12 Dec 202414:02
Project update
Avalanche raised $250M in private sales led by Galaxy, Dragonfly, and ParaFi
The capital influx follows the Avalanche9000 Testnet launch, the key milestone before the major Mainnet upgrade, which will reduce Avalanche L1 deployment costs by 99.9%. Chorus One, Big Brain Holdings, SkyBridge, Hivemind, and others also participated.
Source