Emin Gun Sirer’s $42 million blockchain for DeFi scaling has launched

Avalanche, a blockchain offering scalability to the world of decentralized finance took its mainnet live on Sept. 21. "From Snowflake to Avalanche, the decentralized platform has come a long way, and its journey has only just begun," Ava Labs said in a Sept. 21 statement on the mainnet launch.

Ava Labs is the entity responsible for building the Avalanche blockchain and project. Avalanche runs its own consensus protocol, paving the way for the blockchain to facilitate 4,500 transactions per second, or TPS, the statement explained.

Timeline of Avalanche