John Wu, president of Ava Labs, has said as part of the Decrypt podcast that despite the cryptocurrency industry is still too small to compare large projects, such an approach is useful when describing the product being created.
The startup is behind the development of Avalanche, an open source platform for running decentralized applications, public and private blockchains. According to Wu, the project is not a competitor to Ethereum. He has said:
“It’s always easier to compare to someone who did such a good job and Ethereum did a great job.”
According to CoinGecko, the native token of the AVAX platform occupies the 12th place in the rating of crypto assets by capitalization with a value of $18.8 billion.