Solana Breaks 1,000 TPS: Everything You Must Know

Solana Breaks 1,000 TPS Barrier Again

Solana, known for its robust network activity, recently achieved a significant milestone as its true transactions per second exceeded 1,000, highlighting its efficiency and reliability.

Simultaneously, SOL’s price action turned bullish, reflecting growing market confidence.

Solana Dominates Ethereum in Network Speed

• Solana’s true transactions per second surpassed 1,000, compared to Ethereum’s 62 tx/s.
• It showcased superior real-time TPS performance over Ethereum.

Price Action and Market Performance

SOL’s price appreciated by over 3% in the last 24 hours, reaching $139.89 with a market capitalization exceeding $64 billion, securing its position as the fifth largest cryptocurrency.

Despite recent bullish momentum, SOL’s trading volume declined over the past week, indicating cautious market sentiment.

Technical Indicators and Market Outlook

• RSI and CMF indicators remained bullish, suggesting potential for further gains.
• MACD signals favored a bullish market stance.
• Investors anticipate SOL touching $147.4 in a bullish scenario, with potential downside to $133 in a bearish scenario.