HomeNewsCrypto's Rising Star: AVAX Token Skyrockets Following Avalanche's Cortina Upgrade

Crypto’s Rising Star: AVAX Token Skyrockets Following Avalanche’s Cortina Upgrade

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  • Avalanche’s Cortina upgrade goes live on protocol’s testnet and AVAX token rallies.
  • The upgrade improves support for exchanges and enables faster development.

Avalanche’s layer 1 protocol, AVAX token, has surged by 2% following the implementation of its Cortina upgrade on the testnet. According to Avalanche, the upgrade will enhance exchanges’ support for its X-Chain, which the protocol uses to send and receive funds, and speed up development among other benefits. In addition, the protocol has launched “Evergreen Subnets,” a set of financial tools designed for institutions.

Cortina upgrade streamlines exchange support

The implementation of Cortina on Avalanche’s testnet has been instrumental in streamlining exchanges’ support for the protocol’s X-Chain, a vital component of Avalanche’s operations. This development, according to the protocol, will improve user experience and enhance the overall efficiency of Avalanche’s ecosystem.

Avalanche introduces “Evergreen Subnets” for financial institutions

Apart from Cortina, Avalanche has also launched “Evergreen Subnets,” a series of tools designed for financial institutions. This development is a step towards attracting more institutional investors to the Avalanche network and, in the long run, enhancing the protocol’s credibility in the crypto space.

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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628