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

Avalanche9000 Upgrade: $250 Million Backing and New Platform Features

user avatar

by Giorgi Kostiuk

a year ago

Avalanche, a layer-1 blockchain, has completed a $250 million funding round to support the Avalanche9000 upgrade. The funding was led by Galaxy Digital, Dragonfly, and ParaFi Capital.

What is Avalanche9000?

Avalanche9000 is the most significant upgrade to the network to date, aiming to make the platform more developer-friendly, cost-efficient, and scalable. The upgrade reduces blockchain deployment costs by 99.9%. Key features include interchain communication and scalability developments, supporting over 500 blockchains.

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

Momentum in DeFi and Gaming

Avalanche's Total Value Locked (TVL) has surged to $1.65 billion, marking its highest in nearly two years. The growth reflects its rising appeal in the decentralized finance ecosystem. In gaming, Avalanche has made notable strides with games like 'Off The Grid' becoming the top free game on the Epic Games Store.

Institutional Adoption of Avalanche

Institutional interest in Avalanche is also on the rise. BlackRock and Franklin Templeton funds have expanded their platforms to include Avalanche, highlighting its growing prominence in the digital finance ecosystem.

The Avalanche9000 upgrade marks a significant milestone for the platform, offering enhanced capabilities for developers and drawing the attention of institutional investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

OZAK AI Token Gains Traction Ahead of Major Exchange Listing

chest

The OZAK AI token is gaining attention as it approaches a potential listing on major exchanges like Binance, with presale price increasing from 0.0001 to 0.0014 and potential returns of up to 6,900%.

user avatarAisha Farooq

Binance Coin Loses Ground as Market Capitalization Drops

chest

Binance Coin's market capitalization has fallen significantly, losing its position as a top cryptocurrency.

user avatarLi Weicheng

The Dangers of Relying on Headline ESG Scores

chest

Headline ESG scores provided by agencies can be misleading and insufficient for investors.

user avatarLeo van der Veen

Ethereum Launches $2 Million Bug Bounty for Fusaka Upgrade

chest

Ethereum community initiates a $2 million bug bounty for security improvements during the Fusaka upgrade.

user avatarTenzin Dorje

Strategic Deployment of Savings for Investment Growth

chest

Strategic deployment of accumulated capital is essential for transitioning from stored cash to productive investments.

user avatarRajesh Kumar

Declining Mempool Activity Raises Concerns for Bitcoin Demand

chest

Declining mempool activity raises concerns for Bitcoin demand as pending transactions drop significantly, indicating weak demand and low on-chain activity.

user avatarBayarjavkhlan Ganbaatar

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.