The number of users in the Avalanche network exceeded one million

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The number of active users of the Avalanche Tier 1 Blockchain (AVAX) has crossed the 1M monthly mark for the first time.

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.

“Before AvaCloud, creating your own blockchain could cost millions of dollars and years of research with an experienced team. Now you can run a chain as a testnet in minutes and deploy a fully mature network in a few weeks without hiring many engineers,” the founder and CEO commented on the event. Ava Labs Emin Gun Sirer.

According to a statement from the company, Korean conglomerate SK Group, game application Blitz and game studio AAA Shrapnel have begun developing subnets based on the platform.

“The continued growth of Avalanche users reflects the momentum the network is generating through a series of partnerships announced in 2023, from AWS to Avalanche Evergreen. We have had a steady stream of innovative launches. dappsthe number of subnets is constantly increasing,” Ava Labs Vice President John Nahas told The Block.

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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