Avalanche (AVAX) grew by 20% in a few hours after Ava Labs’ partnership with Amazon web Services went live.
According to reports, the partnership will help scale blockchain adoption across enterprises, institutions, and governments. With Ava Labs joining the AWS Partner Network (APN), it can deploy products on AWS with more than 100,000 partners worldwide. Howard Wright, VP and global head of startups at AWS, said:
“Looking forward, web3 and blockchain is inevitable. No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before.”
Moreover, AWS will support Avalanche’s DApp ecosystem, along with one-click node deployments, through its marketplace. Ava Labs will join AWS Activate, a program for startups and early-stage entrepreneurs.
“This is the beginning of something much, much bigger,” John Wu, president of Ava Labs, said, adding that the Subnets will allow developers “to spin up their own blockchain, a full blockchain, in Amazon very easily.”
With the AWS-Avalanche collaboration, more people will be able to launch and manage Avalanche nodes, increasing the network’s flexibility and strength, according to reports. Avalanche’s total volume currently stands at $458,893,881 – up 88.75% in 24 hours.
The AWS website notes that about 25% of all Ethereum workloads run on AWS – which is already being used by several blockchains.
At the time of press, Avalanche is ranked #17 by market cap and the AVAX price is up 24.62% over the past 24 hours. AVAX has a market capitalization of $4.94 billion with a 24-hour trading volume of $886.29 million. Learn more ›
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Market summary
At the time of press, the global cryptocurrency market is valued at at $879.65 billion with a 24-hour volume of $39.06 billion. Bitcoin dominance is currently at 39.26%. Learn more ›
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