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

Avalanche Secures $250M for Avalanche9000 Upgrade

user avatar

by Giorgi Kostiuk

3 months ago


Avalanche finalized a $250 million funding round on December 12 to support the implementation of the Avalanche9000 upgrade. The upgrade promises a significant reduction in blockchain deployment costs and improved scalability.

What is Avalanche9000?

Avalanche9000 is hailed as the network’s most significant upgrade to date. It aims to make Avalanche more developer-friendly, cost-efficient, and scalable, laying the groundwork for broader adoption across various industries. According to the company's announcement, the upgrade promises a 99.9% reduction in blockchain deployment costs. Developers can benefit from reduced upfront costs to launch their blockchains, with validators transitioning from a hefty one-time payment of 2,000 AVAX to a manageable monthly subscription of 1.33 AVAX. The upgrade is currently live in a testnet environment and set for its mainnet debut on December 16. Key features include: - Interchain Communication for seamless interactions between chains in the Avalanche ecosystem. - Developer Incentives with over $40 million in rewards for builders. - Scalability Enhancements supporting over 500 Layer-1 blockchains in development for applications ranging from DeFi to gaming.

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

Decentralized Finance and Gaming Momentum

Avalanche’s Total Value Locked (TVL) has surged to $1.65 billion, its highest in nearly two years, reflecting its increasing appeal within the decentralized finance (DeFi) ecosystem. Projects like DeFi Kingdoms and Dexalot are contributing to its rising prominence. In gaming, Avalanche has made notable strides. "Off The Grid," a battle royale game built on Avalanche, became the most downloaded free game on the Epic Games store in October.

Institutional Commitment

Institutional adoption is also on the rise. BlackRock’s USD Institutional Digital Liquidity Fund, valued at $561 million, recently expanded to Avalanche from Ethereum. Similarly, Franklin Templeton’s OnChain US Government Money Market Fund has added Avalanche to its platform.

The Avalanche9000 upgrade promises to bring significant changes to the ecosystem, making it more attractive to developers and investors. The $250 million in funding provides Avalanche with the opportunity to greatly expand its capabilities and increase its competitiveness.

0

Share

Other news

Eric Trump on the Future of Cryptocurrencies and Their Role in Finance

Eric Trump highlighted the significance of cryptocurrencies in finance, sparking a wide-ranging industry response.

user avatarGiorgi Kostiuk

3 minutes ago

Crypto Community's April Fools’ 2025 Highlights: Greenland and SBF Jokes

Crypto enthusiasts celebrated April Fools’ with pranks of Greenland purchase rumors and Sam Bankman-Fried's supposed keynote.

user avatarGiorgi Kostiuk

4 minutes ago

Troller Cat: A New Chance After Missing Fartcoin

Explore the new crypto project Troller Cat after missing out on Fartcoin. Discover its potential for success.

user avatarGiorgi Kostiuk

4 minutes ago

Arctic Pablo Coin: A Meme Coin's Path to Success

Arctic Pablo Coin stands out with unique features and rising interest, poised to become a significant player in the meme coin arena.

user avatarGiorgi Kostiuk

14 minutes ago

The Future of Cardano, Dogecoin, and BlockDAG: Forecasts and Achievements

Price analysis for Cardano, Dogecoin formation, BlockDAG innovations: a brief overview for 2025 and beyond.

user avatarGiorgi Kostiuk

14 minutes ago

XRP's April Rally Chances Remain Slim

Polymarket bettors see only a 2% chance of XRP hitting a new high in April. The cryptocurrency remains under pressure.

user avatarGiorgi Kostiuk

25 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.