BREAKING

Avalanche9000 Upgrade Launch: Transforming Costs and Boosting C Chain Transaction Volume by 50%

AVAX

AVAX/USDT

$7.019
+7.87%
24h Volume

$200,979,474.55

24h H/L

$7.079 / $6.376

Change: $0.7030 (11.03%)

Long/Short
68.8%
Long: 68.8%Short: 31.1%
Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data
Avalanche
Avalanche
Daily

$6.983

2.86%

Volume (24h): -

Resistance Levels
Resistance 3$7.8765
Resistance 2$7.5655
Resistance 1$7.1455
Price$6.983
Support 1$6.7217
Support 2$6.224
Support 3$5.0473
Pivot (PP):$6.9207
Trend:Downtrend
RSI (14):35.5

On December 17, Avalanche made a significant stride in blockchain technology with the launch of its highly anticipated Avalanche9000 upgrade on the mainnet, as reported by COINOTAG. This pivotal enhancement has drastically slashed the cost associated with subnet deployment, bringing down the fundamental fee of the C chain from 25 nAVAX to just 1 nAVAX, marking an impressive reduction of 96%. The introduction of the Etna module is a game-changer; it not only facilitates independent chain operations but also streamlines the verification process and bolsters cross-chain messaging capabilities, thereby enhancing overall network efficiency. Research by Blockworks indicates that this upgrade could lead to a substantial increase in C chain transaction volume, anticipated to rise by approximately 50% post-implementation, showcasing Avalanche’s commitment to advancing its technological infrastructure.

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