The Avalanche subnet ecosystem is accelerating its maturity. By the end of September, there were 107 blockchains based on its subnet architecture, with a total locked value surpassing $9.3 billion—what does this number mean? It indicates that the era of vertical application chains has truly arrived.

Just look at the performance of leading subnets. The gaming chain Beam handles 3 million transactions per day, supporting the stable operation of over 20 blockchain games including "Challenger"; institutional finance chain Intain is serving traditional giants like Morgan Stanley and Goldman Sachs, managing $2.8 billion in asset tokenization business; DeFi professional chain Swimmer has a TVL of $1.7 billion, specializing in cross-chain aggregation.

These are not just numbers; genuine user demand is driving them. The previous general-purpose chain approach—doing everything and stacking everything—can no longer meet the market’s demand for vertical depth. Application-specific chains indeed have obvious advantages: faster response times, lower costs, and better user experience. This is no longer just a theoretical guess.

The foundation has clearly recognized this direction and recently announced a $250 million subnet acceleration fund, focusing on AI, gaming, and RWA fields. This shows they are betting real money on this trend—ecosystem segmentation and the rise of dedicated chains. This momentum will only grow stronger.