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BitcoinSistemi 2025-01-30 20:46:09

Avalanche's (AVAX) Trading Costs Dropped by 75 Percent, Number of Transactions Increased! Here's Why!

Avalanche's (AVAX) Trading Costs Dropped by 75 Percent, Number of Transactions Increased! Here's Why!

Avalanche’s (AVAX) December upgrade, Avalanche9000, significantly reduced transaction costs, resulting in a 38% increase in daily activity on the network. Avalanche Blockchain Upgrade Increases Transactions by Lowering Fees by 75% Since the upgrade went live on Dec. 16, transaction fees, commonly known as gas fees, have dropped by an average of 75%, according to data from Flipside and Bitquery. The number of daily transactions has increased to an average of 354,691, reflecting greater network usage. Avalanche, a DeFi-focused proof-of-stake blockchain and the fifth-largest smart contract platform by market cap, operates a multi-chain architecture: C-Chain – Manages smart contracts P-Chain – Manages staking and validator coordination X-Chain – Processes asset transfers The upgrade included seven improvement proposals, and ACP-125 made one of the biggest impacts by reducing the base smart contract fee on C-Chain from 25 nAVAX to just 1nAVAX (one nAVAX is one billionth of an AVAX). Additionally, the validator fee, previously set at 2,000 AVAX, has been replaced with a monthly subscription model ranging from 1 to 10 AVAX, making it easier for new projects to launch Layer 1 (L1) protocols on Avalanche. The changes are part of a broader effort to increase affordability and adoption. Stephen Buttolph, chief protocol architect at Ava Labs, explained in a previous interview that the goal is to reduce costs across the entire Avalanche technology stack, from C-Chain fees to capital requirements for validators. With cheaper transactions and easier validator entry, the Avalanche network is now positioned as a more competitive and scalable smart contract platform, attracting more activity from both developers and users. *This is not investment advice. Continue Reading: Avalanche's (AVAX) Trading Costs Dropped by 75 Percent, Number of Transactions Increased! Here's Why!

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