@BOMBERuss 14 April 2022 more from that month

The developer of the #Avalanche blockchain, Ava Labs, is in the process of a new round of financing. Bloomberg sources claim that the company is raising $350 million at a valuation of $5.25 billion. This is what RBC Crypto writes about. Avalanche competes with #Ethereum and #Solana. The project offers high transaction speeds with low fees, as well as infrastructure for decentralized applications (#dApps). According to the DappRadar service, 250 active applications are running on the blockchain. The #Avax token has risen in price by 4% over the past day, to $ 79.8. The capitalization of the altcoin is $ 21.4 billion. It ranks tenth in the list of the largest cryptocurrencies, according to CoinGecko.