Ava Labs CEO Emin Gün Sirer made a statement about the Avalanche network on his official Twitter address.
Emin Gün Sirer made a statement on Twitter on May 26:
You’ve never seen a truly scalable blockchain before. First of all, scaling chains will have lower fees. Do you remember how you complained when the transaction fee was $500 per transaction in Ethereum? When did a transfer go from $0.05 to $3.5 on Avalanche? Now it’s back to $0.05 and that’s what we all want.
said.
Sirer only works on mainnet Wages cannot be low states. Using subnets of the Avalanche network DeFi and dApp fees Stating that they aim to reduce the number of subnets, the CEO said, “As more subnets come into play, our native token AVAX will be used for inter-chain transfer fees and other liquidity needs. will be kept in subnet pools” made statements.
Also, the Ava Labs CEO is not just using a blockchain. looking at their activity on the mainnet He stated that it should not be evaluated and that by doing this, false information will be reached.
According to Sirer, humans have created the Avalanche network. cheap, reliable and decentralized because it uses it. As such, there is an increase in C-chain fees. In his statement at the CEO, he stated that they have created subnets so that these transaction fees can be low, so that there will be much more validators.
In addition, AVAX, which has recently lost value due to the claim that there will be no sales and maximum supply by LUNA, It has lost 68% of its value in the 30-day period. at the time of writing from $22.6 is being traded. on CoinMarketCap While the maximum supply is still unknown Total supply of AVAX according to CoinGecko data It is 720 million.