1 million monthly active users have been reached by the Layer 1 blockchain network Avalanche for the first time.
A First in Avalanche History! Reached 1 Million Monthly Active Users For The First Time!
According to Ava Labs, the company behind Avalanche, the surge is primarily due to the recent launch of AvaCloud. On top of the Avalanche network, “custom blockchains,” often referred to as subnets, can be launched using the no-code AvaCloud platform.
What Do Subnets Do?
Subnets allow programmers to create blockchains that may be customized and specific decentralized applications.
Before AvaCloud, building your own blockchain could cost millions of dollars and years of research with an experienced team. Today, you can launch your own chain as a testnet in minutes, and deploy a fully mature network in weeks, all without hiring an extensive engineering team,
Emin Gun Sirer, Founder And CEO Of Ava Labs
In order to help developers onboard the upcoming wave of customers, he noted, launching a subnet through AvaCloud ought to be as simple as creating a new website.
AvaCloud to be Used by Many Companies
According to Ava Labs, several projects, including the Korean conglomerate SK Group, the gaming app Blitz, and the AAA game studio Shrapnel, have committed to establishing subnets using AvaCloud.
The consistent growth in Avalanche users reflects momentum the network is generating from a string of partnerships announced in 2023, from AWS through Avalanche Evergreen. We’ve had a steady stream of innovative new dApps launches, and the number of Subnets is continually increasing, with more on the way.
John Nahas, VP Of Business Development At Ava Labs
About Avalanche
Avalanche is a blockchain platform that uses a novel Proof of Stake (PoS) technique to address the blockchain trilemma of scalability, security, and decentralization. Avalanche enables smart contracts to operate decentralized applications (dApps) on its network, just like Ethereum does. AVAX is the native currency of the platform. The Avalanche blockchain’s security and network-wide transaction fees are handled by AVAX.
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