{"id":10458,"date":"2025-01-30T10:31:43","date_gmt":"2025-01-30T10:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10458"},"modified":"2025-01-30T10:31:43","modified_gmt":"2025-01-30T10:31:43","slug":"avalanche-blockchains-december-upgrade-cut-usage-fees-by-75","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10458","title":{"rendered":"Avalanche Blockchain’s December Upgrade Cut Usage Fees by 75%"},"content":{"rendered":"
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The cost of using Avalanche, a DeFi-focused smart-contract blockchain, has slumped since the implementation of the Avalanche9000 upgrade<\/a> on Dec. 16, sending the number of transactions up by more than a third.<\/p>\n

Since the upgrade, the proof-of-stake blockchain’s<\/a> usage fees known as gas have averaged roughly 75% less than in the months beforehand, data from Flipside<\/a> and Bitquery<\/a> show. The number of transactions has increased by 38% to an average of 354,691 a day.<\/p>\n

Avalanche, the world’s fifth-largest smart-contract blockchain by the market value of its native token AVAX, boasts of a multichain structure of C-Chain, which handles smart contracts, P-Chain for managing staking and validator coordination and X-Chain for processing asset transfers.<\/p>\n

\"\"<\/p>\n

The upgrade comprised<\/a> seven improvement proposals, including ACP-125, which lowered the base fee to run smart contracts on the C-Chain to 1 nAVAX from 25 nAVAX. One nAVAX is a billionth of an AVAX.<\/p>\n

The upgrade also replaced<\/a> the hefty validator fee of 2,000 AVAX with a monthly subscription of 1 to 10 AVAX, opening doors for projects of all sizes to introduce layer 1 (L1) protocols on Avalanche.<\/p>\n

The goal of the upgrade was to make every component of the Avalanche tech stack cheaper by reducing C-Chain fees and removing capital requirements for L1 validators, Stephen Buttolph, Ava Labs’ chief protocol architect, told\u00a0Decrypt<\/a> in November.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The cost of using Avalanche, a DeFi-focused smart-contract blockchain, has slumped since the implementation of the Avalanche9000 upgrade on Dec. 16, sending the number of transactions up by more than a third. Since the upgrade, the proof-of-stake blockchain’s usage fees known as gas have averaged roughly 75% less than in the months beforehand, data from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10458","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10458"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10458\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}