Avalanche 9,000: Cutting Fees by 75% Boosts Network Activity by 38%

Avalanche, a leading decentralized finance (DeFi) focused smart contract blockchain, has recently implemented a significant upgrade, known as Avalanche 9,000, which has successfully reduced transaction costs by approximately 75%. This reduction in fees has led to a notable increase in network activity, with the number of transactions on Avalanche surging by 38% to an average of 354,691 transactions per day.

The upgrade, part of a broader set of improvements, introduced several key changes to the Avalanche network. One of the most notable changes was the implementation of ACP 125, a proposal that lowered the base fee for running smart contracts. This change, along with others, is designed to make Avalanche more cost-effective and accessible, particularly for developers looking to build decentralized applications (dApps) and smart contracts.

Stephen Buttolph, Chief Protocol Architect at Ava Labs, had previously stated that the latest upgrade focuses on reducing costs across every component of the Avalanche tech stack. This includes lowering C-Chain fees and removing capital requirements for L1 validators, ensuring that every user of Avalanche experiences reduced costs.

This upgrade is a significant step forward for Avalanche in its mission to create a scalable and efficient blockchain platform. By making the network more affordable and accessible, Avalanche is strengthening its position as a leading player in the smart contract space. As the number of transactions continues to grow, Avalanche is poised to attract more developers and users, further solidifying its role in the decentralized finance ecosystem.