Akave launches the first decentralized data layer on Avalanche L1, targeting enterprise AI and DePIN. AVAX gains momentum ahead of key SEC ETF decision.
Akave, a decentralized storage network, has launched Akave Cloud on a dedicated Avalanche AVAX $21.68 24h volatility: 18.6% Market cap: $9.25 B Vol. 24h: $2.74 B Layer-1 blockchain.
The launch, announced on July 9 2025, introduces the first decentralized data layer on the network designed for enterprise-grade applications.
The new platform targets sectors like decentralized artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), and Software as a Service (SaaS).
Akave Cloud provides encrypted and verifiable storage by anchoring data logic directly to smart contracts, eliminating the need for centralized intermediaries.
Akave CEO and Co-Founder Stefaan Vervaet explained that the company chose Avalanche not just for its technology, but because of a shared focus on building enterprise-grade infrastructure within its ecosystem.
Akave’s launch highlights Avalanche’s increasing focus on institutional and enterprise adoption. Its Subnet architecture, which enables the creation of custom, sovereign blockchains, has recently attracted high-profile partners.
Financial giant Citi used a Subnet to pilot the tokenization of private assets, while the California DMV is using a private Subnet to migrate 42 million vehicle titles.
Further cementing its push into the mainstream, FIFA, the international governing body for football, selected Avalanche in May 2025 to power its official blockchain for fan engagement initiatives.
This move aligns with data showing that crypto gaming is a primary driver of user activity on the network, demonstrating its appeal for both institutional and consumer-facing applications.
Institutional Momentum Drives AVAX Price Up
Recent market activity is reflected in AVAX’s price, which has risen over the past week from under $18 to above $19.50.
7-day AVAX/USDT price chart on Binance. Source: TradingView
This market movement comes as investors anticipate a key regulatory decision. The U.S. Securities and Exchange Commission (SEC) is expected to announce its decision on Grayscale’s application for a spot Avalanche ETF by July 15, 2025.
Meanwhile, VanEck filed for the “VanEck Avalanche ETF” in Delaware recently, signaling a potential spot AVAX ETF launch.
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