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

Avalanche Secures $250 Million for Launch of Avalanche9000 Update

user avatar

by Giorgi Kostiuk

a year ago

Avalanche has completed a $250 million funding round with major investors to implement the Avalanche9000 upgrade.

The Importance of Avalanche9000

Avalanche9000 is considered the network’s most significant upgrade. It aims to improve developer-friendliness, cost-effectiveness, and scalability. A key aspect is the dramatic reduction in blockchain deployment costs by 99.9%, offering developers lower upfront costs and transitioning to a monthly subscription model. Features of the upgrade include interchain communication, developer incentives, and scalability enhancements.

A single chain cannot cater to all use cases, no matter how fast you make it. The only winning architecture is multi-chain.Emin Gün Sirer

Financial and Gaming Achievements

Avalanche's Total Value Locked (TVL) has surged to $1.65 billion, its highest in nearly two years, reflecting its increasing appeal within the DeFi ecosystem. In the gaming sector, Avalanche has made significant strides. 'Off The Grid,' a game built on Avalanche, became the most downloaded free game on the Epic Games store.

Institutional Recognition

Institutional adoption of Avalanche is on the rise. BlackRock’s USD Institutional Digital Liquidity Fund has expanded to Avalanche, and Franklin Templeton has added Avalanche to its platform for its OnChain service.

The Avalanche9000 upgrade and the successful funding round highlight the network’s growing influence and recognition in the global financial and gaming markets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mobile Tram Advertising in Milan by TokenFi

chest

TokenFi deployed two fully wrapped trams in Milan to promote its brand during the Olympic Games.

user avatarArif Mukhtar

Russian Stablecoin A7A5 Surpasses $100 Billion in Transactions

chest

The ruble-pegged stablecoin A7A5 has completed over $100 billion in payments within a year, raising concerns about the enforcement of Russian stablecoin sanctions.

user avatarNguyen Van Long

Regulatory Actions Impacting A7A5 Access on Crypto Platforms

chest

In response to increased regulatory risks, several crypto platforms have restricted access to the A7A5 stablecoin, reflecting compliance concerns tied to Russian sanctions.

user avatarKofi Adjeman

Smaller DEX Platforms Show Steady Growth Amidst Competition

chest

Smaller platforms like tradeXYZ and Variational are steadily growing, attracting traders with unique strategies.

user avatarSatoshi Nakamura

River Forms Strategic Alliance with Sui Network to Boost Liquidity

chest

River has formed a strategic alliance with Sui Network to create a new liquidity layer connecting assets across ecosystems.

user avatarLucas Weissmann

InterLink Introduces Visa Card for Spending Digital Assets.

chest

InterLink has launched the InterLink Visa Card, a prepaid debit card for spending digital assets at merchants worldwide.

user avatarRajesh Kumar

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.