Ava Labs chairman John Wu believes AVAX will continue to “boost” as Avalanche heads into 2022.
What’s more, John Wu boasted in a recent interview that His project is the fastest growing considering layer one’s growth rate, he said.
“I think we have over 1 million transactions per day, about 70-80% of our transactions on Ethereum, and I think that’s really exciting.”
Fantom’s daily transactions, however, surpassed AVAX at the start of the year.
Delphi Digital noted through research that Launching something new on Fantom will make a significant impact, while AVAX remains stuck at just 800,000 transactions per day.
He also added that ‘Developers turn to Avalanche not just because of technology. But there is something important like the Innovative Consensus Protocol hidden.’
“It’s EVM-compatible.” (EVM is Ethereum Virtual Machine)
Wu also believes that next year AVAX’s project will delve even deeper into the Metaverse, as AVAX has a “strong stance on DeFi,” he explained.
“There is instant finality on Avalanche that allows payments. It works very well for both transactions and gaming.”
After releasing DeFi Kingdoms on Avalanche’s network with skyrocketing growth, Wu commented,
“Last year it was NFT, this year it was NFT plus gaming, or is it some point between the two?
As more companies are devoted to gaming and the likes of Metaverse, executives are doubling down on their plans to keep up with the trend.
Shanghai, a city that maintains strict crypto regulations, has also added Metaverse to its development plan. from local news reports The Chinese government is “Support the use of Metaverse in areas such as public service. Business office, entertainment media, production and industrial safety including electronic games as well.”
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