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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.

Updated May 9, 2023, 4:12 a.m. Published Apr 6, 2023, 6:02 p.m.

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.

Avalanche AVAX Upgrade