The number of active users of the Avalanche Tier 1 Blockchain (AVAX) has crossed the 1M monthly mark for the first time.
This is good. https://t.co/lSsSxmfJAp
— Emin Gün Sirer🔺 (@el33th4xor) May 31, 2023
The company behind the project, Ava Labs, cited the recent launch of AvaCloud as the main reason for the growth. It is a platform for launching and scaling “no code” fully managed and custom blockchains.
We are proud to announce the launch of @AvaCloudthe Web3 launchpad for deploying and scaling no-code, fully managed custom blockchains.
AvaCloud marks a landmark shift in the blockchain development process. https://t.co/lT93YZV6sD
Let’s dive in to AvaCloud 👇 pic.twitter.com/ddXj0ahIIw
— Ava Labs 🔺 (@avalabsofficial) May 24, 2023
“Before AvaCloud, building your own blockchain could cost millions of dollars and years of research with an experienced team. Now you can launch a chain as a testnet in minutes and deploy a fully mature network in a few weeks without hiring a lot of engineers, ”Emin Gün Sirer, founder and CEO of Ava Labs, commented on the event.
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 Gün Sirer🔺 (@el33th4xor) May 24, 2023
According to statement companies, the development of subnets based on the platform was started by the Korean conglomerate SK Group, the Blitz game application and the AAA Shrapnel game studio.
“The continued growth of Avalanche users reflects the momentum the network is generating through a range of partnerships announced in 2023, from AWS to Avalanche Evergreen. We had a steady stream of innovative launches dappsthe number of subnets is constantly increasing,” said The Block Ava Labs Vice President John Nahas.
In early May, the Avalanche team partnered with cloud service provider Alibaba Cloud to create a metaverse deployment platform.
On May 25, Circle launched the euro-pegged stablecoin Euro Coin (EUROC) on the network.
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