Subnets are Supercharging Scalability on Avalanche
Over the past year, The Avalanche ecosystem has experienced tremendous growth. With Over $12B TVL, and more than 70,000 daily active users, Avalanche has become one of the largest hubs for DeFi outside of Ethereum.
An Avalanche subnet can be thought of as a Layer 2 on Ethereum or a parachain on Polkadot, but with a fully isolated state (no shared security), and more flexibility in design and implementation. Anyone on Avalanche can freely create a subnet whenever they want by burning 1 AVAX token and paying some small additional fees.
Clayton Menzel delves deeper into the subject in the article available on Figment