Avalanche9000 Upgrade Decreases Costs and Boosts Transactions by 33%
Brief news summary
On December 16, 2023, the Avalanche9000 upgrade significantly enhanced the Avalanche blockchain by slashing costs, thus spurring a remarkable increase in transaction volume. Gas prices plummeted by approximately 75%, leading to a 38% boost in daily average transactions, now at around 354,691, as reported by Flipside and Bitquery. Avalanche has ascended to become the fifth-largest smart-contract blockchain in terms of market capitalization for its native token, AVAX. The platform operates on a multichain structure that includes the C-Chain for executing smart contracts, the P-Chain for staking and validator management, and the X-Chain for asset transfers. The upgrade integrated seven key improvement proposals, most notably ACP-125, which slashed the base fee for executing smart contracts on the C-Chain from 25 nAVAX to just 1 nAVAX. Additionally, the previous one-time validator fee of 2,000 AVAX was simplified into a flexible monthly subscription model ranging between 1 and 10 AVAX. These modifications are designed to enhance accessibility for developers looking to create layer 1 (L1) protocols within the Avalanche ecosystem.The cost of utilizing Avalanche, a blockchain focused on decentralized finance (DeFi) and smart contracts, has significantly decreased since the rollout of the Avalanche9000 upgrade on December 16, resulting in a more than 33% increase in transactions. Post-upgrade, average usage fees, known as gas, on the proof-of-stake blockchain have fallen by approximately 75% compared to prior months, as indicated by data from Flipside and Bitquery. The average daily transaction count has surged by 38%, reaching around 354, 691. Avalanche is the fifth-largest smart-contract blockchain globally based on the market value of its native token, AVAX.
Its multichain architecture includes the C-Chain for smart contracts, the P-Chain for staking and validator management, and the X-Chain for asset transfers. The upgrade involved seven improvement proposals, including ACP-125, which reduced the base fee for executing smart contracts on the C-Chain from 25 nAVAX to just 1 nAVAX; one nAVAX is equivalent to one billionth of an AVAX. Additionally, the upgrade replaced the previously high validator fee of 2, 000 AVAX with a more affordable monthly subscription ranging from 1 to 10 AVAX, making it easier for projects, regardless of size, to develop layer 1 (L1) protocols on the Avalanche platform.
Watch video about
Avalanche9000 Upgrade Decreases Costs and Boosts Transactions by 33%
Try our premium solution and start getting clients — at no cost to you
I'm your Content Creator.
Let’s make a post or video and publish it on any social media — ready?
Content Maker
Last news
The Best for your Business
Hot news
Ethical Considerations in AI-Driven Marketing
As artificial intelligence (AI) becomes increasingly integrated into marketing, professionals and organizations are emphasizing the need for ethical considerations in deploying and managing these technologies.
Nvidia's AI Chipset Powers Next-Gen Gaming Consol…
Nvidia has introduced its latest AI chipset, set to become a foundational component in next-generation gaming consoles.
AI in Video Production: Streamlining Post-Product…
The post-production phase in filmmaking is experiencing a major transformation due to advanced artificial intelligence (AI) technologies automating complex, time-consuming tasks that previously required specialized expertise.
Jason McDonald Consulting Agency Announces New Po…
SEO traditionally explains how companies appear on Google search results, but with the rise of AI answer agents like ChatGPT and Google Gemini, it now also encompasses how these AI systems generate and present answers to consumers.
China clears Nvidia H200 sales to tech giants, re…
China has started cautiously reopening access to Nvidia’s advanced AI processors, granting approvals to a select group of its largest technology companies.
How to Make Your Brand Go Viral: Social Media Gro…
In 2025, the social media landscape is evolving rapidly, dominated by AI-driven algorithms, hyper-personalized content, and short-form videos.
AI-Generated Videos Gain Popularity on Social Med…
The Rise of AI-Generated Videos on Social Media: Creativity, Authenticity, and Regulation In recent years, artificial intelligence (AI) has transformed content creation, especially on social media, where AI-generated videos have surged in popularity
AI Company
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today
Your News is ready
Your article is ready
Lorem ipsum dolor sit amet consectetur adipisicing elit. Fuga dolor minus maiores. Aut vero expedita dicta, dolorem odit excepturi odio doloremque voluptatem repellat aliquam? Dolores nemo eum id pariatur! Nobis!
Generating video takes longer than text.
