The high-performance blockchain platform Avalanche announced on Monday the official launch of its long-awaited Avalanche9000 upgrade on the mainnet. This upgrade introduces many new features, including making it easier to deploy L1 subnets within the network and reducing the running costs of smart contracts.
The Avalanche team wrote on the community platform X: "This marks the beginning of hundreds of Avalanche L1s coming online. Avalanche9000 reduces the cost of deploying an L1 by 99.9%, and with hundreds of L1s in development on the testnet, we expect a wave of network launches in the coming months."
Avalanche9000 is the largest upgrade to the network to date, including improvements from ACP-77 and ACP-125, the former changing the way validators operate and the latter reducing the base fees on Avalanche's main "C-chain" network.
According to the Avalanche9000 website, validators will no longer need to validate the main chain when validating specific subnets, and these chains launched on Avalanche can have their own validator sets, reducing operational costs and hardware requirements.
Avalanche is a multi-chain network composed of three independent blockchains, each designed for different operations. The Exchange Chain (X-Chain) primarily handles the creation and trading of digital assets, the Platform Chain (P-Chain) coordinates validators and subnets, and the Contract Chain (C-Chain) handles smart contract functionality.
Claiming to support over 500 L1 blockchains, Avalanche launched the Avalanche9000 testnet in November, offering over $40 million in retroactive rewards to developers building on the network. Last week, the Avalanche Foundation raised $250 million through a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital to support the launch of this upgrade.
According to CoinMarketCap data, Avalanche's native token AVAX is currently the 11th largest cryptocurrency by market capitalization. Following the news of the Avalanche9000 mainnet launch, the AVAX price did not see a significant change, trading at $48.61 at the time of writing, up about 6.7% in the past week.
