Introduction
Public chain Avalanche has officially announced the successful launch of its major network upgrade, Avalanche9000, today. This upgrade is considered the largest-scale optimization since the launch of Avalanche mainnet, marking a significant milestone for Avalanche (AVAX) in scalability, interoperability, and developer-friendliness. The official statement indicates that Avalanche9000 not only significantly reduces the deployment cost of L1 (formerly known as “subnets”), but also lowers the gas fees of the C-Chain to the lowest level in history, with an expected 50% increase in transaction volume.
The Latest Price of Avalanche Coin (AVAX)
AVAX (Avalanche)
Rank: 34
Invested by a16z
$50.31
+$1.16
+2.36%
Real-time Data ·
17:51:53
$50.86
24H High
$48.32
24H Low
$146.22
All-time High
$2.79
All-time Low
15.01 million
24H Trading Volume
750 million
24H Trading Amount
370 million
Total Supply
20.57 billion
Market Cap
+5.26%
24H Fluctuation
409,765,003.9821
Circulating Supply
$50.46
Yesterday’s Opening Price
$48.99
Yesterday’s Closing Price
57.25%
Circulation Rate
K-Line
Trends
All
24H
7 Days
30 Days
3 Months
1 Year
let tabIdx = 0;
let timeIdx = 0;
let type = ‘all’;
$(‘.echarts_head .head_left_item’).click(function () {
$(‘.echarts_head .head_left_item’).removeClass(‘active’);
tabIdx = $(this).index();
$(this).addClass(‘active’);
if (tabIdx == 1) {
$(‘#tvChart’).hide();
$(‘#trendChart’).show();
return;
}
$(‘#trendChart’).hide();
$(‘#tvChart’).show();
})
$(‘.echarts_head .head_right_item’).click(function () {
$(‘.echarts_head .head_right_item’).removeClass(‘active’);
timeIdx = $(this).index();
$(this).addClass(‘active’);
})
var klineData;
getTjList();
function getTjList(start, interval, type) {
let url = ‘/e/extend/api/index.php?m=v2&c=kline&coin=binance_AVAX_USDT&id=12’;
$.ajax({
url: url + ‘&start=’ + start + ‘&interval=’ + interval + ‘&type=’ + type,
data: ”,
type: ‘post’,
cache: false,
dataType: ‘json’,
success: function (resdata) {
klineData = resdata
setTimeout(function () {
initKline(type)
}, 500);
},
error: function (e) {
console.log(‘resdata e’, e);
// alert (“异常！”);
}
});
}
function initKline(type) {
let typeStr = type ? type : ‘all’
const periodTypeList = {
‘all’: 3,
‘d’: 14,
‘w’: 2,
‘m’: 2,
‘3m’: 3,
‘ydt’: 3,
}
const coinName = ‘AVAX’;
const periodType = periodTypeList[typeStr];
// 数据要升序才能正常显示
const historyData = klineData
.sort((cur, next) => cur.T – next.T)
.map((item) => {
return {
time: item.T,
low: item.l,
high: item.h,
open: item.o,
close: item.c,
volume: item.v,
};
});
const exchange = “528BTC”;
const tradePair = `${coinName}/USDT`
const config = {
periodType,
datafeedConfig: {
periodType,
historyData,
symbolInfo: {
ticker: `${exchange}:${tradePair}`,
name: tradePair,
description: tradePair,
type: “528btc”,
exchange,
},
},
tradingViewConfig: {
symbol: `${exchange}:${tradePair}`,
interval: periodType,
container: `tvChart`,
},
}
let length = historyData.length <= 90 ? (historyData.length) - 1 : 90;
console.log(length)
const visibleRangeOption = {
// 这里的时间单位是 秒
from: historyData[length].time / 1000,
to: historyData[0].time / 1000,
};
const widget = generateTradingViewAndMount(config);
widget.onChartReady(() => {
const chart = widget.chart();
chart.setVisibleRange(visibleRangeOption);
});
//chart.setPriceVolumePrecision(8,8)
}
function changeKline(type) {
type = type;
const currentTimeStamp = Date.now();
// 一天前的时间戳
const oneDayAgoTimeStamp = currentTimeStamp – (24 * 60 * 60 * 1000);
// 七天前的时间戳
const sevenDaysAgoTimeStamp = currentTimeStamp – (7 * 24 * 60 * 60 * 1000);
// 一个月前的时间戳
const oneMonthAgoTimeStamp = new Date().setMonth(new Date().getMonth() – 1);
// 三个月前的时间戳
const threeMonthsAgoTimeStamp = new Date().setMonth(new Date().getMonth() – 3);
// 一年前的时间戳
const oneYearAgoTimeStamp = new Date().setFullYear(new Date().getFullYear() – 1);
const time = {
‘all’: ”,
‘d’: oneDayAgoTimeStamp,
‘w’: sevenDaysAgoTimeStamp,
‘m’: oneMonthAgoTimeStamp,
‘3m’: threeMonthsAgoTimeStamp,
‘ydt’: oneYearAgoTimeStamp,
}
// 5m,15m,30m,1h,6h
const interval = {
‘all’: ”,
‘d’: ‘5m’,
‘w’: ‘1h’,
‘m’: ‘1h’,
‘3m’: ‘1d’,
‘ydt’: ‘1d’,
}
if (tabIdx == 1) {
getTrendLine(type)
return;
}
getTjList(time[type], interval[type], type)
}
let bid = ‘AVAX’
Highcharts.setOptions({
lang: {
rangeSelectorZoom: ”,
thousandsSep: ”
},
global: {
useUTC: false
}
});
getTrendLine(type)
function getTrendLine(type) {
$.getJSON(‘https://bullrunflash.com/e/extend/api/index.php?m=news&c=kdata&type=’ + type + ‘&id=12&cid=12’, function (data) {
var T = [];
var u = [];
var b = [];
var a = [];
var v = [];
data.data.forEach(item => {
let [time, ui, bi, ai, vi] = item;
u.push([time, ui]);
b.push([time, bi]);
a.push([time, ai]);
v.push([time, vi]);
})
// 创建图表
chart1 = Highcharts.stockChart(‘trendChart’, {
chart: {
zoomType: ‘x’,
height: 520,
width: 780
},
colors: [‘#5984FB’, ‘#AE5CCC’, ‘#F7D049’, ‘#777’,
‘#24CBE5’, ‘#64E572’, ‘#FF9655’, ‘#FFF263’, ‘#6AF9C4’],
rangeSelector: {
selected: 5,
enabled: false, // 取消筛选
inputDateFormat: ‘%Y-%m-%d’
},
scrollbar: {//取消下部滚动条
enabled: false
},
tooltip: {
split: false,
shared: true,
dateTimeLabelFormats: {
millisecond: ‘%Y-%m-%d %H:%M’,
second: ‘%Y-%m-%d %H:%M’,
minute: ‘%Y-%m-%d %H:%M’,
hour: ‘%Y-%m-%d %H:%M’,
day: ‘%Y-%m-%d %H:%M’,
week: ‘%Y-%m-%d %H:%M’,
month: ‘%Y-%m-%d %H:%M’,
year: ‘%Y-%m-%d %H:%M’
}
},
yAxis: [{
title: {
text: ‘Total Volume’,
style: {
color: “#7cb5ec”
}
},
visible: false,
height: ‘80%’,
labels: {
formatter: function () {
return (this.value / 1000000000).toString() + ‘ Billion’;
},
style: {
color: “#7cb5ec”
}
},
opposite: false,
}, {
title: {
text: ‘Average Price (USDT)’,
style: {
color: “#009933”
}
},
visible: false,
labels: {
style: {
color: “#009933”
}
},
height: ‘80%’,
}, {
title: {
text: ‘Average Price (BTC)’,
style: {
color: “#f7931a”
}
},
visible: false,
labels: {
formatter: function () {
return this.value + bid;
},
style: {
color: “#f7931a”
}
},
height: ‘80%’,
}, {
title: {
text: ‘Volume’,
style: {
color: “#777”
}
},
visible: false,
labels: {
formatter: function () {
return (this.value / 1000000000).toString() + ‘ Billion’;
},
style: {
color: “#777″Avalanche9000 Launches, Bringing Key Innovations to the Avalanche Ecosystem
One of the main highlights of Avalanche9000 is the 99.9% reduction in the deployment cost of L1. This optimization makes it easier for developers to launch and manage L1, and it is expected that hundreds of L1 blockchains will be launched in the future. This significantly lowers the entry barrier for developers into the Avalanche ecosystem, providing a broader development space for projects in various fields such as gaming, payments, and institutional applications.
Avalanche9000 also optimized the C-Chain, Avalanche’s smart contract chain, reducing the minimum gas fee by 96%. This greatly reduces the transaction cost on C-Chain and is expected to further increase the network’s transaction volume. According to Blockworks Research, C-Chain’s transaction volume is expected to grow by about 50% as a result.
The upgrade introduces an enhanced Inter-Chain Messaging (ICM) functionality, enabling efficient communication and asset transfer between different Avalanche L1s. This enhances the interoperability among Avalanche’s L1s, strengthening the synergy of the entire ecosystem.
Retro9000 Incentive Program: Incentivizing Developers
Alongside the Avalanche9000 upgrade, the Retro9000 incentive program was launched. This $40 million retroactive reward program aims to incentivize developers to build L1s and related tools on the Avalanche9000 testnet. The program provides substantial financial support to developers, driving the rapid development of the Avalanche ecosystem.
Changes to AvalancheL1 and Validators
In this upgrade, Avalanche made adjustments to the validation mechanism of L1. Avalanche9000 renamed Avalanche’s “subnets” to “L1” and made improvements to the flexibility of the validation mechanism. Previously, validators had to stake 2,000 AVAX tokens (approximately $100,000) and synchronize with the mainnet to become validators of Avalanche subnets. However, after the Avalanche9000 upgrade, L1 validators will no longer need to synchronize with the mainnet. Instead, they can adjust the staking requirements and validation rules according to L1’s own needs. Additionally, the new per-second billing model will significantly reduce validators’ operational costs.
The Technological Foundation and Interoperability Protocols Behind Avalanche9000
To support the smooth implementation of Avalanche9000, Avalanche has introduced two important cross-chain technical protocols: Inter-Chain Token Transfer (ICTT) and Inter-Chain Messaging (ICM).
ICTT is a protocol based on Avalanche Warp Messaging (AWM) technology, allowing token transfers across subnets through smart contracts. Users can transfer tokens safely and efficiently between different Avalanche L1s, enhancing the flexibility and interoperability of the entire Avalanche ecosystem.
ICM enables seamless communication between Avalanche’s C-Chain and new or existing Avalanche L1s, further enhancing Avalanche’s cross-chain capabilities. Developers can achieve information flow between different L1s through simple contract calls, facilitating the development and deployment of cross-chain applications.
$250 Million Financing to Support Avalanche9000
In conjunction with the Avalanche9000 upgrade, Avalanche announced the completion of a $250 million private financing round. The funding was led by Galaxy Digital, Dragonfly, and ParaFi Capital, with participation from over 40 well-known investment institutions. The raised funds will be used to support the launch of Avalanche9000 upgrade and the continued expansion of the ecosystem. This financing not only demonstrates investors’ confidence in Avalanche’s future development but also provides strong support for Avalanche’s technological research and market promotion.
The Potential and Market Impact of Avalanche in the Future
The launch of Avalanche9000 is undoubtedly a milestone event in the Avalanche ecosystem, but market reactions may take time. While Avalanche has made significant technological progress, many investors are currently focused on meme coins and short-term explosive assets. Compared to projects that prioritize technological innovation and long-term sustainability like Avalanche, they may not quickly attract a large number of investors in the short term.
However, the reduced L1 deployment cost, lower gas fees, and enhanced cross-chain communication brought by Avalanche9000 will make it an important and indispensable part of the future blockchain ecosystem. With the launch of more L1 projects, Avalanche is expected to seize new development opportunities and provide a more flexible and efficient blockchain infrastructure for the entire Web3 domain.
Conclusion
The successful launch of Avalanche9000 is an important step for Avalanche in expanding its ecosystem influence, lowering the development threshold, and enhancing user experience. Through this upgrade, Avalanche not only significantly reduces the deployment cost of L1 but also improves the cross-chain interoperability and efficiency of C-Chain transactions. With the launch of hundreds of L1 projects, Avalanche is expected to reach new heights of ecosystem development. Although market sentiment currently favors short-term high-yield assets like meme coins, Avalanche’s technological advancements undoubtedly provide strong support for the long-term sustainable development of the blockchain industry. For developers and investors, the launch of Avalanche9000 represents more opportunities and challenges, making it worth continuous attention in the future.
