A look at Avalanche subnets

Avalanche mainnet was launched in September 2020 by Ava Labs as a generic smart contract blockchain. It introduces the novel Avalanche consensus protocol and also incorporates the use of directed acyclic graphs (DAG) instead of a single linear chain. These technical differences allowed Avalanche to scale as a general-purpose blockchain in areas where Ethereum could not.

Since the launch of Avalanche’s EVM-compatible C-chain, the Avalanche network has seen a steady increase in its utilization. Additionally, the 7-day average gas fee on Avalanche has remained relatively affordable at 53.2 nAVAX as opposed to 40.7 gwei on Ethereum, where the former is 30x cheaper than the latter.