Avalanche: The Avalanche9000 upgrade has been launched on the testnet, along with a $40 million retroactive rewards program

ChainCatcher news, according to The Block, the major upgrade Avalanche9000 for the Avalanche mainnet has been launched on the testnet, which reduces the chain deployment cost by 99.9%. At the same time, a $40 million Retro9000 retroactive rewards program has been introduced to incentivize developers to build Layer 1 blockchains and related tools on the testnet.

This upgrade includes two important community proposals: ACP-77, which enhances the flexibility of Layer 1 validators, and ACP-125, which reduces the base fee by 96%.

According to data from The Block, the trading volume of AVAX reached $1.9 billion in the past 24 hours, with the coin price rising over 8%. Avalanche Foundation CEO Aytunç Yildizli stated that this upgrade will drive enterprises within the ecosystem to establish self-controlled Layer 1 blockchains.