Avalanche has officially launched its highly anticipated Avalanche9000 upgrade on the mainnet, marking a major step forward in its blockchain infrastructure. This upgrade brings significant cost reductions, performance optimizations, and greater project flexibility.
Key Features of the Avalanche9000 Upgrade
Avalanche9000 is designed to improve scalability and reduce operational expenses across the Avalanche ecosystem. The core changes include:
* Lower C-Chain Fees: Basic fees on the C-Chain drop from 25 nAVAX (~$0.00000098) to just 1 nAVAX (~$0.00000004), making transactions more affordable for users and developers. * Cheaper Subnets: The cost for validators to launch a subnet shifts from a fixed 2,000 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 regulatory needs. * Enhanced Interchain Communication: Improved communication between chains fosters a more connected and efficient blockchain environment.
From Testnet to Mainnet Success
Before its mainnet launch, Avalanche9000 successfully debuted on the 'Fuji' testnet on November 25. After weeks of testing, the team launched the update on the mainnet on December 16. Ben Forman, founder of ParaFi Capital, praised the upgrade, describing Avalanche as a 'major player' in on-chain institutional finance.
Funding and Future Development of Avalanche
Ahead of the Avalanche9000 upgrade, the Avalanche Foundation secured $250 million through a token sale. The raise was led by 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, and Morgan Creek Digital. The new funding bolsters Avalanche’s treasury, valued at approximately $3 billion in AVAX tokens. Previously, Avalanche secured $230 million in a private token sale in 2021.
The Avalanche9000 upgrade offers extensive new possibilities for developers and users by reducing costs and simplifying the process for creating projects on the Avalanche platform. Financial backing from major investors promises continued growth and development of the project and its ecosystem.
