Avalanche (AVAX) Avalanche is a smart contract platform simil | Crypto Great | Bitcoin | DeFi

Avalanche (AVAX)

Avalanche is a smart contract platform similar to Ethereum. It allows builders to create their own networks that attach to the main Avalanche network. These are called subnets.

Last month, Avalanche announced a $290 million subnet incentive program to reward early users and builders of subnets. The first to receive funds from this program is the popular play-to-earn blockchain game, DeFi Kingdoms. Since its launch earlier this month, it’s generated over 4.2 million transactions.

This is just one of many subnets that will come online this year, which will lead to increasing demand for AVAX tokens.