Avalanche Set For Major Upgrade With Avalanche 9000, Gaining Investor Attention

Avalanche ($AVAX) has recently been in the spotlight, with Franklin Templeton adding the token to its blockchain fund and Grayscale Investments launching an Avalanche Trust.

As a Layer 1 blockchain network, Avalanche, which launched in May 2019 and went live on mainnet in September 2021, is preparing for its most significant upgrade yet—Avalanche 9000.

Avalanche is going to have the biggest upgrade in 2024.

Find out how the king conquers his crown again.

And what to expect as a user.

Let's begin. pic.twitter.com/UBNgYOvCZk

— Amber _ D (@0xAmberCT) September 12, 2024

Currently, Avalanche boasts a Total Value Locked (TVL) of $912.11 million, a 24-hour trading volume of $64.43 million, and a market capitalization of $9.514 billion. With these solid metrics, the network is gearing up for Avalanche 9000, an upgrade expected to revolutionize the platform.

Avalanche 9000 will introduce several key innovations, including ACP-77, which brings a suite of upgrades and a live testnet environment. This upgrade will provide numerous opportunities for builders and developers, featuring full customization, open and permissionless validator sets to boost decentralization, and built-in regulatory compliance features such as geo-restrictions and custom permissions. Additionally, it aims to enhance scalability by integrating multiple Layer 1 networks (L1s) within the Avalanche ecosystem.

Avalanche has been gaining attention recently. Franklin Templeton added @avax to its blockchain fund, and Grayscale Investments launched an Avalanche Trust.

In this article by @Footprint_Data, we dive into @avax, how it works, tokenomics, and more