According to DefiLlama, a DeFi analysis platform that tracks the activities on decentralized blockchains, Avalanche’s TVL grew by $50 million in just two days.
Avalanche is one of the fastest, smart contracts platforms, currently existing. Its consensus protocol is revolutionary, and its novel Subnets allow developers to easily launch highly-scalable Web3 solutions.
As of the 10th of January 2023, the TVL on Avalanche was valued at $794 million. Two days later, on the 12th of January 2023, the TVL was $852 million. The TVL is usually an indicator of how many users interact with a blockchain, which can also influence the value of the Blockchain’s native token. And Avalanche’s AVAX has gone up $3 within two days.
Avalanche’s TVL took a heavy hit in November 2022, where it dropped below the $1 billion mark for the first time in a long time, and has been seeing a steady decline since then, falling from $1.5 billion to $759 million at the start of January 2023.
Fortunately, it seems Avalanche’s TVL is going green, and there are a couple of speculated reasons for that.
The most prominent is Avalanche’s partnership with Cloud infrastructure giant, AWS. Avalanche launched a new feature in collaboration with AWE which comprises a compliance validator. The aim is to introduce Blockchain and scalability solutions to cloud devs, enterprises, and governments.
This partnership would speed up Blockchain adoption and support compliance use cases. AWS would be connected to Avalanche’s ecosystem, and Avalanche nodes and operators would be able to run on the AWS marketplace which enables a “one-click” node deployment feature on AWS GovCloud.
Ava Labs also plans on adding a Subnet deployment functionality as a service on the AWS marketplace. This would allow institutions to customize and launch their Subnets with little friction. This functionality would include validators tasked with securing the Subnet across multiple time zones, thereby increasing its agility.
According to Howard Wright, the Vice President and global startup head of AWS, their partnership with Avalanche is focused on providing constantly advanced technologies for developers and users. It aims to provide opportunities for Startups based in dormitories to be able to compete favorably against multi-million dollar corporations and enterprises. And the new infrastructure by Avalanche allows them to achieve that aim.
Thus they are thrilled to add Ava Labs to their network of over 100k partners residing in 150 countries. And to provide needed support to Avalanche’s infrastructure and ecosystem.