The Avalanche team has been tirelessly building through the bear market
They released a launchpad for deploying & scaling no-code blockchains, partnered with lots of institutions, and much more
Here's your chance to catch up with what's going on with #Avalanche:
In the middle of the bear market, Avalanche hit a new all-time high in monthly active wallets.
So I've decided to take a look at what the Avalanche team has achieved in the past months and what led to this fantastic growth.
Let's dive in:
twitter.com/jayks/status/1664292314221629443
🔶AvaCloud
AvaCloud is a Web3 launchpad for deploying & scaling no-code custom blockchains.
It went live 2 weeks ago.
As you may know, Avalanche aims to scale through subnets.
Subnets are fully customizable sovereign networks that are secured by a % of the $AVAX validators.
twitter.com/avalabsofficial/status/1661380521803362305
Subnets are great solutions especially for applications with specific requirements like very high throughput and extremely low fees.
(e.g. games)
AvaCloud aims to reduce the time required to spin up a subnet to just a few minutes⏲️
🔶HyperSDK
Earlier this year, Avalanche introduced HyperSDK, the first framework for building high performance Virtual Machines (VMs) on Avalanche.
VMs are core pieces of blockchains that take transaction information & execute smart contract interactions.
twitter.com/_patrickogrady/status/1637850258465239040
HyperSDK makes the process of launching an optimized blockchain on an Avalanche subnet much faster & easier.
Building their own VM makes sense for projects that want to optimize their subnet for specific use cases.
An experimental version of a HyperSDK VM achieved 50k TPS🤯
twitter.com/cgcardona/status/1661061517931061248
🔶Evergreen Subnets
One of the Avalanche's goals is to be the go-to for institutions.
With this in mind, Evergreen Subnets were introduced in April.
Evergreen Subnets are designed for institutional blockchain deployments.
twitter.com/avax/status/1643992066777808897
They feature user permissioning based on KYC standards, geofencing for jurisdictional requirements & other regulatory considerations that are needed by institutions.
🔶Spruce Subnets
In April, the Evergreen Subnet called “Spruce” has been launched.
4 institutional partners agreed to use Spruce and explore how they could leverage blockchain technology.
Spruce aims to drive institutional adoption of Avalanche subnets.
twitter.com/avax/status/1646177765211930625
In the initial phase, Institutional partners use dApps on Spruce to execute FX & interest rate swaps.
But the long-term goal is to facilitate asset tokenization through these subnets.
Intain has already launched a marketplace on a subnet for tokenized asset-backed securities.
🔶Partnerships with web2 & web3 giants announced in 2023
• In May, Alibaba Cloud announced the launch of a launchpad for businesses to deploy metaverses on Avalanche
• TSM, a leader in the esports industry, revealed their plans to launch a subnet and bring Blitz App on-chain
twitter.com/avax/status/1633165703359627266
• SK Planet, a leading data & technology company in South Korea, has just released its subnet
• DOS Labs, a gaming studio with 400k+ daily active players, launched a subnet in February
As @luigidemeo pointed out, the launch of the SK Planet Subnet has been very successful:
twitter.com/luigidemeo/status/1666602111730155520
And last but certainly not least, Avalanche partnered with Amazon Web Services in January, with AWS now supporting Avalanche’s infrastructure.
Moving on to DeFi projects, Uniswap & Balancer also announced their deployment on Avalanche in the coming months.
Sushi V3 has also been deployed on Avalanche C-Chain 2 days ago.
Overall, I am pleasantly surprised by the recent progress of the Avalanche team.
Especially in terms of institutional adoption, the project is doing great.
For regular Avalanche updates, follow @CaesarJulius0:
twitter.com/CaesarJulius0/status/1666828638287720449
Every Thursday I release a new newsletter issue where I share:
• on-chain insights
• my crypto watchlist & thoughts on the market
• a summary of what happened in DeFi last week
Join 3000+ others here for free👇
twitter.com/TheDeFinvestor/status/1664574597117669376