Avail Launches Data Availability Mainnet and AVAIL Token to Revolutionize Blockchain Scalability and Security
Avail, a blockchain initiative addressing rollup fragmentation and enhancing scalability, has officially launched its data availability mainnet alongside its native AVAIL token.
Avail DA, a modular blockchain solution, aims to optimize data availability, enabling developers to build more scalable, cost-effective, and composable chains, as per a statement shared with The Block.
With the launch of Avail DA, the native AVAIL token is now active. This token is essential for paying data availability fees, and starting from Tuesday, holders can stake their tokens to support network security. Additionally, the AVAIL token will play a significant role in Avail’s governance, with the project gradually shifting towards community-driven decision-making, according to its official documents.
Although details on AVAIL’s tokenomics are limited, the team revealed to The Block that there is a total supply of 10 billion AVAIL tokens. In April, the project announced an airdrop of 600 million tokens for eligible participants, which can be claimed following the activation of the Avail DA layer.
Led by former Polygon co-founder Anurag Arjun, Avail DA is the first component of Avail’s three-part full-stack architecture. The project is now progressing towards its next major releases: the interoperability layer Nexus and the security network layer Fusion.
“Avail DA and the introduction of the AVAIL token mark the culmination of years of research and development aimed at tackling significant web3 challenges, including blockchain fragmentation, data availability issues, and scaling limitations,” Arjun stated.
How Avail Operates
Avail’s light clients utilize validity proofs and data availability sampling to swiftly verify data on consumer-grade devices like mobile phones. This allows data to be sampled immediately after block finalization. To avoid centralization, Avail employs a Nominated Proof-of-Stake (NPoS) consensus mechanism, which evenly distributes staked tokens among validators. The network plans to start with 1,000 validators, potentially expanding to 10,000.
“By integrating KZG commitments with data availability sampling, we provide the blockchain ecosystem with advanced data availability infrastructure today,” said Avail co-founder Prabal Banerjee. “Developers can connect any execution environment with Avail DA using just a few lines of code, resulting in a powerful blockchain solution.”
Data Availability (DA) layers facilitate efficient and secure operation of Layer 2 scaling solutions, ensuring all necessary transaction data is openly accessible. This transparency helps maintain transaction security and correctness, preventing fraud and enabling reliable operations outside the main blockchain.
Avail Secures $75 Million in Funding
Following a $45 million Series A round announced in June, Avail has raised a total of $75 million from investors including Peter Thiel’s Founders Fund, Dragonfly Capital, and Cyber Capital.
Modular blockchain projects are gaining traction, especially since Celestia’s launch late last year. Other modular projects like Lava and Inco have also recently secured funding.
“As crypto becomes increasingly modular and interoperable, Avail is developing crucial infrastructure to advance this innovation. Their architecture, leveraging KZG proofs and data availability sampling (DAS), achieves remarkable speed and security while being entirely chain-agnostic,” commented Founders Fund Partner Joey Krug.
Avail DA supports various blockchain architectures, including Validiums, Optimiums, Sovereign Rollups, and Bitcoin Layer 2s. The team claims to have secured over 70 partnerships with application-specific blockchains, DeFi, and web3 gaming chains for integration with Avail DA.
In April, Avail announced that five Layer 2 projects—Arbitrum, Optimism, Polygon, StarkWare, and zkSync—would integrate with Avail’s data availability architecture following the mainnet launch.
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