Octane Upgrade Slashes Avalanche Transaction Costs
Octane Upgrade Slashes Avalanche Transaction Costs
⚡ Gas Fees Just Evaporated
Avalanche's Octane upgrade delivers significant cost reductions across the network:
- Transaction fees decreased by 30%
- DEX swap costs reduced by 97%
- Transfer fees cut by 99.5%
This follows December's major upgrade that brought a 96% reduction in gas fees on C-Chain, particularly benefiting NFT platforms like Joepegs.
The optimization makes free mints and transfers substantially more accessible, potentially catalyzing increased network activity and development.
Impact for users: Near-zero cost transfers and significantly cheaper DeFi operations on Avalanche.
With transaction fees dropping 30%, swaps down 97%, and transfers cut by 99.5%, how does Octane boost your plans on Avalanche? ⛽️
The @avax Octane upgrade is live and costs are already dropping: • Txn fee: 0.0001 → 0.00007 (-30%) • Swap fee: 0.003 → 0.0001 (-97%) • Fee per 1K AVAX transferred: 0.04 → 0.00021 (-99.5%) (values are denoted in $AVAX - percentages are before the upgrade vs after)
VanEck Launches First AVAX ETF on Nasdaq
VanEck has launched the first-ever Avalanche (AVAX) exchange-traded fund on Nasdaq under the ticker $VAVX. This marks a significant milestone for AVAX, becoming one of the few cryptocurrencies to receive ETF approval in traditional markets. The launch follows VanEck's track record of introducing crypto ETFs, including their Bitcoin ETF on the Australian Securities Exchange in 2024. The AVAX ETF provides traditional investors with regulated exposure to Avalanche without directly holding the cryptocurrency.
GoKiteAI Explains Avalanche Integration on The Block Podcast
**GoKiteAI discusses their decision to build on Avalanche** in a recent episode of The Block Pods. The conversation explores the technical and strategic reasons behind choosing Avalanche's infrastructure for their platform. This follows broader industry trends toward customized blockspace solutions, as companies increasingly seek dedicated blockchain environments tailored to their specific needs. [Listen to the full episode](https://x.com/TheBlockPods/status/2013626715856048512)
Avalanche Opens Applications for Game Builders and Retro9000 Program
Avalanche has launched two key initiatives for developers: **Game Building Program** - Applications now open for game developers at [build.avax.network/build-games](http://build.avax.network/build-games) - Focused on attracting gaming projects to the Avalanche ecosystem **Retro9000 Initiative** - Learn more about the program at [retro9000.avax.network](http://retro9000.avax.network) - Separate application process available for interested builders Both programs aim to expand Avalanche's developer community and encourage new project development on the network.
Avalanche Foundation Launches Bonus Program for New Apps and Build Games Participants
The **Avalanche Foundation** is offering bonuses to incentivize development on its platform: - **New app bonuses**: Financial support for fresh applications building on Avalanche - **Build Games participants**: Additional rewards for developers in the gaming-focused program This initiative follows Avalanche's earlier **$250K Gaming Accelerator** partnership with Helika, which provided: - Technical mentorship and blockchain integration support - Game analytics and community growth tools - Demo Day opportunities to pitch to investors The bonus program aims to expand Avalanche's ecosystem by attracting developers across gaming and general applications. [Learn more and apply](https://x.com/AvalancheFDN/status/2014035869087518920)
Avalanche Launches $40M Retro9000 C-Chain Round for Builders
**Avalanche announces $40M Retro9000 C-Chain funding round** The Avalanche Foundation has launched a major new funding initiative for builders on its platform. The **Retro9000 C-Chain round** offers $40 million in retroactive funding. **Key details:** - Builders receive funding based on fees burned by their applications - Rewards are tied directly to app usage and network activity - Follows previous Retro9000 rounds that distributed over $250K to builders This funding model incentivizes developers to build applications that generate real network activity and value.