Avalanche Blockchain Reaches One Million Monthly Active Users
After releasing its novel cloud computing product, AvaCloud Platform, the popular blockchain platform Avalanche (AVAX) has reached a key milestone: one million Monthly Active Users (MAU). Avalanche’s creator, Ava Labs, claims that the release of AvaCloud is largely responsible for the project’s current success.
To create and launch “custom blockchains,” or subnetworks, on top of the Avalanche network, the AvaCloud Platform provides a code-free framework. This state-of-the-art approach makes it possible for anybody without extensive programming knowledge to build and deploy their own blockchain networks.
Novel Approach to Blockchain Development
Emin Gun Sirer, CEO of Ava Labs, explains that the introduction of subnets through AvaCloud has revolutionized the process of developing custom blockchains and distributed applications.
Several organizations, like the Korean conglomerate SK Group, the gaming app Blitz, and AAA game developer Shrapnel, have recently committed to building subnets utilizing AvaCloud. This demonstrates the increasing demand for and adoption of Avalanche’s flexible blockchain solutions across a variety of industries.
With over a million monthly active users, the protocol has further solidified its position as a significant blockchain platform by demonstrating its ability to handle massive volumes of transactions and interactions.
More and more people are joining the blockchain network, which bodes well for the future of this technology. As more developers and consumers learn about the benefits of Avalanche’s technology, the industry anticipates a rise in adoption and use of Avalanche’s blockchain protocol and services.
The growing number of companies working with Avalanche is a good sign of the platform’s success. In a recent newsworthy development, Circle, the stablecoin behind USDC, announced that its Euro-backed stablecoin EUROC is now natively available on Avalanche.