Avalanche Lands $250 Million as Crypto All-Stars Blows Past $15M – What’s Driving the Boom? 
Avalanche has just raised a towering $250 million in a private crypto sale for the network’s Ethereum-challenging blockchain.

Lead investors Galaxy Digital, ParaFi Capital and Dragonfly were joined by more than 40 investment firms including Anthony Scaramucci’s SkyBridge Capital and AI/crypto investment firm Morgan Creek Digital.

The raise comes shortly after the launch of the Avalanche9000 testnet. According to the tweeted announcement, the upcoming Avalanche9000 upgrade “represents a pivotal step toward advancing the decentralized finance ecosystem.”

The network will deploy the Avalanche9000 mainnet on Monday, December 16. Avalanche claims it “will reduce Avalanche L1 deployment costs by 99.9%, as well as reducing transaction costs on the established C-Chain by 25X.”