Avalanche Unveils Vryx Scaling Solution to Reach 100,000 TPS, Fueling AVAX Price and DeFi Growth
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Avalanche unveils new scaling solution, Vryx, to reach 100,000 transactions per second
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Vryx uses novel Decoupled State Machine Replication (DSMR) approach to improve transaction processing
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Solution divides transaction process into segments, runs them in pipeline for better speed
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AVAX token price surges 10% on news, outpacing other major cryptocurrencies
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Avalanche DeFi ecosystem also grows, with total value locked rising 7% to $876 million