Avalanche has officially launched its anticipated Avalanche9000 upgrade on the mainnet, marking a significant step in the project's blockchain infrastructure development.
Key Features of the Avalanche9000 Upgrade
Avalanche9000 is designed to improve scalability and lower operational expenses across the Avalanche ecosystem. The core changes include: Lowering C-Chain base fees from 25 nAVAX (~$0.00000098) to just 1 nAVAX (~$0.00000004), making transactions more accessible for users and developers. For validators launching subnets, the cost shifts from a fixed 2,000 AVAX per instance to a subscription model of just 1.33 AVAX per month. The 'Etna' module enables subnets to operate independently, reducing startup costs and allowing projects to meet varying regulatory requirements. Enhanced interchain communication fosters a more connected and efficient blockchain environment.
From Testnet to Mainnet Success
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.
Financial Support and Future Development
In the lead-up to the Avalanche9000 upgrade, the Avalanche Foundation secured $250 million through a token sale. This funding 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, and Morgan Creek Digital. The new funding bolsters Avalanche’s already impressive treasury, valued at approximately $3 billion in AVAX tokens. This is not the first major funding success for Avalanche. In 2021, the project raised $230 million in a private token sale led by Polychain and the now-defunct Three Arrows Capital.
The launch of Avalanche9000 on the mainnet brings significant improvements to the Avalanche ecosystem, reducing costs and expanding opportunities for project development.
