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20 USDT
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Avalanche Upgrade Slashes Transaction Costs by 75%, Boosts Activity by 38%
The Avalanche9000 upgrade, implemented on December 16, 2024, has significantly reduced transaction costs on the Avalanche C-Chain, leading to a surge in network activity, according to data from Flipside and Bitquery.
Key Takeaways:
Transaction Costs Drop 75%
Since the upgrade, average transaction fees on Avalanche’s C-Chain have decreased by about 75% compared to previous months.
Transaction Volume Surges 38%
The daily average transactions have increased by 38%, now reaching 354,691 transactions per day.
Avalanche’s Multi-Chain Efficiency
C-Chain (smart contracts)
P-Chain (storage management & validator coordination)
X-Chain (asset transfers)
Lower Barrier for Validators
The upgrade replaced the 2000 AVAX validator fee with a monthly subscription model (1-10 AVAX), making it easier for Layer 1 (L1) projects to launch on Avalanche.
Impact on AVAX Ecosystem
Avalanche, currently the fifth-largest smart contract blockchain by market cap, is now a more cost-effective and scalable option for DeFi and Web3 projects. According to Ava Labs' lead protocol engineer Steven Buttolph, the goal was to lower costs for both developers and users by cutting fees and removing high capital requirements.
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AVAX Price Update
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