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- Ava Labs credits a significant portion of its recent achievements to the launch of AvaCloud.
- The protocol has solidified its status as a leading blockchain platform.
Avalanche (AVAX), a well-known blockchain platform, has reached a significant milestone with one million Monthly Active Users (MAU). This achievement follows closely on the heels of the introduction of its innovative cloud computing service, the AvaCloud Platform. Notably, Avalanche’s developer, Ava Labs, attributes a large part of this recent success to the rollout of AvaCloud.
The AvaCloud Platform provides a code-free framework for creating and deploying “custom blockchains,” or subnets, on the Avalanche network. This advanced technology enables developers and users to build and launch their own blockchain networks without the need for extensive coding knowledge.
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The introduction of subnets via AvaCloud, as highlighted by Emin Gun Sirer, CEO of Ava Labs, has transformed the approach to developing unique blockchains and distributed applications. Several companies have committed to building subnets utilizing AvaCloud, including the Korean conglomerate SK Group, the gaming application Blitz, and AAA game developer Shrapnel.
This illustrates the increasing interest in and adoption of Avalanche’s flexible blockchain solutions across various industries. The protocol has demonstrated its capability to manage a high volume of transactions and interactions, boasting over a million monthly active users. It has further established its position as a significant blockchain platform.
The growing popularity of the blockchain network and its user base suggests promising prospects for the technology’s future. Industry stakeholders anticipate that the adoption and use of Avalanche’s blockchain protocol and services will increase as more developers and users recognize the benefits of Avalanche’s technology.
The expansion of Avalanche’s partnerships and collaborations reflects the platform’s rising prominence. Circle, the issuer of the USDC stablecoin, recently made headlines by announcing that their Euro-backed stablecoin EUROC is now natively available on Avalanche.
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