- The CEO of Helius revealed that his firm is engaged on a brand new improve for Solana.
- SOL is up 268.02% since November 2023 and has surged 47% over the previous month.
- The brand new improve is predicted to extend Solana's TPS by 1,000 instances.
As Solana's native cryptocurrency SOL approaches its all-time excessive of $260.06, efforts to enhance the community's transactions per second (TPS) had been disclosed by Mert Mumtaz, CEO of Helius, a supplier infrastructure of Solana. Mumtaz mentioned the community's TPS might enhance 1,000 instances by a deliberate improve.
In a submit on X (previously Twitter), Mumtaz famous that his staff initially tried to maintain the event low-key, however the booming market led to this revelation. The Helius govt confirmed that his firm is creating a efficiency optimization system that ought to trigger the protocol's TPS to skyrocket. Solana at the moment helps 65,000 transactions per second.
The Helius staff elevated TPS by 1,000 instances throughout testing on the Solana testnet with out making important modifications to the blockchain core. Solana's roadmap lists “growing bandwidth” and “lowering latency” as key objectives. If profitable, the SOL native token might see its value enhance considerably.
Additionally Learn: Solana Liquid Staking Hits $5.67 Billion Market Cap, JitoSOL Leads the Means
Solana toppled BNB earlier this month and claimed the 4th place within the digital asset area with a market cap of $103 billion. In the meantime, BNB is ranked fifth with a valuation of $93 billion.
SOL’s current value surge
SOL has made regular positive factors since Bitcoin turned bullish following the election of pro-crypto candidate Donald Trump. Knowledge from CoinMarketCap exhibits that SOL rose 3.13% over the previous 24 hours, with buying and selling quantity growing 26.76% to $11.32 billion.
The token has surged 34.27% over the previous week, 47.26% over the previous 30 days, and 268.02% since November 2023. At present 15.48% beneath its all-time excessive of 260, $06 November 2021, SOL seems prone to hit a brand new all-time excessive. earlier than the tip of the yr.
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