The blockchain market is vibrant with dozens of blockchains with different visions, architectures, technologies, protocols, and solutions. We often compare blockchains with each other and speed (number of tps) is the most commonly used parameter.
Before 2023, Solana is considered the fastest blockchain with a capacity of 65K tps, while Avalanche only has a maximum speed of 20K tps[1]. At the end of 2023, TON blockchain became the fastest blockchain on the market when it announced scalability to 104715 tps[2]. Finally, we have a blockchain that has conquered the 100K tps goal that has always been expected since 2017. I do not mention Credits blockchain with 488403 tps[3] because this blockchain is almost unknown in the market and all their tests are far from real conditions.
The good news is that the Avalanche doesn't seem to be left behind in this speed race. Ava Labs has unveiled its innovative scaling solution, Vryx, aiming to push the Avalanche blockchain's transaction throughput to a staggering 100K tps. This breakthrough technology, set to be activated on HyperSDK testnets in Q2, promises to redefine scalability in the blockchain arena. Vryx's pipelined approach, breaking down transaction processing into parallel stages, enables concurrent verification of blocks while the next block is being prepared.
“From the inception of the HyperSDK over a year and a half ago, Ava Labs has been obsessed with providing best-in-class scalability for anyone building their blockchain on Avalanche. Today, we are moving one large step closer to this target with the release of Vryx[4].”
With this new solution, Avalanche will soon catch up with Ton in terms of speed and will dominate with its user base and strong ecosystem. This good news has supported the price recovery of AVAX token, I hope more: AVAX will create a new ATH in 2024 to dominate the market and become an outstanding and worth experiencing blockchain for everyone.
(https://www.tradingview.com/x/AqA5Kk7l/)
Do you think this scaling solution will be successful this cycle? Does high speed warrant AVAX's price increase in this cycle? What price do you expect AVAX to achieve once this solution will be deployed and Avalanche will conquer 100K tps?
[1] Layer-1 Performance: Comparing 6 Leading Blockchains (https://coincodex.com/article/14198/layer-1-performance-comparing-6-leading-blockchains/)
[2] Speed of Tomorrow: TON Is The World’s Fastest Blockchain (https://blog.ton.org/speed-of-tomorrow-ton-is-the-worlds-fastest-blockchain)
[3] CREDITS Records Phenomenal Speed of 488 403 Transactions per Second In Tests (https://coinjournal.net/news/credits-records-phenomenal-speed-of-488-403-transactions-per-second-in-tests/)
[4] Ava Labs Unveils Vryx: A Leap Towards Unprecedented Scalability For Avalanche (https://www.cryptopolitan.com/ava-labs-vryx-scalability-avalanche/)
With this new solution, Avalanche will soon catch up with Ton in terms of speed and will dominate with its user base and strong ecosystem. This good news has supported the price recovery of AVAX token, I hope more: AVAX will create a new ATH in 2024 to dominate the market and become an outstanding and worth experiencing blockchain for everyone.
(https://www.tradingview.com/x/AqA5Kk7l/)
Do you think this scaling solution will be successful this cycle? Does high speed warrant AVAX's price increase in this cycle? What price do you expect AVAX to achieve once this solution will be deployed and Avalanche will conquer 100K tps?
The chart you drew seems so fomo, at 300 USD or 800 USD, Avax can compete with both Sol and Bnb. I thought 100k tps wasn't necessary before, but the Inscription wave a few weeks ago that made the Avalanche gas fees were also more expensive, I understood that speed is never too much.
Ton blockchain has more than 100k tps but it's still frozen and broken, proving that it's just a test like Credits. For now, I can believe that Solana and Avalanche are fast because they have been tested and worked well last season. Compare to Solana, Avalanche is more stable.