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- Avalanche, a prominent blockchain platform, has recorded a significant increase in monthly active users, surpassing the 1 million threshold for the first time, a week after the debut of its innovative AvaCloud platform.
- AvaCloud is a unique service that enables the creation of custom blockchains or subnets on the Avalanche network, paving the way for developers and users to deploy their own blockchain networks effortlessly.
Following the introduction of its innovative cloud computing service, AvaCloud, the renowned blockchain platform Avalanche (AVAX) has achieved a remarkable growth milestone. The platform has seen its monthly active user (MAU) count breach the 1 million mark, a first in its history. Ava Labs, the mastermind behind Avalanche, attributes this exponential growth to the recent launch of the AvaCloud platform.
AvaCloud is a groundbreaking solution designed to facilitate the creation of ‘subnets,’ or custom blockchains, atop the Avalanche network. This platform, which requires no extensive coding experience, paves the way for developers and users to build and deploy their personalized blockchain networks swiftly and seamlessly.
Ava Labs’ founder and CEO, Emin Gun Sirer, underscored that the advent of AvaCloud has revolutionized the construction of customizable blockchains and specialized decentralized applications. Notably, numerous projects like the SK Group from Korea, gaming app Blitz, and AAA game studio Shrapnel have committed to leveraging AvaCloud for creating subnets, attesting to Avalanche’s growing appeal across a spectrum of industries.
At the time of reporting, AVAX, Avalanche’s native cryptocurrency, is trading at $14.20, a 1.25% increase over the past 24 hours, suggesting a positive price trajectory.
With its one million MAUs, Avalanche has demonstrated its robust capacity to process a substantial volume of transactions and interactions. This achievement underscores Avalanche’s standing as a major player in the blockchain ecosystem.
Looking ahead, Avalanche’s rapid growth and expanding user base are indicative of a promising future. As an increasing number of developers and users tap into the benefits of Avalanche’s technology, industry observers are predicting a surge in the adoption and utilization of its blockchain protocol and services.
The expanding adoption of Avalanche is also reflected in its growing network of partnerships and collaborations. Circle, the company behind the USDC stablecoin, recently announced the native availability of its Euro-backed stablecoin, EUROC, on Avalanche, marking its first foray into multi-chain expansion. In a similar vein, Alibaba’s cloud division has developed a platform that enables enterprises to build metaverse spaces on the blockchain.
