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[New Fundraising] Avalanche raises $250 million locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital
Avalanche is a platform created by Ava Labs for creating custom blockchain networks and decentralized applications (dApps). It claims great scalability, with a high transaction throughput (TPS) of 4500 transactions per second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
More about Avalanche: https://www.rootdata.com/Projects/detail/Avalanche?k=MjUw
Source: https://www.coindesk.com/business/2024/12/12/avalanche-raises-250-m-amid-major-overhaul-of-layer-1-blockchain
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