Avalanche reduces transaction costs by 75%, increasing network activity

Avalanche, a Decentralized finance (DEFI) Blockchain of an intelligent focused contract, saw a significant decrease in transaction costs after its upgrade of December 16, known as avalanche 9,000. This upgrade has succeeded in reducing the costs of use About 75%, which makes it more affordable for users.

Transactions increase 38% after upgrading

Data from the reverse and the Bitque REvens that since upgrading, the number of avalanche transactions has increased by 38%, reaching an average of 354,691 transactions per day. This increase in activity indicates the impact of lower costs to encourage greater use of blockchain.

Key changes for a more profitable blockchain

The upgrade, which was part of a wider set of improvements, has introduced several key changes to the avalanche network. Among them, ACP 125, a proposal that lowered the basic costs to carry out smart contracts.

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This upgrade is a major step for Avalanche in its mission to create a scalable and effective blockchain platform, potentially strengthening its position as a leading player in the smart contract space. These changes are designed to make the avalanche more profitable and accessible, in particular for developers who seek to build decentralized applications (DAPPS) and smart contracts.

[This latest upgrade] focuses on the realization of each component of the cheaper avalanche technical battery. From the reduction of chain costs C to the abolition of capital requirements for L1 validators, each user of the avalanche should undergo reduced costs,

The chief architect of the Ava Labs protocol, Stephen Buttolph, had previously told Decrypt.

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