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Avalanche Network Launched a New Upgrade This Last Week

Published 12/11/2022, 06:58 AM
Updated 12/11/2022, 07:00 AM
Avalanche Network Launched a New Upgrade This Last Week

  • The Avalanche team announced a network update deployed yesterday.

  • The upgrade will reduce the network bandwidth of nodes in the network.

  • AVAX’s price has fallen 0.12% over the last 24 hours.

Avalanche (AVAX) released its latest network update yesterday. The new update, named Banff 4, introduced new network optimizations that should reduce a node’s bandwidth usage and prepare for the launch of cross-subnet messaging.

In addition, this version (v1.9.4) is backwards compatible with v1.9.0. Although optional, AVAX developers have recommended that users download it.

There were a few interesting points that were posted by AVAX Daily through the course of this last week. One such point is that AVAX registered double-digit growth in its volume over the past week. As per the tweet, the coin’s volume rose by more than 14%.

AVAX’s weekly price movement was not up to par, as the altcoin’s price dropped 1.85% over the last 7 days. This is according to CoinMarketCap, which also shows that the price of AVAX stands at $13.40 at press time following a 0.12% drop in price over the last 24 hours.

The price of AVAX has also weakened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 0.17% ...

The post Avalanche Network Launched a New Upgrade This Last Week appeared first on Coin Edition.

See original on CoinEdition

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