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The Avalanche Foundation has launched its most significant network upgrade, Avalanche9000, introducing the Etna upgrade to its mainnet. This overhaul simplifies the creation of Layer 1 blockchains, drastically reducing deployment costs by 99.9% and C-Chain fees by 96%, while enhancing flexibility and interoperability.Despite these advancements, AVAX's price has struggled, currently standing at $50.18, following a peak of $65.39 earlier in the year. The upgrade aims to attract more projects to the Avalanche ecosystem by removing economic and technical barriers for developers.
Avalanche (AVAX) has successfully raised $250 million in a locked token sale, with participation from over 40 companies, including Galaxy Digital and Morgan Creek Digital. The funds will support the upcoming Avalanche9000 upgrade, set to reduce layer-1 deployment costs by 99.9% and transaction costs on the C-Chain by 25 times, enhancing network usage across various sectors. AVAX is currently trading at $52.51, reflecting a 9.4% increase in the last 24 hours.
Ether is poised for a potential rally above $5,000, with analysts predicting a cycle top exceeding $15,000 by the end of 2025, driven by bullish momentum and its correlation with Bitcoin. In other developments, Avalanche secured $250 million in a private token sale ahead of its significant Avalanche9000 upgrade, while Tether's USDT stablecoin was recognized as an accepted virtual asset in Abu Dhabi, enhancing its integration into regulated financial systems.
Avalanche has successfully raised $250 million in a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with over 40 investment firms participating. This funding comes as the blockchain project prepares for the mainnet launch of its Avalanche9000 upgrade, aimed at significantly reducing transaction costs and enhancing scalability across various sectors, including asset tokenization and gaming. The initiative also includes a $40 million grant program to boost developer engagement on the platform.
Avalanche has successfully raised $250 million in a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with over 40 investment firms participating. This funding aims to support the upcoming launch of the Avalanche9000 upgrade, which seeks to significantly reduce transaction costs and enhance application deployment on the layer-1 blockchain.In a separate development, the renomination vote for SEC Commissioner Caroline Crenshaw has been postponed, amid criticism from crypto advocacy groups regarding her stance on regulatory policies. The delay raises the possibility of a Republican-majority SEC following the upcoming presidential transition.
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avalanche9000 upgrade simplifies blockchain creation and enhances ecosystem interoperability
19:23 17.12.2024
avalanche raises 250 million for token sale ahead of major upgrade
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ether poised for rally above five thousand avalanche secures 250 million funding
20:00 13.12.2024
Avalanche secures 250 million in token sale ahead of blockchain upgrade
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10:06 13.12.2024
avalanche secures 250 million for layer one blockchain upgrade and growth
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20:59 12.12.2024
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