• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Avalanche Secures $250 Million to Support Avalanche9000 Debut

user avatar

by Giorgi Kostiuk

a year ago

Avalanche has secured $250 million through a closed token sale to support the upcoming Avalanche9000 upgrade, aimed at enhancing developer-friendliness and scalability.

Avalanche9000 Upgrade

Avalanche9000 is regarded as a significant advancement for the network, improving developer conditions, reducing costs, and enhancing scalability. Key features of the upgrade include interchain communication, developer incentives, and scalability enhancements, supporting over 500 Layer-1 blockchains for diverse applications. Validators will benefit from transitioning to a monthly subscription of 1.33 AVAX, reducing costs.

Success in DeFi and Gaming

Avalanche's Total Value Locked (TVL) has risen to $1.65 billion, indicating its appeal in the decentralized finance ecosystem. Projects like DeFi Kingdoms and Dexalot contribute to this growth. In gaming, Avalanche has made strides, with the game 'Off The Grid' becoming the most downloaded free game on Epic Games in October.

Institutional Adoption of Avalanche

Institutional adoption of Avalanche is growing, with BlackRock's 'USD Institutional Digital Liquidity' fund expanding to Avalanche, and Franklin Templeton's 'OnChain US Government Money Market' fund adding Avalanche to its platform.

The Avalanche9000 upgrade and increasing institutional interest in Avalanche demonstrate its significant potential across various industries. These steps support further ecosystem development and integration.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

North Korean IT Workers Reportedly Infiltrate DeFi Projects

chest

Researcher Taylor Monahan revealed that North Korean IT workers have infiltrated over 40 DeFi projects in the past seven years, raising alarms about their potential influence and risks to the crypto ecosystem.

user avatarEmily Carter

ZachXBT Exposes North Korean Crypto Payment Server

chest

Crypto detective ZachXBT has uncovered an internal payment server linked to North Korean crypto operations, revealing 390 accounts and chat logs.

user avatarFilippo Romano

Chainalysis Forecasts Stablecoin Transactions to Match Visa and Mastercard

chest

Chainalysis predicts that on-chain stablecoin transactions could reach parity with Visa and Mastercard transaction counts by 2031-2039.

user avatarKaterina Papadopoulou

Regulatory Uncertainty Impedes Banking Sector's Technological Advancement

chest

The recent CEA study highlights the need for regulatory clarity in the banking sector to foster innovation and investment in new technologies.

user avatarTomas Novak

Call for Upgrading Bitcoin's Cryptography Amid Quantum Threats

chest

Call for Bitcoin to adopt new cryptographic measures to enhance security amid Quantum Computing concerns.

user avatarLeo van der Veen

Analysis of Quantum Computing Threats to Bitcoin

chest

Analysis of Quantum Computing threats to Bitcoin, highlighting potential risks to wallet security and the need for upgraded cryptographic measures.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.