Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers

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. 

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