Avalanche has officially launched the highly anticipated Avalanche9000 upgrade on the mainnet. This marks a significant step forward in blockchain infrastructure, improving scalability, reducing costs, and providing more flexibility for projects.
Key Improvements of the Upgrade
Avalanche9000 is designed to improve scalability and lower operational expenses across the Avalanche ecosystem. The core changes include:
- **Lower C-Chain Fees:** Basic fees on the C-Chain drop from 25 nAVAX to just 1 nAVAX, making transactions more affordable for users and developers. - **Cheaper Subnets (Layer-1s):** The cost for validators to launch a subnet shifts from a fixed 2000 AVAX per instance to a subscription model of just 1.33 AVAX per month. - **Independent Chain Operations:** The 'Etna' module allows subnets to operate independently, reducing startup costs and enabling projects to meet varying regulatory needs. - **Enhanced Interchain Communication:** Better communication between chains fosters a more connected and efficient blockchain environment.
From Testnet to Mainnet
Before the mainnet launch, *Avalanche9000* successfully debuted on the Avalanche 'Fuji' testnet on November 25. After weeks of testing, the team proceeded with the mainnet launch as planned on December 16.
Ben Forman, founder of ParaFi Capital, praised the upgrade, describing Avalanche as a 'major player' in enabling on-chain institutional finance.
Project's Financial Support
In the lead-up to the Avalanche9000 upgrade, the Avalanche Foundation secured $250 million through a token sale. The raise was led by notable firms such as **Galaxy Digital**, **Dragonfly Capital**, and **ParaFi Capital**.
More than 40 investors participated in the sale, including:
- SkyBridge - SCB Limited - Hivemind - Republic Capital - Morgan Creek Digital
The new funding bolsters Avalanche’s already impressive treasury, valued at approximately $3 billion in AVAX tokens.
Avalanche9000 opens up new opportunities for the ecosystem, enhancing economic conditions for developers and attracting more institutional participants. The transition to a new operational model underscores the significance and potential of Avalanche technology in the future.
