particle for direct object Avalanche According to a report published on December 12, the foundation announced that it has raised $250 million through a private token sale to support its blockchain platform. Statement.
The financing round has about 40 participants, including leading companies such as Galaxy DigitalDragonfly and ParaFi Capital.
The announcement sent the AVAX Avalanche token up 10%, pushing its price to $52. It continues its upward trend and the token has increased by 52% over the past month.
Upgrade Avalanche9000
The Avalanche9000 upgrade, set for December 16, aims to revolutionize blockchain costs and scalability. It reduces Avalanche's Layer-1 deployment costs by 99.9% and reduces the cost of transactions on its C-Chain by 25x.
This upgrade supports Avalanche's multi-chain vision and enables horizontal scalability across industries such as gaming, payments, loyalty programs and real-world asset tokenization.
More than 500 Layer-1 chains are in development and enterprise giants like it Black Rock and Franklin Templeton They use Avalanche for their tokenized funds.
Haseeb Qureshi, managing partner of Dragonfly, called the upgrade a transformative moment for blockchain development. He stated:
The upcoming update to Avalanche9000 represents a fundamental step towards advancing the decentralized financial ecosystem, and we believe Avalanche is uniquely positioned to capture the growing momentum in Web3 and blockchain scalability.”
In preparation, the Avalanche9000 test network introduced the Retro9000, which includes a $40 million funding program. The initiative offers $2 million in referral bonuses to developers who build on the platform.
Ava Labs co-founder Kevin Sekinghi highlighted the network's potential to outperform. Ethereum, Solanaand other chains are combined in the volume of transactions, which emphasizes Avalanche's unique multi-chain model.
he expressed:
There is no doubt in my mind that the Avalanche network will process more transactions than Ethereum/L2s + Solana + other chains in the near future. There are no avalanche “chains”. It is a network of many interoperable chains. All in all, there will be a lot of activities.”
Avalanche market data
At press time 12:55 AM UTC on December 13, 2024, Avalanche It is ranked 11th by market value and its price is up 9.39% In the last 24 hours, Bahman has a market value 21.79 billion dollars With 24-hour trading volume 1.85 billion dollars. Learn more about Bahman ›
Crypto market summary
At press time 12:55 AM UTC on December 13, 2024the entire crypto market is valued at 3.61 trillion dollars with a volume of 24 hours 212.16 billion dollars. Bitcoin's dominance is now over 54.95%. Learn more about the crypto market ›
