The post Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. As the market continues its bullish climb, Avalanche (AVAX) keeps on garnering investor interest as new developments drive growth on the platform. These developments have since placed AVAX on the crosshairs of the bulls leading to a 25% surge in price in the last two weeks, reinforcing the token’s position as a long-term asset.  Related Reading Avalanche’s focus on on-chain growth is made apparent by a recent announcement that will cement the platform’s position in the DeFi space. As time lets these developments mature, investors and traders holding AVAX might be in for a treat. $40 Million Allotted For Retro9000 To Encourage L1 Growth In an official X post, Avalanche reveals its new grants program named Retro9000. The program will reward developers who build projects on the Avalanche9000 testnet and deploy the finished product on the mainnet. This move comes as a way to “empower developers” on the platform, ensuring that development on Avalanche won’t cease.  Retro9000: Up to $40m in retroactive grants for Avalanche L1s 🔺 This new grant program aims to reward developers who contribute to the testnet and launch their project on mainnet, empowering developers to do what they do best–innovate and build. More on Retro9000 👇 pic.twitter.com/qNXzosMV14 — Avalanche 🔺 (@avax) September 26, 2024 “While the current blockchain landscape offers countless opportunities, it comes with technical roadblocks, creating economic and logistical limitations that make building and deploying projects challenging,” stated Avalanche in a recent blog post.  The program works by ranking submissions in a public leaderboard, allowing developers to build publicly, and allowing a community to form around their projects. However, the main focal point for the rewards system is the developers that test and ship their finished projects on the mainnet, further enhancing on-chain growth on the platform. …

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Filed under: News - @ September 27, 2024 8:22 pm