Avalanche announced a $ 230 million investment on September 16. The crypto investors are enthusiastic and send the AVAX price to a new all-time high.
Things are going really well for Avalanche (AVAX) at the moment. As the company announced on September 16, Polychain and Three Arrows Capital are leading a $ 230 million investment round on the project. Investors are visibly delighted with the latest news. And so, less than 24 hours after its release, Avalanche hit a new all-time high at $ 68.8. Other investors include R / Crypto Fund, Dragonfly, CMS Holdings, Collab + Currency, Lvna Capital, various angel investors and a family office.
The money will primarily be used to support rapidly growing DeFi applications based on the blockchain. Emir Gün Sirer, Director of the Avalanche Foundation, said:
Although Avalanche is several years younger than its competitors, the company has quickly translated its promise and potential into real impact and value for DeFi users and developers. The community of developers that gathers around the network is evidence of its competitive advantage. And there is still so much potential that needs to be tapped at the interface between institutional and decentralized financial applications on Avalanche.
Emin Gun Sirer
Avalanche – A project on the rise
Avalanche claims to be one of the fastest growing blockchain ecosystems. There are now over 270 projects that use the blockchain. Prominent names including: Tether, SushiSwap, Chainlink, Circle and The Graph. Meanwhile, AVAX is one of the top performers of the last crypto month. If you could buy an AVAX Coin a month ago for around 27 US dollars, you have to pay 67.27 US dollars for it today. A price increase of a proud 249.1 percent.
And when it comes to Emin Gün Sirer, Avalanche’s journey could have only just begun. Because on Twitter expressed he is optimistic about the future of his project:
Just one year after the mainnet launched in September 2020, Avalanche is still in the starting blocks. Because countless live projects are flourishing right now and Avalanche Rush is still on the way. At AVAX, there are no signs of a slowdown in progress towards more cost-effective and easy-to-use DeFi applications.
Emin Gün Sirer on Twitter