- Avalanche 9000 slashes subnet deployment costs by 99.9% and C-chain base fees by 96%.
- The Etna module empowers developers to create highly customizable blockchains with full control over staking, gas, tokens, and more.
- Interchain Messaging (ICM) enables smooth communication and asset transfer between blockchains on the Avalanche network.
Avalanche, a leading blockchain platform, has finally unveiled its highly anticipated upgrade. Dubbed Avalanche 9000, this latest iteration includes a host of improvements designed to enhance the platform’s scalability, security, and user experience.
One of the key features of the upgrade is the introduction of the Etna module. This innovative module allows developers to create highly customizable blockchains, known as subnets, with greater ease and efficiency. AVAX 9000 empowers developers to build and deploy a wide range of decentralized applications (dApps) at a fraction of the cost by significantly reducing subnet deployment costs and lowering C-chain base fees.
The upgrade also features Interchain Messaging (ICM), which facilitates seamless communication and asset transfer between different blockchains on the AVAX network. This interoperability feature lays the groundwork for cross-chain collaboration and the development of complex decentralized applications.
Avalanche Poised for a Breakout, Targets $58+
Following the roll-out, the network witnessed a dramatic reduction in transaction fees. Before the upgrade, the base fee for a standard transaction on the C-chain stood at 25 nAVAX. This fee, while not exorbitant, could still effect users, especially those making frequent small transactions. With Avalanche 9000, this base fee has been slashed to a mere 1 nAVAX, a 96% reduction.
Meanwhile, AVAX is currently testing the crucial resistance level of $49. While the price action indicates a potential pullback to the $43-$41 support zone, this dip is likely to be a buying opportunity. Additionally, the W-shaped recovery pattern suggests a bullish sentiment. The $43-$41 zone represents a significant liquidity pool, which could propel the token toward the $58 level and beyond.
With Avalanche 9000, the AVAX Foundation aims to cement its position as a leading blockchain platform for decentralized finance (DeFi), gaming, and other innovative applications. By providing developers with the tools and infrastructure they need to succeed, Avalanche is poised to drive the future of blockchain technology.
