Avalanche officially launched its highly anticipated Avalanche9000 upgrade on the mainnet, marking a significant leap forward in its blockchain infrastructure. This upgrade brings sweeping improvements, reducing costs, optimizing performance, and enabling more flexibility for projects.
Key features of the Avalanche9000 upgrade
The upgrade is designed to improve scalability and lower operational expenses across the Avalanche ecosystem. Key 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: 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 meeting varying regulatory needs. - Enhanced Interchain Communication: Better communication between chains fosters a more connected and efficient blockchain environment.
From testnet to mainnet success
Before the mainnet launch, Avalanche9000 successfully debuted on the 'Fuji' testnet on November 25. After weeks of testing, the team proceeded with the mainnet launch on December 16.
Funding and growth of the Avalanche ecosystem
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, and others. This new funding bolsters Avalanche’s already impressive treasury, valued at approximately $3 billion in AVAX tokens.
The Avalanche9000 upgrade on the mainnet marks a new milestone in the development of the Avalanche ecosystem, providing developers and projects with more opportunities for growth and integration.
