The cost of using avalanche, a defi-focus smart-contract blockchain, has fallen from implementing the Upgrading Avalanche9000 On December 16, the transmission of the number of transactions to more than one third.
Since upgrading, the Proof-of-Stake Blockchain’s Use fees known as gas average almost 75% less than the months before, the data from Flipside and Bitquery Show. The number of transactions increased by 38% on average 354,691 a day.
Avalanche, the fifth largest smart-contract blockchain by the value of the native token market, boasts of a multichein C-chain structure, which holds smart contracts, P-chain for staking and coordination management and coordination of Validator and X-chain for asset transfer processing.
The upgrade composed Seven improvement measures, including ACP-125, have lowered the base fee to run intelligent contracts with C-chain to 1 Navax from 25 Navax. A Navax is a billion of an Avax.
The upgrade also Replaced The heavy 2,000 Avax validator fees with a monthly subscription of 1 to 10 Avax, opening doors for projects of all sizes to introduce layer 1 (L1) protocols to the Avalanche.
The purpose of the upgrade is to make every part of the Avalanche Tech stack cheaper by reducing C-chain fees and removing capital requirements for L1 validators, Stephen Butolph, Chief Protocol Architect of Ava Labs, Decrypt said in November.
