- Ava Labs CEO unveiled that some big entities will be joining them.
- Avalanche is considered as the rival of the second biggest cryptocurrency.
- AVAX was trading at the market value of $23.03, up by over 10%.
Something Big Is Coming On Ava Ecosystem
Avalanche is among the ecosystems that is believed to overcome Ethereum blockchain at some point. John Wu, the CEO of the organization appeared in an interview with Anthony Pompliano, where he shared his thoughts and details regarding the future of the Ava ecosystem. He says that big entities will join them in the upcoming 12 months.
Though the Ava Labs CEO wasn’t able to hide his excitement in the interview, he maintained his cool. Unlike Tom Holland, who has spoiled the Marvel movies many times in excitement. Well, it actually increased the curiosity of Marvel fans. Anyways, he confirmed that users are going to witness some cool stuff in the upcoming year. We hope the same.
Wu said that the mysterious big names are from the gaming and finance sector. The subnets on this blockchains are easily adopted by the gamers due to its visibility towards gaming. Also, financial institutions are well aware of blockchain’s potential. When it comes to money and information, blockchain is capable of handling both at the same time.
Also Read: Ifancythat – shop your favorite retail, travel, and leisure brands with crypto
Avalanche Ecosystem Updates
As per the data offered by Messari, the AVAX ecosystem has experienced some growth in recent times. Number of unique developers and smart contracts started rising from April 2021. It witnessed a massive boom during May 2022, when the unique contracts surged suddenly over 70K. Similarly, daily active user count increased during August 2021 to February 2022, but fell rapidly after that.
The Avalanche Explorer will also initiate the latest features for users and devs. It will allow them to use some high quality tools for developmental purposes.
The blockchain is considered as one of the biggest Ethereum rivals. As of now, Avalanche is able to process 4,500 transactions per second, while ETH is way too behind, with 15-20 TPS. The figures themselves say who’s superior in terms of scalability. At the time of publishing, AVA was exchanging hands at $23.03, bullish by more than 10% during the past 24 hours.
Source: https://www.thecoinrepublic.com/2022/07/28/ava-labs-promises-entry-of-some-big-names-within-a-year/