Avail launches its data availability mainnet Avail DA and its native AVAIL token.

according to The Block, Avail has launched its data availability mainnet Avail DA and its native AVAIL token. AVAIL is used to pay for data availability fees and ensures network security through staking. The project aims to optimize data availability, helping developers build more scalable and cost-effective chains.

The total supply of AVAIL is 10 billion, of which 60 million have been airdropped to eligible participants. Avail is led by Anurag Arjun, former co-founder of Polygon, and plans to launch the interoperability layer Nexus and the security network layer Fusion.