Avalanche mainnet welcomes a major upgrade! Avalanche9000 has been launched on the testnet, and this upgrade reduces chain deployment costs by 99.9%, bringing good news to developers. 🎉 At the same time, Avalanche has launched a $40 million Retro9000 retrospective rewards program aimed at incentivizing developers to build Layer 1 blockchains and related tools on the testnet.

This upgrade includes two important proposals: ACP-77 enhances validator flexibility, and ACP-125 reduces base fees by 96%. According to data from The Block, AVAX's trading volume reached $1.9 billion in the past 24 hours, and the price has risen by over 8%. The CEO of the Avalanche Foundation stated that this will encourage enterprises to establish self-controlled Layer 1 blockchains. 🚀