-Chain supports MetaMask.
2. What’s the RPC URL for Avalanche?
Use: https://api.avax.network/ext/bc/C/rpc.
3. Why can’t I see my AVAX tokens in MetaMask?
Ensure you’re on the Avalanche C-Chain and have imported the token using its contract address.
Closing Thoughts
MetaMask’s cross-chain capabilities make it ideal for interacting with Avalanche’s expanding ecosystem. By manually adding networks like Avalanche, you unlock access to diverse DeFi platforms and dApps.
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Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research.