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- Avalanche9000 reduces Layer 1 blockchain deployment costs by 99.9%, boosting new launches and enhancing platform efficiency.
- Avalanche introduces Interchain Messaging, enabling seamless communication and asset transfers between Avalanche Layer 1 blockchains.
Avalanche has unveiled Avalanche9000 on its Mainnet, a development that drastically reduces the Layer 1 (L1) blockchain deployment cost by 99.9%. For Avalanche, this action is a calculated effort towards betterment in the blockchain ecosystem.
With hundreds of L1s now under development on testnets, the platform expects a boom of new releases in the next months pushed by lowered entrance obstacles for both developers and institutions equally.
Avalanche9000 is live on Mainnet 🔺
Built for everything. Build for everything.
This is the start of… pic.twitter.com/5dwAYxUc9I
— Avalanche9000 🔺 (@avax) December 16, 2024
Avalanche9000: Lower Gas Fees and Enhanced Interchain Connectivity
Avalanche9000 also emphasizes improving the basic infrastructure of the platform by lowering the minimum gas fees on the C-Chain by an amazing 96%. Following this update, the central center of Avalanche’s ecosystem—the C-Chain—is likely to see a significant rise in activity.
Blockworks Research claims that the lower gas prices could result in a ~50% rise in transactions on the chain, therefore confirming Avalanche’s competitiveness in the blockchain sector.
Avalanche 9000 stands out mostly for its improved Interchain Messaging, which lets all Avalanche-based L1s interact effortlessly with one another. This link guarantees that every Avalanche L1 will gain from group success, hence enabling effective asset transfers and more general interoperability.
These developments make it possible for customized L1 blockchains to grow free from compromising performance, customizing, or pricing.
Tailored Layer 1 Solutions for Diverse Applications
Avalanche stresses the importance of Layer 1 solutions in several fields since he understands that diverse uses call for different solutions. While institutions give customizing and control top priority, gaming platforms seek high speed and responsiveness; DeFi platforms need lower prices and improved interoperability.
Launching their own Avalanche L1 allows developers and companies to establish customized infrastructures satisfying these particular needs without sacrificing anything else.
Meanwhile, AVAX, the native Avalanche token, has demonstrated really good performance meanwhile. AVAX is trading at about $48.99 as of writing, up 8.80% over the last 7 days. This expansion has also pushed its market cap above the $20 billion mark.
Apart from Avalanche 9000, according to CNF, the Avalanche Foundation bought 1.97 million AVAX tokens from the now-defunct Luna Foundation Guard (LFG) in early November 2024. While following past agreements between the two groups, this calculated action seeks to improve the Avalanche ecology.
Essential for promoting innovation and development inside the Avalanche network, the tokens obtained through this buyback are set to support community projects, including awards, events, and incubator programs.
Broadly speaking, as we previously noted, Avalanche is still regarded as a leader in real-world asset (RWA) tokenization in a sector. With Avalanche, Chainlink, VeChain, and Internet Computer Protocol rising as major names pushing this trend, it shows that RWAs are progressively acquiring popularity on social media platforms.
