Avalanche (AVAX-USD) has seen a dramatic drop in transaction costs—down by 75%—since its Avalanche9000 upgrade went live on December 16
Following the launch of the Avalanche9000 upgrade on December 16, Avalanche (AVAX-USD) has seen a dramatic 75% reduction in transaction costs, according to data from Flipside. This decrease has led to a 38% surge in daily transactions, now exceeding 354,000, as more users and projects are drawn to the network.
The goal of this upgrade was to make Avalanche’s smart-contract operations significantly cheaper, ultimately increasing blockchain adoption. This effort included implementing seven key improvement proposals and reducing the base fee for running smart contracts on Avalanche’s C-Chain from 25 nAVAX to 1 nAVAX, as per ACP-125. Moreover, hefty validator fees of 2,000 AVAX were replaced with a monthly subscription ranging from 1 to 10 AVAX, making it more accessible for those wishing to validate transactions on the network.
Being the fifth-largest smart-contract blockchain by market value, Avalanche utilizes a multichain structure. The C-Chain is responsible for handling smart contracts, the P-Chain coordinates staking and validators, and the X-Chain processes asset transfers.
At the time of writing, Avalanche’s native token AVAX is priced at $33.93, showing an uptrend following the upgrade. This price increase can be attributed to the lower transaction fees and increased network activity, both of which are driving up demand and attracting new investors.
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