Introduction
Public chain Avalanche has officially announced the successful launch of its major network upgrade – Avalanche9000. This upgrade is considered the largest optimization since the launch of the Avalanche mainnet, marking significant progress for Avalanche (AVAX) in scalability, interoperability, and developer friendliness. The official statement mentions that Avalanche9000 not only significantly reduces the deployment cost of L1 (formerly known as “subnets”), but also lowers the gas fees for C-Chain to the lowest level in history, with an expected 50% increase in transaction volume.
Latest Price Trend of Avalanche (AVAX)
AVAX (Avalanche)
Rank: 34
Invested by a16z
$50.31
+$1.16
+2.36%
Real-time data ·
17:51:53
50.86
24-hour high
48.32
24-hour low
146.22
All-time high
2.79
All-time low
15.01 million
24-hour trading volume
$750 million
24-hour trading value
$370 million
Total supply
$20.57 billion
Market cap
+5.26%
24-hour volatility
409,765,003.9821
Circulating supply
50.46
Yesterday’s opening price
48.99
Yesterday’s closing price
57.25%
Circulation rate
Candlestick Chart
Trends
All
24 hours
7 days
30 days
3 months
1 year
let tabIdx = 0;
let timeIdx = 0;
let type = ‘all’;
$(‘.echarts_head .head_left_item’).click(function () {
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var klineData;
getTjList();
function getTjList(start, interval, type) {
let url = ‘/e/extend/api/index.php?m=v2&c=kline&coin=binance_AVAX_USDT&id=12’;
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‘3m’: 3,
‘ydt’: 3,
}
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const periodType = periodTypeList[typeStr];
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const historyData = klineData
.sort((cur, next) => cur.T – next.T)
.map((item) => {
return {
time: item.T,
low: item.l,
high: item.h,
open: item.o,
close: item.c,
volume: item.v,
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const exchange = “528BTC”;
const tradePair = `${coinName}/USDT`
const config = {
periodType,
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exchange,
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console.log(length)
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const widget = generateTradingViewAndMount(config);
widget.onChartReady(() => {
const chart = widget.chart();
chart.setVisibleRange(visibleRangeOption);
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//chart.setPriceVolumePrecision(8,8)
}
function changeKline(type) {
type = type;
const currentTimeStamp = Date.now();
// Timestamp of 1 day ago
const oneDayAgoTimeStamp = currentTimeStamp – (24 * 60 * 60 * 1000);
// Timestamp of 7 days ago
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‘m’: ‘1h’,
‘3m’: ‘1d’,
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if (tabIdx == 1) {
getTrendLine(type)
return;
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getTjList(time[type], interval[type], type)
}
let bid = ‘AVAX’
Highcharts.setOptions({
lang: {
rangeSelectorZoom: ”,
thousandsSep: ”
},
global: {
useUTC: false
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});
getTrendLine(type)
function getTrendLine(type) {
$.getJSON(‘https://btccast.com/e/extend/api/index.php?m=news&c=kdata&type=’ + type + ‘&id=12&cid=12’, function (data) {
var T = [];
var u = [];
var b = [];
var a = [];
var v = [];
data.data.forEach(item => {
let [time, ui, bi, ai, vi] = item;
u.push([time, ui]);
b.push([time, bi]);
a.push([time, ai]);
v.push([time, vi]);
})
// Trend chart
chart1 = Highcharts.stockChart(‘trendChart’, {
chart: {
zoomType: ‘x’,
height: 520,
width: 780
},
colors: [‘#5984FB’, ‘#AE5CCC’, ‘#F7D049’, ‘#777’,
‘#24CBE5’, ‘#64E572’, ‘#FF9655’, ‘#FFF263’, ‘#6AF9C4’],
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style: {
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//chart.setPriceVolumePrecision(8,8)
}
}The Launch of Avalanche9000 brings several key changes to the Avalanche ecosystem:
Deployment cost of L1 reduced by 99.9%: One of the major highlights of Avalanche9000 is the reduction of L1 deployment cost by 99.9%. This optimization allows developers to easily launch and manage L1, with hundreds of L1 blockchains expected to go live in the future. This significantly lowers the entry barrier for developers into the Avalanche ecosystem, providing a broader space for development in various fields such as gaming, payments, and institutional applications.
C-Chain minimum Gas fee reduced by 96%: Avalanche9000 also optimized Avalanche’s smart contract chain – C-Chain, reducing the minimum Gas fee by 96%. This lowers transaction costs on C-Chain significantly, expected to increase network transaction volume. According to Blockworks Research, C-Chain transaction volume is projected to grow by about 50%.
Cross-chain communication and enhanced interoperability: This upgrade introduces an enhanced cross-chain messaging feature (ICM), enabling efficient communication and asset transfer between different Avalanche L1 chains. Through this feature, Avalanche’s various L1 chains will achieve full interoperability, enhancing the overall ecosystem synergy.
Retro9000 Incentive Program: In conjunction with the Avalanche9000 upgrade, the Retro9000 Incentive Program was launched. This $40 million retroactive incentive program aims to motivate developers to build L1 and related tools on the Avalanche9000 test network. The program provides substantial financial support to developers, driving rapid development of the Avalanche ecosystem.
Changes to Avalanche L1 and Validators: In this upgrade, Avalanche adjusted the validation mechanism for L1. Avalanche9000 renamed Avalanche’s “subnets” to “L1” and flexibly improved the validation mechanism. Previously, validators becoming part of Avalanche subnets needed to stake 2000 AVAX tokens (approximately $100,000) and synchronize with the mainnet. However, after the Avalanche9000 upgrade, L1 validators will no longer need to synchronize with the mainnet but can adjust staking requirements and validation rules according to L1’s needs. Additionally, the new per-second billing model will significantly reduce validators’ operational costs.
Technical Foundation and Interoperability Protocols behind Avalanche9000:
To support the successful implementation of Avalanche9000, Avalanche introduced two important cross-chain technical protocols – Inter-Chain Token Transfers (ICTT) and Inter-Chain Messaging (ICM).
Inter-Chain Token Transfers (ICTT): This protocol, based on Avalanche Warp Messaging (AWM) technology, facilitates token transfers across subnets through smart contracts. Users can securely and efficiently transfer tokens between different Avalanche L1 chains, enhancing flexibility and interoperability in the entire Avalanche ecosystem.
Inter-Chain Messaging (ICM): The ICM protocol enables seamless communication between Avalanche’s C-Chain and new or existing Avalanche L1 chains, further enhancing Avalanche’s cross-chain operational capabilities. Developers can easily achieve information flow between different L1 chains through simple contract calls, promoting the development and deployment of cross-chain applications.
$250 Million Financing to support Avalanche9000:
Alongside the Avalanche9000 upgrade, Avalanche announced the completion of a $250 million private financing round. Lead investors include Galaxy Digital, Dragonfly, and ParaFi Capital, with over 40 renowned investment institutions participating. The raised funds will support the launch of Avalanche9000 upgrade and the continuous expansion of the ecosystem. This financing not only demonstrates investors’ confidence in Avalanche’s future development but also provides strong support for Avalanche in terms of technical research and market promotion.
Potential and Market Impact of Avalanche’s Future:
The launch of Avalanche9000 is undoubtedly a milestone event in the Avalanche ecosystem, but market reaction may take time. Although Avalanche has made significant technological progress, in the current market environment, many investors are more focused on meme coins and short-term explosive assets. Compared to projects like Avalanche that prioritize technological innovation and long-term sustainable development, while continuously breaking through technically, they may not attract a large number of investors’ attention quickly in the short term.
However, the cost reduction in L1 deployment, Gas fee reduction, and enhanced cross-chain communication brought by Avalanche9000 will make it an important and indispensable part of the future blockchain ecosystem. With more L1 projects coming online, Avalanche is poised to seize new development opportunities and provide more flexible and efficient blockchain infrastructure for the entire Web3 domain.
Conclusion:
The successful launch of Avalanche9000 is an important step for Avalanche in expanding ecosystem influence, lowering development barriers, and improving user experience. Through this upgrade, Avalanche not only significantly reduces the deployment cost of L1 but also enhances cross-chain interoperability and efficiency of C-Chain transactions. With hundreds of L1 projects expected to go live, Avalanche is set to reach new heights in ecosystem development. While market sentiment favors short-term profit assets like meme coins, Avalanche’s technological advancements undoubtedly provide strong support for the long-term sustainable development of the blockchain industry. For developers and investors, the launch of Avalanche9000 signifies more opportunities and challenges, making it worth continuous attention in the future.
