Avalanche officially launched its highly anticipated Avalanche9000 upgrade on the mainnet, marking a significant step forward in its blockchain infrastructure.
Key Features of Avalanche9000 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 have been reduced from 25 nAVAX (~$0.00000098) to just 1 nAVAX (~$0.00000004). * Cheaper Subnets (Layer-1s): 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. * Enhanced Interchain Communication: Improved communication between chains fosters a more connected and efficient blockchain environment.
From Testnet to Mainnet Success
Before the mainnet launch, *Avalanche9000* was successfully tested on the "Fuji" testnet on November 25. After weeks of testing, the team proceeded with the mainnet launch on December 16.
Ben Forman, founder of ParaFi Capital, praised the upgrade, describing Avalanche as a "major player" in enabling on-chain institutional finance.
Financial Support and Market Data
In preparation for 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
This new funding bolsters Avalanche’s already impressive treasury, valued at approximately $3 billion in AVAX tokens.
Avalanche continues to capture attention with significant network upgrades, resulting in a 9% increase in AVAX value over the past week.
