Avalanche user base surpasses one million

The number of active users of the first-level Avalanche (AVAX) blockchain surpassed 1 million in a month 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, said the main driver of the growth was the recent AvaCloud launch. It is a no-code platform for launching and scaling fully managed and configurable custom blockchains.

We are proud to announce the launch of @AvaCloud, the 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, creating 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 weeks, without hiring a large engineering team,” commented Emin Gün Sirer, founder and CEO of Ava Labs.

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 the company’s statement, development of subnets on the platform began with the Korean conglomerate SK Group, game app Blitz, and AAA game studio Shrapnel.

“The steady growth in the number of Avalanche users reflects the momentum the network is generating thanks to a series of partnerships announced in 2023, from AWS to Avalanche Evergreen. We have seen a steady stream of launches of innovative dapps, and the number of subnets keeps rising,” said The Block vice president of Ava Labs John Nahas.

In early May, the Avalanche team agreed to cooperate with cloud services provider Alibaba Cloud to create a platform for deploying metaverses.

On May 25, Circle launched the euro-pegged stablecoin Euro Coin (EUROC) on the network.