Avalanche launches Granite upgrade, aiming for 2-second settlement speed

According to DLNews, Avalanche will launch the Granite upgrade this week, aimed at enhancing transaction speed and security. Ava Labs executive Olivia Vande Woude stated that this upgrade could reduce settlement times to under 2 seconds, making it more suitable for applications that require real-time on-chain confirmations.

Granite includes three core updates: dynamically adjusting transaction processing speeds to respond to on-chain traffic fluctuations, reducing cross-chain transaction costs, and introducing biometric signature features (supporting fingerprint, facial recognition, and other verification methods).

However, this six-year-old blockchain is facing economic challenges. Data from DefiLlama shows that Avalanche has lost $1.4 billion in DeFi deposits over the past six weeks, with the current on-chain economic scale plummeting nearly 90% from its peak of $17.8 billion in 2022. Whether the Granite upgrade can reverse this decline will be a critical test for Avalanche.