The cost of using Avalanche, a defi-focused smart contract Blockchain, has fallen since the implementation of the Avalanche9000 upgrade on December 16 and sent up the number of transactions by more than a third.
Since the upgrade, Proof-of-Stake Blockchains use fees known as gas on average on average approx. 75% less than in the months in advance, data from flipside and bitquery show. The number of transactions has increased by 38% to an average of 354,691 a day.
Avalanche, the world’s fifth largest smart contract Blockchain of the market value of its original token Avax, boasts a multi-structure of C-chain that handles smart contracts, p-chain for controlling efforts and validator coordination and x-chain to treat the treatment of asset transfers.
The upgrade included seven improvement suggestions, including ACP-125, which lowered the base fee to run smart contracts on C-chain to 1 Navax from 25 Navax. A Navax is a billionth of an Avax.
The upgrade also replaced the hefty validation fee of 2,000 AVAX with a monthly subscription of 1 to 10 Avax, which opened doors for projects of all sizes to introduce layers 1 (L1) protocols in avalanches.
The goal of the upgrade was to make any 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, decrypt told Decrypt in November.