According to ChainCatcher news and reported by DLNews, Avalanche will launch the Granite upgrade this week, aimed at enhancing transaction speed and security. Ava Labs executive Olivia Vande Woude stated that the upgrade can reduce settlement time to under 2 seconds, making it more suitable for applications that require real-time on-chain confirmation.
Granite includes three core updates: dynamically adjusting transaction processing speed to cope with on-chain traffic fluctuations, reducing cross-chain transaction costs, and introducing biometric signature capabilities (supporting fingerprint, facial, and other verification methods).
However, this six-year-old blockchain is facing economic challenges. DefiLlama data shows that over the past six weeks, Avalanche has seen a loss of $1.4 billion in DeFi deposits, and the current on-chain economic scale has plummeted nearly 90% compared to its peak of $17.8 billion in 2022. Whether the Granite upgrade can reverse this downward trend will be a critical test for Avalanche.
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