{"id":315967,"date":"2023-05-25T19:00:20","date_gmt":"2023-05-25T13:30:20","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=315967"},"modified":"2023-05-25T12:00:44","modified_gmt":"2023-05-25T06:30:44","slug":"avalanche-attempts-to-expand-its-user-base-by-launching","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/avalanche-attempts-to-expand-its-user-base-by-launching\/","title":{"rendered":"Avalanche attempts to expand its user base by launching&#8230;"},"content":{"rendered":"<ul>\n<li><em>Daily active addresses on the network hit a 6-month high.<\/em><\/li>\n<li><em>Using AvaCloud, businesses could speed up the deployment of subnets.<\/em><\/li>\n<\/ul>\n<p>The Avalanche [AVAX] ecosystem has been expanding steadily on the back of innovative offerings introduced lately such as the <a href=\"http:\/\/ambcrypto.com\/avalanche-launches-cortina-upgrade-but-will-things-change-for-avax\/\">Cortina Upgrade<\/a> and the Evergreen Subnets. These products have bolstered network activity on the layer-1 (L1) blockchain and attracted new users.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"http:\/\/ambcrypto.com\/predictions\/avalanche-2-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Avalanche\u2019s [AVAX] Price Prediction<\/a>\u00a02023-24<\/p>\n<hr \/>\n<p>A crypto analyst took to Twitter to reveal that daily active addresses on the network have hit a 6-month high, a testimony to Avalanche&#8217;s increasing appeal for dApp deployment.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">And just like that, <a href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVAX<\/a> Daily Active Users hit a 6 month high.<\/p>\n<p>Probably nothing. \ud83d\udd3a <a href=\"https:\/\/t.co\/qH5q0MV1Kq\">pic.twitter.com\/qH5q0MV1Kq<\/a><\/p>\n<p>&mdash; Emperor Osmo \ud83d\udc02 \ud83c\udfaf (@Flowslikeosmo) <a href=\"https:\/\/twitter.com\/Flowslikeosmo\/status\/1661160100780974081?ref_src=twsrc%5Etfw\">May 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>To boost the development of subnets, Ava Labs, the main developer behind the Avalanche blockchain, announced the launch of AvaCloud, a Web3 launchpad which will help businesses build no-code, fully managed blockchain ecosystems.<\/p>\n<h4>Avalanche on cloud nine<\/h4>\n<p>Subnets are the preferred scaling solution for Avalanche which allow users to create and deploy application-specific blockchain networks. Platforms have a lot to gain from leveraging these app-specific blockchains if they want more control over infrastructure.<\/p>\n<p>However, the process has become complex, time consuming and expensive. This is where AvaCloud comes into the picture.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are proud to announce the launch of <a href=\"https:\/\/twitter.com\/AvaCloud?ref_src=twsrc%5Etfw\">@AvaCloud<\/a>, the Web3 launchpad for deploying and scaling no-code, fully managed custom blockchains.<\/p>\n<p>AvaCloud marks a landmark shift in the blockchain development process. <a href=\"https:\/\/t.co\/lT93YZV6sD\">https:\/\/t.co\/lT93YZV6sD<\/a><\/p>\n<p>Let&#39;s dive in to AvaCloud  \ud83d\udc47 <a href=\"https:\/\/t.co\/ddXj0ahIIw\">pic.twitter.com\/ddXj0ahIIw<\/a><\/p>\n<p>&mdash; Ava Labs \ud83d\udd3a (@AvaLabs) <a href=\"https:\/\/twitter.com\/AvaLabs\/status\/1661380521803362305?ref_src=twsrc%5Etfw\">May 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>AvaCloud product suite consists of four components like automated blockchain builder, managed validators, comprehensive data tools, and chain interoperability.<\/p>\n<p>Using these, businesses can significantly cut down time-to-market and operating costs connected with the deployment of subnets without having to hire Web3 experts.<\/p>\n<p>Ava Labs stated that Korean conglomerate SK, gaming app Blitz, and AAA game studio Shrapnel were among the early users who started building their custom chains using AvaCloud.<\/p>\n<h4>Development activity rises<\/h4>\n<p>Another factor corroborating Avalanche&#8217;s expanding landscape was the growing number of smart contracts and developers. Crypto analyst Alex Wacy drew attention to the strong performance of the proof-of-stake (PoS) chain on these two fronts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Let&#39;s talk about developers:<\/p>\n<p>The engagement of developers is often overlooked, but the number of contracts and deployers can be a powerful indicator of interest in a project.<\/p>\n<p>As evident, this metric indicates strong engagement.<\/p>\n<p>6\/ <a href=\"https:\/\/t.co\/jw53e4cCrM\">pic.twitter.com\/jw53e4cCrM<\/a><\/p>\n<p>&mdash; Al\u039ex Wacy \ud83c\udf10 (@wacy_time1) <a href=\"https:\/\/twitter.com\/wacy_time1\/status\/1661392054038171648?ref_src=twsrc%5Etfw\">May 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Furthermore, despite a large drop in the average price of the AVAX token in the bear market, the total value locked (TVL) has witnessed a lower degree of reduction, indicating sustained interest in the Avalanche network.<\/p>\n<figure id=\"attachment_315981\" aria-describedby=\"caption-attachment-315981\" style=\"width: 1100px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-1.jpg\"><img decoding=\"async\" class=\"size-full wp-image-315981\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-1.jpg\" alt=\"\" width=\"1100\" height=\"385\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-1.jpg 1100w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-1-300x105.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-1-1024x358.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-1-768x269.jpg 768w\" sizes=\"(max-width: 1100px) 100vw, 1100px\" \/><\/a><figcaption id=\"caption-attachment-315981\" class=\"wp-caption-text\">Source: DeFiLlama<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Realistic or not, here\u2019s\u00a0<a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">AVAX\u2019s market cap in BTC terms<\/a><\/p>\n<hr \/>\n<h4>AVAX in doldrums<\/h4>\n<p>The token exchanged hands at $14.15 at the time of publication, representing a fall of 1.83% in the last 24 hours, data from <a href=\"https:\/\/coinmarketcap.com\/currencies\/avalanche\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a> revealed. AVAX was in the middle of a bearish phase, having recorded monthly losses of over 16%.<\/p>\n<p>Additionally, the sentiment percolated to futures markets as well. As per Coinglass, there was a dominance of bearish short positions in the market.<\/p>\n<figure id=\"attachment_315982\" aria-describedby=\"caption-attachment-315982\" style=\"width: 1109px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-new.jpg\"><img decoding=\"async\" class=\"size-full wp-image-315982\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-new.jpg\" alt=\"\" width=\"1109\" height=\"290\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-new.jpg 1109w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-new-300x78.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-new-1024x268.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/AVAX-new-768x201.jpg 768w\" sizes=\"(max-width: 1109px) 100vw, 1109px\" \/><\/a><figcaption id=\"caption-attachment-315982\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Ava Labs announced the launch of AvaCloud, a Web3 launchpad which will help businesses build no-code, fully managed blockchain ecosystems.<\/p>\n","protected":false},"author":70,"featured_media":315973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-315967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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