# Avalanche Raises $250M for Avalanche9000 Upgrade

*Author: Kazu Umemoto*
*Published: Dec 12, 2024*
*Source: https://www.bankless.com/de/read/avalanche-raises-250m-for-avalanche9000-upgrade*

---

Avalanche has raised $250 million in a locked token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital to fund its Avalanche9000 upgrade.

## **What’s the Scoop?**
- The Avalanche9000 upgrade is set to reduce blockchain deployment costs by 99.9% and transaction costs by 25x, this upgrade is already in testnet.
- Over 500 Layer 1 chains are under development on Avalanche, spanning industries like gaming, tokenization, payments, and more.
- The decentralized physical infrastructure network (DePIN) platform Uplink has launched on Avalanche, aiming to decentralize internet connectivity.

## **Bankless Take:**
Avalanche's aggressive move to secure $250 million underscores its vision of blockchain scalability and institutional adoption. The Avalanche9000 upgrade could be a game-changer, significantly lowering operational costs and making blockchain applications more accessible. With high-profile investors backing it, Avalanche is positioning itself as a critical player in the next wave of decentralized infrastructure, enhancing the viability of decentralized finance and tokenized assets on its platform.
---

*This article is brought to you by [MetaMask](https://www.bankless.com/de/sponsor/metamask-1776260643?ref=read/avalanche-raises-250m-for-avalanche9000-upgrade)*