NOIDA (CoinChapter.com) — Avalanche launched its ‘Durango‘ upgrade, scheduled for the Fuji testnet on Feb.14. The upgrade introduces Avalanche Warp Messaging (AWM) to the C-chain, promoting cross-chain communication.
The blockchain platform claimed the Durango update would introduce new improvements, including the Avalanche Warp Messaging Upgrade.
Avalanche Durango Upgrade Shoots At Interoperability With AWM
Avalanche Warp Messaging (AWM) paves the way for seamless interactions between Ethereum Virtual Machine (EVM) chains within the Avalanche ecosystem. The new update aims to enhance the capabilities of the Avalanche blockchain ecosystem.
Avalanche first sent a “Cross-Subnet message” using the AWM feature on the mainnet in Dec. 2022. The feature helps enable direct communication between any two blockchains on different Subnets, enhancing the efficiency and security of asset management on the Avalanche network.
Moreover, AWM streamlines messaging between Subnets by removing the need for external intermediaries, relying solely on the network’s validators for direct and secure communication verification.
Moreover, the upgrade would also introduce features like P-Chain native transfers and activating Shanghai EIPs on the C-Chain. To recap, Avalanche’s architecture includes P-Chains and C-Chains. The Platform Chain (P-Chain) oversees network metadata and validator coordination.
On the other hand, the Contract Chain (C-Chain) is an instance of the Ethereum Virtual Machine (EVM) that facilitates smart contract creation and execution, compatible with Ethereum’s ecosystem.
AVAX Price Reacts To Durango Launch News, But Crabbing Continues
AVAX price spiked more than 8% on Feb. 14 to reach a daily high near $42.3, likely reacting to news of the Avalanche Durango upgrade launch. However, the rally failed to push Avalanche price above the resistance near $44.8.
A break above the immediate resistance might help AVAX price target the resistance near $53.5, a price level AVAX bulls last defended in early May 2022.
On the other hand, if the Avalanche Durango upgrade fails to avoid a bearish outlook or attract profit-booking bears, the token might drop to the support near $37. Moreover, failure of the immediate support level could force the AVAX price to test the support near $31 before recovering.
The RSI for AVAX remained neutral, clocking a score of 64.6 on the daily charts.
