In recent days, popular blockchain platform Avalanche (AVAX) has achieved the impressive milestone of one million Monthly Active Users (MAU). This comes merely a week following the introduction of its avant-garde cloud service, AvaCloud Platform. The creators of Avalanche, Ava Labs, argue that the rapid growth of the platform’s users is intrinsically linked to the launch of AvaCloud.
Avalanche’s AvaCloud Platform is a no-code system that facilitates the design and debut of custom blockchains – also referred to as subnets – on the Avalanche network. This cutting-edge solution allows users and developers to construct and implement their own blockchain networks swiftly and with ease, bypassing the need for substantial coding expertise. Emin Gun Sirer, the founder and CEO of Ava Labs, asserts that the implementation of subnets via AvaCloud has transformed the building of tailor-made blockchains and specialized decentralized applications.
Several notable projects have been undertaken to build subnets through AvaCloud, including those launched by Korean conglomerate SK Group, gaming app Blitz, and AAA game studio Shrapnel. Each project draws attention to Avalanche’s growing adoption of customizable blockchain solutions across a variety of sectors.
Currently, AVAX, the native cryptocurrency of the Avalanche network, is trading at $14.20 with a 1.25% increase in the last 24 hours. With the blockchain network now boasting one million MAU, Avalanche’s capacity for handling extensive transaction volume and interactions is further solidified.
The rapid expansion and growth of Avalanche’s user base point towards a bright future for the platform. It is anticipated that the adoption and usage of its blockchain services will increase as developers and consumers come to understand the benefits of Avalanche’s technology. Moreover, Avalanche’s growing adoption is mirrored in its rising network of partnerships and coinciding collaborations.
Recently, Circle, the USDC stablecoin, announced their Euro-backed stablecoin EUROC is now natively accessible on Avalanche, marking a significant step in the company’s multichain expansion. Likewise, Alibaba’s cloud division has developed a platform enabling enterprises to create metaverse spaces on the blockchain.
Ultimately, it should be noted that the current article may include the author’s personal viewpoint, and is subject to market fluctuations. It is advised to carry out independent market research before engaging in any investments, as there is no guarantee that the presented views are a certitude.
Source: Coingape
