Avalanche Daily Fees Surge Ahead of Etna Upgrade

Layer 1 blockchain Avalanche is experiencing a surge in network fees , according to Token Terminal. Its daily trading fees have increased by 5x in the last month, with the daily transaction count also rising. Avalanche’s fee surge comes just in time for the network’s Etna upgrade, scheduled for December 16. Etna’s rollout follows the launch of Avalanche9000, another upgrade meant to improve cross-chain interoperability and simplify Layer 1 creation. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant