Ava Labs is heading into 2025 with a long-term strategy focused on proprietary blockchains rather than short-term market trends, according to the company's chief business officer.
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- Ava Labs' John Nahas emphasized that Avalanche is focused on sovereign, use case-specific layer 1 blockchains, rather than a single network for all activities.
- Toyota, FIFA, and SMBC are building independent Avalanche chains tailored to their specific workflows, reflecting the demand for separate and secure blockchain environments.
- Avalanche currently supports nearly 80 live Layer 1 chains and over 100 on testnet, and is projected to support approximately 200 institutional and enterprise chains by next year.
Ava Labs Chief Business Officer John Nahas discussed the company's approach in an interview with The Street, noting Avalanche's expansion across traditional finance, global brands, and corporate executives.
When asked about the factors driving the network's expansion, Nahas cited Avalanche's underlying architecture and focus on building blockchains designed for specific use cases. “If you're hyper-focused on the crypto narrative on crypto Twitter and the crypto stories that go back and forth over three to four months, you're constantly playing catch-up,” Nahas said. “Our success is in the medium to long term. Anything worth doing takes time.”
According to industry data, Avalanche consistently ranks among the top 15 cryptocurrencies by market capitalization.
The company's theory focuses on a sovereign, dedicated layer 1 blockchain rather than a single chain that provides all functionality. Nahas explained that much of the industry operates on a “first generation business plan” based on the premise that all activities will eventually settle on one network.
“We don’t need more block space. We don’t need more blockchains,” Nahas said. “But we need more dedicated blockchains, because that’s how the real world works.”
The company's enterprise customers include large companies building individual blockchain environments. “Banks want their own environment. Asset managers want their own environment. Corporates want their own environment,” Nahas explained.
Nahas said Toyota has built four different Avalanche chains, each designed for a different workflow. Japan's FIFA and SMBC are also developing their own independent environments on the platform.
Avalanche supports interoperable private permissioned chains, public permissionless chains, and hybrid chains. “In effect, you're giving people solutions instead of looking for problems and giving them solutions,” Nahas said.
Nahas reported that the network's Avalanche Layer 1 blockchain is approaching 80, with over 100 in the testnet. The executive predicted that by next year there will be around 200 institutions and corporate chains operating across the finance, identity, artificial intelligence and government sectors.
