🔥 Avalanche $AVAX raises an additional $250M ahead of major upgrade

Avalanche Foundation has successfully raised $250M through a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, along with more than 40 other companies such as SkyBridge and Morgan Creek Digital.

This is one of the largest funding rounds in recent years. The investment will support the Avalanche9000 upgrade, currently in the testnet phase, designed to significantly reduce blockchain deployment costs and transaction fees.