๐บ Avalanche raises $250M for Avalanche9000 upgrade
Avalanche secured $250 million through a token sale to support the launch of its Avalanche9000 upgrade. This update will reduce blockchain deployment costs by 99.9% and transaction fees by 25x, while also enhancing scalability
๐ฐ Investors include Galaxy Digital, Dragonfly, and ParaFi Capital. The mainnet launch is scheduled for December 16, with over 500 projects already in the ecosystem, spanning DeFi, gaming, and tokenized real-world assets