Subnets have made Avalanche infinitely scalable, and adoption is gaining traction.
Key points:
- Avalanche is deep in the bear market and is down more than 80% from its most recent all-time highs.
- Avalanche launched subnets, making it a highly scalable blockchain perfect for any kind of Dapps.
- Adoption of Avalanche subnets is already on the rise in DeFi and Gaming.
Avalanche (AVAX) like the rest of the market, is still deep in the bear market. However, when you look beyond the price, a lot is going on within the Avalanche ecosystem that could see it outperforming many cryptocurrencies once the bull market returns. One of the key factors likely to drive Avalanche adoption is its positioning for the fast-growing Web 3.0 market. Web 3 apps are coming up fast and growing at an unprecedented rate. However, scale is a challenge as most major platform blockchains can’t handle the increased load.
Avalanche seeks to solve this problem with subnets. Subnets are application-specific blockchains that run within the Avalanche ecosystem. Using subnets, developers choose which validators, which virtual machine to use, and even which token will pay a fee. All this, while relying on basic level Avalanche safety and speed.
This opens up the door for infinite scalability, and adoption is already rising. For instance, there has been an upsurge of subnets adoption in everything from DeFi to gaming. Institutions are also adopting Avalanche subnets to develop highly customized applications that are secure and scalable.
Is Avalanche a good cryptocurrency to buy today?
With the launch of subnets, Avalanche should see an upsurge in adoption going forward. Thanks to its scalability, Avalanche is already known as one of the best blockchains for launching Dapps. Essentially, now that it increases both scalability and security, adoption will only increase. By extension, this means good prospects for AVAX, the token that governs the Avalanche ecosystem.
Even with all these developments, AVAX is trading at a massive discount. From highs of $146.22, AVAX is currently trading at $24.66, a drop of 83%. Once the market rebounds and AVAX gains momentum, even retesting its all-time highs would give investors a massive return on investment.
Conclusion
Despite falling prices in the crypto market, Avalanche’s fundamentals are improving. Launching subnets has made Avalanche more scalable than ever and very attractive for launching all kinds of Dapps. Adoption is already on the rise, especially in gaming, giving AVAX strong prospects for long-term value appreciation.
