Over 150 projects are currently in development on Avalanche through the Retro9000 program, which includes a distribution of $40 million to developers. This positive momentum for AVAX might lead to a surge in its value, possibly aiming to revisit highs from Q4 2024.

Key Developments

• More than 150 projects are building on Avalanche under the Retro9000 initiative ahead of a significant snapshot event scheduled for April 2025.
• Projects include innovative platforms such as The Arena, a next-gen SocialFi app, and Animalia, an online NFT trading card game.
• The recent upward trend in crypto prices follows a challenging start to 2025, with Avalanche’s efforts aiming to establish a stronger foothold in the competitive DeFi sector.

Retro9000: A $40 Million Grant

The Retro9000 program is set to distribute a total of $40 million to encourage the development of Layer-1 blockchains utilizing Avalanche’s technology. This grant is part of a broader scope of the Avalanche9000 upgrade that went live in December 2024.

This snapshot will determine eligibility for future funding, and developers are expected to deploy their projects on the mainnet to access these funds, thus boosting early adoption and stimulating project development within the Avalanche ecosystem.

Conclusion

The continuous interest from developers in utilizing Avalanche’s resources comes at a pivotal time, especially with institutions like VanEck registering for an Avalanche ETF, which could greatly impact AVAX and its market value going forward. It is anticipated that several new Layer-1s will emerge, enhancing the network further and potentially increasing demand for AVAX.