Avalanche Introduces Cortina Upgrade – AVAX Growth Over 6%

according to notify It’s official, Avalanche’s much-anticipated Cortina upgrade has gone live on mainnet, bringing major improvements that enhance the development experience for this layer 1 blockchain.

AVAX reacted positively to the news, up 6.15% in the 24 hours to press time. The token broke its weekly downtrend, losing 19% of its value.

Source: Tradingview

Cortina brings this What?

According to Avalanche, the most important optimization in the upgrade process will be the linearization of X-Chain. X-Chain, also known as the transaction chain, is used to send and receive funds on the Avalanche network. With the help of linearization, exchanges will find X-Chain processing much simpler.

Second, after activating Cortina, fee distribution for validators with multiple proxies will be much simpler. According to the graph below, the number of proxies on the network has multiplied several times to over 84,000 at the time of writing.

Source: Avalanche Explorer

Going forward, fees will be batched over the node’s entire validation lifecycle and distributed upon unstaking, rather than being sent as UTXO at each successful authorization stage, thus facilitating authenticators.

In addition, Cortina has also increased the C-Chain block gas limit to 15 million gas, allowing developers to deploy complex decentralized applications. C-Chain (contract chain) is used for smart contracts and Defi applications.

Condition network

Over the past 10 days, the number of transactions across all Avalanche subnets has spiked by almost 46%, indicating the network’s growing traction. Driving the surge may be the launch of the Evergreen subnet earlier this month.

Avalanche Avax

Source: Avalanche Explorer

Additionally, the throughput of the network is significantly higher. About 10 days ago, the average transactions per second (TPS) increased from 15 to 22.

Avalanche Avax

Source: Avalanche Explorer

Despite the launch of Cortina, investors are still not ready to bet on AVAX. According to data from Coinglass, there have been more short positions on the token than long positions over the past 24 hours.

Avalanche Avax

Source: Coinglass

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According to AMBCrypto

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