Conceived as a blockchain ecosystem to launch DeFi and DApss and supported by a 3rd generation consensus protocol, Avalanche has recorded one of its best weeks since its launch. The fundamentals of its native token AVEX remain strong and as it gains more attention in the crypto space, it looks poised for another rally.
Ava Labs CEO Emin Gün Sirer confirmed that the platform recorded close to 1 million transactions on its smart contract blockchain. The surge in transaction volume, as reported by Sirer, occurred in the last two months adding that “Avalanche is becoming the most advanced public-goods layer-1.”
The platform was deployed with the capabilities to be “highly scalable and interoperable” even for corporate use. In that regard, Sirer stated that compatibility with Ethereum’s Virtual Machine has become a must-have for Avalanche and any other project looking to stay competitive in the DeFi and the layer-1 space.
Outlining how investors have been able to take advantage of