The crypto market has always experienced significant volatility. From a certain perspective, volatility and market crashes contributed to the industry’s great success by providing new traders with entry points. Still, many investors tend to switch to safer and more profitable projects when prices for most cryptos become unpredictable.
Since market crashes are not the end of the world, you might be interested in knowing the exchange rates of AVAX vs Solana, as an option. But first, let’s analyze the characteristics of AVAX and SOL so that you have an insight into the reasons to convert your coins. Besides, there are three reliable exchange platforms detailed at the end of the post for your consideration.
Particularities of the AVAX to SOL Crypto Pair
When you want to invest, it is important to know the facts about your assets to make informed decisions. Your choice may be impacted by a number of factors, essential of which are the following:
- Fees. The fees usually vary over time, but as of May 2022, Solana blockchain charges $0.00025 per transaction. AVAX fees per transaction are $0.2 on average.
- Throughput. Avalanche supports up to 4,500 transactions per second (TPS), while SOL can theoretically achieve a whooping 65,000 TPS.
- Market cap. The size of AVAX’s market cap equals more than $7 billion as of May 2022. Currently, SOL has a $17 billion market cap, meaning that it outperforms AVAX significantly.
- Use cases. They both support smart contract systems and can be used for building decentralized applications (dApps) on their networks.
- Amount of coins in circulation. The circulating amount of SOL is about 340 million tokens as of May 2022. At the same time, there are more than 270 million AVAX in circulation.
- Consensus protocol. Avalanche uses the Proof-of-Stake protocol. In its turn, Solana employs a hybrid protocol that is basically a combination of Proof-of-History and Proof-of-Stake algorithms.
AVAX and SOL are both named ETH killers, as their projects were born to solve the problems of Ethereum and guarantee a better service.
Now let’s take a look at the three most fitting platforms for exchanging AVAX for SOL.
Godex
Godex is an anonymous crypto exchange platform that features fixed rates. It works without Know Your Customer (KYC) verification or registration, meaning it grants users full anonymity. You just choose the crypto pair and the amount of coins, insert the wallet address, and finalize the transaction. Currently, Godex supports more than 300 coins.
Another interesting fact is that there are no volume limits for the coins you want to exchange, whereas many exchanges impose them. Godex also has a mobile app, both for Android and Apple devices.
SimpleSwap.io
SimpleSwap platform also does not have an obligatory registration and no maximum transaction limits. So, you can easily transfer all your coins in a single transaction and pay just one fee for the exchange. You can choose whether to exchange your coins with a fixed or a floating exchange rate.
LetsExchange.io
The LetsExchange platform offers fast service as well. No registration is needed here, so you can always preserve your anonymity and enjoy the simple but convenient exchange process.
With LetsExchange you can also choose the rate that suits you better: fixed or floating. It depends on whether you want to take profit from the market’s volatility or make sure that you are charged a fixed price for your transaction.
Be careful, as there are limitations on the minimum amounts of coins you can exchange.
Conclusion
The crypto market goes through major market changes on and off, much like the traditional trade system. However, this does not mean that you should contribute to panic selling. It is way more clever to understand the market’s basics and choose to convert your investments into safer ones. This way, you can go through periods of the highest volatility and make a profit instead of losing money.
If you possess AVAX you may consider switching them to SOL if the reasons provided above match your feeling about this crypto. You may also consider just diversifying your investment portfolio with SOL. The three crypto exchanges we reviewed are fast, anonymous, and safe.
