• 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

Long-Term Holders Reduce Exposure Amid Market Uncertainty

chest

Long-term Bitcoin holders are reducing their exposure at an unprecedented pace, indicating potential cycle exhaustion and weakening conviction among veteran holders.

user avatarTomas Novak

Miner Capitulation Signals Late-Cycle Pressure for Bitcoin

chest

Recent data suggests that miner capitulation is unfolding at a familiar point in the Bitcoin market cycle, adding pressure to the current phase.

user avatarKaterina Papadopoulou

Blockchain Startups Plan Significant Growth in 2026

chest

A recent survey indicates that 84% of blockchain startups intend to increase their workforce, focusing on Product Engineering and Business Development roles.

user avatarMaya Lundqvist

Betterment: Your Go-To for Fixed Income Portfolios

chest

Betterment specializes in fixed income portfolios, offering options like the BlackRock Target Income portfolio focused on 100% bond allocations to protect capital and maximize interest income for conservative investors.

user avatarBayarjavkhlan Ganbaatar

Schwab Intelligent Portfolios: A No-Fee Option for Income Investors

chest

Schwab Intelligent Portfolios offers tailored income-focused portfolios with zero advisory fees, appealing to passive income investors.

user avatarLi Weicheng

Wealthfront Excels in Tax Optimization for Passive Income Investors

chest

Wealthfront is recognized as a leader in tax optimization strategies for passive income investors, enhancing net after-tax income through automated daily Tax-Loss Harvesting.

user avatarLeo van der Veen

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.