Avalanche is Getting Closer to a Major Update – Here’s What’s New
Avalanche (AVAX), one of the world's largest altcoins, is preparing for a major update. Here are the details.
Avalanche has launched the “Avalanche9,000” testnet, a major update designed to make Layer 1 (L1) blockchain development cheaper and more accessible.
The announcement by the Avalanche Foundation includes plans to distribute $40 million in retroactive grants to developers, along with $2 million earmarked for referrals to help drive network adoption.
The testnet went live today, marking a significant step toward the upgrade’s eventual deployment on Avalanche’s mainnet, known as C-Chain, scheduled for 2025.
“This latest update focuses on making every component in the Avalanche technology stack cheaper,” said Stephen Buttolph, Chief Protocol Architect at Ava Labs. “From reducing C-Chain fees to removing capital requirements for L1 validators, every user of Avalanche should experience lower costs.”
The Avalanche9,000 initiative includes the Etna Upgrade, which brings a number of improvements such as rule changes regarding validators and the rebranding of Avalanche subnets as “Avalanche L1s.”
Two critical components of Avalanche9,000, the ACP-77 and ACP-125, focus on reducing costs and increasing interoperability:
- ACP-77 introduces a new validator governance framework that enables the creation of low-cost, natively interoperable blockchains.
- ACP-125 will reduce the base transaction fees on C-Chain from 25 nAVAX to 1 nAVAX.
With 1 nAVAX equal to one billionth of an AVAX token (AVAX is currently worth $42), the cost reductions are individually small, but significant when added up over time. The 96% reduction in fees is expected to make deploying and maintaining applications on Avalanche more cost-effective for developers.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUI Sees 43% Weekly Surge as Online Sentiment Aligns with Market Activity

S&P 500 jumps 1.6%, Nasdaq 2.2% as Big Tech leads rally on trade optimism
Share link:In this post: The S&P 500 rose 1.6% and the Nasdaq jumped 2.2% as tech stocks like Nvidia and Amazon rallied. China confirmed there are no trade talks happening with the U.S. and called for removal of tariffs. Trump said he’s open to less confrontation on trade, but no details or negotiations have been set.

Trump teases third term with 2028 hat. Just how far can he go?
Share link:In this post: Trump is now selling a “Trump 2028” hat, openly signaling interest in a third presidential term. The original product description hinted at rewriting the Constitution but was later changed. Trump told NBC News he’s considering legal ways to bypass the two-term limit, including running as vice president.

Stablecoins can expand to $1.6T by 2030, says Citigroup
Share link:In this post: Citigroup predicts $1.6T in stablecoin supply by 2030 in a base scenario and up to $3.7T in a bullish development. Stablecoins may replace cash reserves and some fintech apps. Blockchain may make a comeback for public spending, disbursements and transparent tracking.

Trending news
MoreCrypto prices
More








