Avail (AVAIL)

Data Availability

Avail provides a scalable and cryptographically verifiable data availability (DA) layer that ensures transaction data is reliably stored and accessible. This supports rollups and modular blockchains by offering limitless blockspace, faster finality, and lower costs.

Interoperability

Avail’s Nexus layer enables seamless cross-chain transactions and asset movement without the need for bridges or complex gas fees. It unifies how applications, users, and liquidity interact across different blockchain ecosystems, making it easier to move assets and liquidity between chains.

Security

Avail Fusion enhances the network’s crypto-economic security by allowing staking of native assets from major ecosystems like Bitcoin and Ethereum alongside Avail’s native tokens. This shared security strengthens the network against attacks.

Developer Use Cases

Developers can build once and scale everywhere using Avail’s modular infrastructure. It supports high-throughput applications such as DeFi, stablecoins, real-world assets (RWAs), gaming, social media (SocialFi), and TradFi, enabling efficient cross-chain transactions and composability with existing apps.

User Experience

Avail’s light client infrastructure runs on consumer devices like phones and browsers, allowing users to verify transactions themselves and experience a unified onchain economy without worrying about multiple chains.

Token Utility

The AVAIL token is used for transaction fees, staking, and governance within the Avail network, powering its data availability and security functions.

Advantages

• Avail provides scalable and limitless data availability (DA) for next-generation blockchains, enabling faster, lighter, and more extensible chains.
• It supports high throughput with over 10,000 transactions per second using advanced techniques like erasure coding and light client verification.
• The platform unifies multiple blockchain ecosystems through its Nexus layer, allowing seamless cross-chain asset movement without bridges or gas complexity.
• Avail Fusion adds shared security by allowing staking of native assets from major ecosystems like Bitcoin and Ethereum, enhancing cryptoeconomic security.
• Its modular architecture simplifies blockchain integration for developers, removing concerns about validator sets or tokenomics.
• Avail’s design supports privacy features, sub-second finality, and USDC-priced fees.
• The project is backed by significant funding and partnerships, including with Ethereum layer-2 developers.
• Avail’s approach reduces data storage costs on Ethereum by enabling off-chain data publication, lowering transaction fees and congestion.
• It is positioned as a unification layer for Web3, aiming to solve interoperability and scalability challenges in a multi-chain environment.

Disadvantages

• The AVAIL token price has experienced a significant decline from its all-time high (around -97%), indicating high volatility.
• The market for AVAIL is relatively small, making it susceptible to large price swings influenced by major holders ("whales").
• The project is still developing some features, with upgrades like Avail Fusion expected in the future.
• As a complex infrastructure project, it may be challenging for some users to fully understand or adopt immediately.
• The current market capitalization and trading volume suggest it is a niche project compared to larger cryptocurrencies.

In summary, Avail offers innovative solutions for blockchain scalability, interoperability, and security with a strong technical foundation and ecosystem vision, but it carries typical early-stage crypto volatility and market risks.

Founders

Avail was co-founded by Anurag Arjun and Prabal Banerjee. Anurag Arjun is a former co-founder of Polygon Labs, and Prabal Banerjee has a background in crypto and blockchain research. Both started Avail as a project within Polygon before spinning it off into an independent company in 2023.

Background

Anurag Arjun and Prabal Banerjee are blockchain veterans who met while working at Polygon. They lead Avail with a vision to build a modular blockchain infrastructure that helps other blockchains scale and work together.

Main Investors

Avail has raised a total of around $70-$75 million in funding. The key investors include Founders Fund (co-led by Peter Thiel), Dragonfly, Cyber Fund, SevenX Ventures, Nomad Capital, Figment Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1, Alliance, Hashkey Capital, and several angel investors.

Notable Individuals

Sunny Aggarwal, Mudit Gupta, Amrit Kumar, Ashwin Ramachandran, Ajit Tripathi, Dogan Orkun, Pete Kim, Joyce Yang, Pranay Mohan, Rahul Dalmia, and Ramani ‘Ram’ Ramachandran are among the individual investors involved.

Investment Details

The latest Series A funding round raised $43 million, with 18 investors participating. Many investors, including Founders Fund and Dragonfly, have increased their investments by backing Avail multiple times.

Halal Status of Avail

No, there is no specific information available confirming that Avail is halal. The halal status of a cryptocurrency depends on whether the project complies with Islamic finance principles such as avoiding interest (riba), gambling (maysir), and excessive uncertainty (gharar). Since Avail is not listed or screened in the known halal crypto lists or Shariah advisory reports, its halal status cannot be confirmed.