Following Amazon Web Services (AWS) partnership with Ava Labs advance (AVAX) price increased by 26%. This partnership will contribute to driving greater adoption of blockchain for businesses, institutions and governments.
It’s official! @Amazon #ChoseAvalanche to bring scalable blockchain solutions to enterprises and many 🔺#AWS fully supports Avalanche’s infrastructure and dApp ecosystem, including one-click node deployment, offering the best tooling for these high compliance use cases. pic.twitter.com/syInSrU9XD
NEWS CONTINUES BELOW— Avalanche 🔺 (@avalancheavax) January 11, 2023
The partnership aims to increase the strength and flexibility of the network for developers. However, Ava Labs’ layer-1 blockchain Avalanche (AVAX) aims to make it easy to set up and manage nodes for individuals and organizations.
Avalanche Collaborates with Amazon Web Services!
AWS currently supports Avalanche’s decentralized application (dApp) ecosystem and infrastructure. According to the blog post, Ava Labs now plans to add Subnet deployment as a managed service to the AWS Marketplace so both individuals and institutions can easily launch customized Subnets. These developments had a positive impact on the AVAX price.
It is very important for the blockchain world because it makes this technology more accessible and simple for businesses and people. Avalanche has been used by many businesses to improve networks. This number is expected to increase with the help of AWS.
“We would love to deliver a better experience for the 500+ apps currently on the chain and we now have a real partnership that we can refer to the Activate program,” said John Wu, president of Ava Labs.
This also ushers in a new era for blockchain technology as a whole, as AWS is the first core partnership with a blockchain company. Ava Labs’ Subnet deployment managed service will also be available in the AWS market.
AVAX Price Rises By 26%!
Following the partnership announcement, AVAX price rose 26% from its daily low of $12.27 to an intraday high of $15.42. The recent price increase has erased all the losses in the last 30 days.
As Koinfinans.com reported, at the time of writing, Avalanche price was up $15.38, market cap was $4.7B, and 24-hour trading volume was up 359.34%. It is currently at 11 B dollars. At the same time, the circulating supply is approximately 311,582,143 AVAX.