Avalanche Unveils Third Major Upgrade

Avalanche Unveils Third Major Development: infraBUIDL() Program

This month, Avalanche announced its third major development, following two significant previous announcements. The newly introduced ecosystem support program, named infraBUIDL(), is the latest effort by the Avalanche team to strengthen its position against competitors in the blockchain space.

Introducing infraBUIDL(): A Boost for Avalanche Developers

The infraBUIDL() program stands out with its unique name, echoing the syntax used in programming for functions and classes. The program was initiated to support developers contributing to the Avalanche network’s growth. The Avalanche Foundation has made it clear that their goal is to provide direct support to developers through this initiative.

According to the Avalanche Foundation,

“The infraBUIDL() Program is designed to enhance the Avalanche ecosystem by funding infrastructure projects that improve user and developer experiences. Through direct and milestone-based retroactive grants, the program aims to attract top-tier talent and build a developer community dedicated to advancing the Avalanche Network.”

Avalanche’s Long-Term Vision: Expanding the Smart Contract Space

The blockchain industry is witnessing a surge in Layer 1, Layer 2, and even Layer 3 networks, each offering new features and infrastructure for smart contracts. While many investors focus on the tokens and prices associated with these networks, Avalanche is pursuing long-term growth. The foundation is actively seeking ways to attract more developers to its platform, aiming to expand its presence in the smart contract arena.

The Avalanche Foundation’s objectives include the development of:

• Bridges
• Wallets
• Virtual Machines
• RPCs (Remote Procedure Calls)
• Indexers
• Token Engineering

By focusing on these areas, Avalanche aims to attract large companies and users, positioning itself as a strong competitor alongside networks like Ethereum.

AVAX Price Prediction: Market Sentiment and Future Outlook

Recent developments, such as the launch of a Grayscale AVAX trust and Franklin Templeton’s integration with the Avalanche network, have generated significant buzz. Despite this, the broader cryptocurrency market is experiencing a downturn, impacting AVAX’s price.

Initially, the altcoin was expected to rise to $29–$32 following the positive news. However, it is currently hovering around $23. The overall market’s negative sentiment, coupled with the annual double-digit inflation of AVAX, has increased volatility. If the downward trend continues, AVAX may find support between $22.5 and $19.75. On the upside, a stable zone would be sustained closures above $26.