#CryptoUsersHit18M Layer 1 blockchain project Avalanche

reportedly raised $250 million via a locked

token sale. The round was led by Galaxy

Digital, Dragonfly and ParaFi Capital. It

also saw participation from SkyBridge,

SCB Limited, Hivemind, Big Brain Holdings

Hypersphere, Lvna Capital, Republic

Capital, Morgan Creek Digital, FinTech

Collective, CMCC Global, Superscrypt,

Cadenza, Chorus One and Tané Labs

Notably, the raise comes ahead of the

launch of the "Avalanche9000" network

upgrade, hailed to be the most significant

upgrade in Avalanche's history