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Finance

Avalanche’s Cortina Upgrade Goes Live on Protocol’s Testnet; AVAX Token Rallies

The change improves support for exchanges and may bring faster development, Avalanche says.

By Elizabeth Napolitano
AccessTimeIconApr 6, 2023 at 6:02 p.m. UTC
Updated May 9, 2023 at 4:12 a.m. UTC
The Avalanche booth at HBC 2022 (Danny Nelson/CoinDesk)
The Avalanche booth at HBC 2022 (Danny Nelson/CoinDesk)

Avalanche’s AVAX token has rallied 2% over the past 24 hours after the layer 1 protocol’s Cortina upgrade went live on its testnet Thursday.

Cortina makes it easier for exchanges to support Avalanche’s X-Chain, which the protocol uses to send and receive funds. The upgrade will also enable faster development, among other benefits, according to Avalanche.

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    • Cortina isn’t the only news in the Avalanche ecosystem this week. Avalanche also released “Evergreen Subnets,” a series of tools designed for financial institutions.

    Read more: Avalanche Blockchain Had 1,500% Transactional Growth in 2022: Nansen

    Edited by Nick Baker.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Elizabeth Napolitano
    Elizabeth Napolitano

    Elizabeth Napolitano was a news reporter at CoinDesk.

    Follow @LizKNapolitano on Twitter
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