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Ava Labs recently shared a sneak peek into its Vryx upgrade, which is about making the blockchain run smoother and faster.

Ava Labs has unveiled its ambitious scaling solution, Vryx, marking a significant stride towards achieving an astounding 100,000 transactions per second (TPS) on the Avalanche blockchain. This innovative approach, detailed in a recent research post, is not just a testament to Ava Labs' commitment to scalability but also a potential game-changer in the blockchain arena.

Ava Labs provided details about its scaling solution Vryx as part of plans to enable Avalanche to support 100,000 transactions per second.

Bitcoin price rallies to $42,000 on strong spot trading volumes. Will altcoins follow?

Meme cryptocurrency Dogecoin (DOGE) is currently experiencing short-term buying pressure, partly capitalizing on the overall market's attempt to exit the recent bearish scenario.

As the cryptocurrency market attempts to put behind the recent bearish sentiments, several projects are poised to yield profits on a modest investment. A prevailing consensus suggests that the crypto market, spearheaded by Bitcoin (BTC), will likely experience a rebound.

The Avalanche Foundation, a non-profit organization actively supporting the Avalanche community, has announced a $100 million support fund dedicated to facilitating the deployment of meme coins within the community. However, the organization has revealed strict guidelines and criteria that developers must adhere to before their meme coins would be considered eligible for support.

The Avalanche Foundation, a non-profit organization seeking to support the avalanche ecosystem, has announced the rules covering its already active meme coin purchasing program.

The Avalanche Foundation says it is funding select memecoins, non-fungible tokens (NFTs) and other similar crypto assets through its Culture Catalyst program. In 2022, the non-profit organization behind the layer-1 blockchain Avalanche (AVAX) launched the Culture Catalyst initiative to support community coins created for culture and engagement.

With Bitcoin taking a recoil action to come closer to the $40K mark following the fall earlier this week, the altcoins bounce back. With Avalanche's price under a pullback phase, the buyers are preparing a bullish break to reignite the uptrend.

The Avalanche Foundation has broadly categorized meme coins, NFTs, and similar tokens designed by the community for cultural expression and interaction as "community coins."

The Avalanche (CRYPTO: AVAX) foundation announced the eligibility criteria it has set for community coins, which it will consider supporting. The announcement triggered AVAX to move 4% higher.

GBTC outflows may have triggered a crypto market correction, but aggressive buying within the remaining nine spot Bitcoin ETFs could help to limit the duration of the downside move.

The Avalanche (AVAX) price has fallen by nearly 40% since its 2023 high of $50 on December 24.

The change of direction of the "Culture Catalyst" fund by Avalanche

After going back to the drawing board following post-spot Bitcoin ETF approval, investors seem to have weathered the sell-off and are now willing to bet on further price increases. With Bitcoin price rebounding above $40,000 from the dip to $38,540, attention is also spreading to the trending crypto to buy on Wednesday — the likes of Shiba Inu (INU) and Avalanche

The cryptocurrency market is currently navigating a challenging phase, with established tokens like Solana (SOL) and Avalanche (AVAX) facing significant downturns.

The AVAX meme coins are making noise in the industry at present, with their ongoing price rallies after the Solana meme coins. With the recent news, that is surfacing regarding the Avalanche Foundation's eligibility criteria to acquire meme coins for “culture and fun”, several Avalanche-based meme coins are trending in the market today.

The Avalanche Foundation created a $100 million fund partly for buying meme coins native to Avalanche

Avalanche Foundation updates surprising investment strategy, now exclusively supporting assets minted only on the Avalanche blockchain. As per a recent blog post, Avalanche Foundation has announced its exclusive support for meme coins minted solely on the Avalanche blockchain.

Several altcoins have produced impressive gains over the past 24 hours, led by SOL, AVAX, and DOT.

Shiba Inu, positioned as the second-largest meme coin trailing Dogecoin, faces massive crossroads with significant selloffs as it deals with an increasingly competitive arena. Despite recent support from the Robinhood trading platform, which bolstered its Shiba Inu holdings by an additional 140 billion SHIB, the token is experiencing a 6.

Avalanche-based memecoins seeking a share of the $100 million fund must be at least one month old, according to new criteria from the Avalanche Foundation. The foundation has expanded the fund's scope to include what it terms “community coins.

The Avalanche Foundation handed down its eligibility criteria for memecoins hoping to receive investment from its $100 million “Culture Catalyst” fund.