Avalanche Hits 1M Monthly Active Users a Week After AvaCloud Went Live

Popular blockchain platform Avalanche (AVAX) has reached a milestone of one million Monthly Active Users (MAU) about a week after the launch of AvaCloud Platform, its innovative cloud computing service. Interestingly, Ava Labs, the creator of Avalanche, believes the launch of AvaCloud has played a crucial role in the rapid growth of Avalanche’s user base.

The AvaCloud Platform is a no-code outfit that enables the creation and launch of “custom blockchains,” also known as subnets, on top of the Avalanche network. This innovative solution empowers developers and users to build and deploy their own blockchain networks quickly and easily, without the need for extensive coding knowledge.

Emin Gun Sirer, founder and CEO of Ava Labs highlighted that the introduction of subnets through AvaCloud has revolutionized the process of building customizable blockchains and specialized decentralized applications.

Currently, several projects, including the Korean conglomerate SK Group, gaming app Blitz, and AAA game studio Shrapnel, have committed to building subnets via AvaCloud. This highlights the growing recognition and adoption of Avalanche’s customizable blockchain solutions across diverse industries.

As of the time of writing, AVAX, the native cryptocurrency of the Avalanche blockchain network is trading at $14.20 atop a 1.25% growth in the past 24 hours, indicating an upward trend in its price.

Avalanche Solidifies Position in the Blockchain Ecosystem

With one million monthly active users, the protocol has demonstrated its ability to handle a significant load of transactions and interactions on its network, further solidifying its position as a leading blockchain platform.

Looking ahead, the blockchain network’s rapid growth and expanding user base suggests a promising future for the platform. As more developers and consumers discover the benefits of Avalanche’s technology, industry stakeholders anticipate an increase in the adoption and utilization of its blockchain protocol and services.

Avalanche’s growing adoption is also reflected in its expanding network of partnerships and collaborations. Recently, Circle, the USDC stablecoin announced that its Euro-backed stablecoin EUROC is now natively available on Avalanche, marking the company’s first move into multichain expansion. 

Similarly, Alibaba’s cloud division has created a platform allowing enterprises to construct metaverse spaces on the blockchain.