What he’s saying: Nahas told Sam Ewen at CoinDesk Generation C that Avalanche is a trading tool, not a crypto product. He said companies want a customized blockchain infrastructure that fits operational, geographic and compliance needs.
Nahas compared Avalanche’s model to WordPress, arguing that companies should be able to “spin up” a blockchain the same way they spin up websites.
He said Avalanche’s strategy has moved from broad crypto narratives to “built for business” and integrated finance.
The goal, according to Nahas, is to help companies generate new revenue through digitalization or reduce costs through more efficient digital ways.
Why it matters: The discussion shows how a major crypto network is trying to distance itself from speculative token mania and present itself as enterprise infrastructure.
Nahas said that much of cryptocurrency has been “technology for technology’s sake,” with very few products solving specific customer problems.
He argued that companies don’t want to force their operations onto a general-purpose shared chain if they need privacy, specific fee structures or regulatory controls.
That stance reflects a broader industry push to hide the underlying blockchain and sell results: faster payments, tokenized assets and new customer experiences.
A closer look: Nahas said Avalanche’s former “subnetting” model, now rebranded as Avalanche L1s, is designed to allow companies to run sovereign blockchains with their own validators and rules.
He said Avalanche has more than 70 active L1s and is targeting approximately 200 by the end of the year.
He noted use cases including tokenized stocks, FIFA digital products, deed registries in Bergen County, New Jersey, and tokenized asset programs in Japan.
Nahas said Avalanche’s combined L1 activity is processing about 40 million transactions daily, although those transactions are spread across many chains rather than concentrated on one flagship network.
Reading between the lines: Nahas was direct in saying that critics of cryptocurrencies are not entirely wrong. He said much of the industry has been based on speculation, weak business models and short-term headlines.
He said that “the token was the product” of many projects, which in his opinion is not a lasting business model.
Nahas argued that the sector has not yet produced enough true “killer apps” that only blockchain can enable, although he suggested that stablecoins could be emerging as one of them.
He also said that business partners are already in the cryptocurrency world, but they often don’t like what they see when projects focus more on announcements than execution.
What comes next: Nahas said clearer rules could unlock more institutional activity, even if the more libertarian wing of cryptocurrencies resists regulation.
He said many companies want to build with blockchain now, but they won’t until they know where the legal line is.
As for AI, he said blockchain-based payment lanes could become important for agent systems and micropayments, pointing to Avalanche partner Kite AI as an example.
His broader argument: The winning crypto platforms will be those that act less like an ideology and more like trusted business infrastructure.
