Avalanche Raises $250M Through Private Locked-Token Sale for Avalanche9000 Upgrade
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 13 2024Avalanche9000 Upgrade: Avalanche has secured $250 million in funding for its significant upgrade, Avalanche9000, which aims to enhance developer-friendliness, reduce deployment costs by 99.9%, and support over 500 Layer-1 blockchains, with a mainnet launch scheduled for December 16.
Growth in DeFi and Gaming: Avalanche's Total Value Locked (TVL) has reached $1.65 billion, indicating increased popularity in the DeFi space, while gaming projects like "Off The Grid" have gained traction, and institutional adoption is growing with major funds expanding to the Avalanche network.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
