Solana (SOL): Breaking the 1,000 TPS Barrier Again
Solana (SOL) has once again demonstrated its robust network capabilities by surpassing 1,000 true transactions per second (TPS), coinciding with a bullish price action.
Solana’s Network Milestone
Known for its efficiency and reliability, Solana has achieved a significant milestone in its network activity. Recently, SolanaFloor, a prominent source for blockchain updates, reported that Solana’s TPS surpassed 1,000, hitting 1005.
- Solana’s maximum recorded TPS exceeds 7,000, far surpassing Ethereum’s (ETH) 62 tx/s.
- Recent data from Artemis shows Solana’s daily transactions gaining momentum, reaching 47.3 million at press time.
- However, daily active addresses on the network saw minimal growth recently.
Bullish Market Performance
Despite fluctuations in transaction volume and market sentiment, Solana’s market performance has shown bullish signs:
- SOL’s price increased by over 3% in the last 24 hours, trading at $139.89.
- Market capitalization stands at over $64 billion, positioning SOL as the fifth largest cryptocurrency.
- Technical indicators such as RSI, CMF, and MACD suggest continued bullish momentum.
If the current bullish trend persists, SOL could potentially reach $147.4, although a bearish scenario could see it drop to $133.
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