AVAX Price Recovery: Avalanche (AVAX) rebounded to 50.21 USD post-launch of Avalanche9000, which had been in testing since November 25. This upgrade consolidates various chains into one rapid network, enhancing efficiency for both users and developers.
Significant Funding Secured: Avalanche9000’s launch coincided with a successful funding round, raising 250 million USD from over 40 venture capital firms. These resources are intended to enhance the network’s capabilities and support Web3 projects attracting new users.
Rising Network Activity: Post-Avalanche9000, transaction fees surged to 1.5 million USD, a substantial increase from previous months. USDT constitutes a large portion of transaction volume, indicating demand for its decentralized exchange functionality and enhancing the Avalanche ecosystem.