- The CEO of Helius revealed that his firm is engaged on a brand new enchancment for Solano.
- SOL is up 268.02% since November 2023 and is up 47% within the final month.
- The brand new improve is predicted to extend Solana's TPS by 1000 occasions.
As SOL, Solana's native cryptocurrency, nears its all-time excessive of $260.06, Mert Mumtaz, CEO of Helius, Solana's infrastructure supplier, revealed efforts to extend the community's transactions per second (TPS). Mumtaz mentioned that the TPS of the community might enhance 1000x by way of the deliberate improve.
In a publish on X (previously Twitter), Mumtaz famous that his staff initially tried to maintain the event low-key, however the booming market led to the reveal. A Helius govt confirmed that his firm is growing a efficiency optimization system that’s anticipated to skyrocket the TPS protocol. Solana presently helps 65,000 transactions per second.
The Helius staff achieved a 1000x enhance in TPS throughout testing on the Solana testnet with out making important adjustments to the blockchain core. Solana's plan lists “rising bandwidth” and “decreasing latency” as key targets. If profitable, the SOL native token might see a considerable worth enhance.
Additionally Learn: Solana's Liquid Staking Surge to $5.67B, JitoSOL Leads the Method
Solana toppled BNB earlier this month to take the #4 digital asset spot with a market cap of a whopping $103 billion. In the meantime, BNB is ranked fifth with a valuation of USD 93 billion.
The latest enhance in SOL costs
SOL has been making constant features since Bitcoin turned bullish following the election of pro-crypto candidate Donald Trump. CoinMarketCap knowledge exhibits that SOL is up 3.13% within the final 24 hours, with buying and selling quantity up 26.76% to $11.32 billion.
The token is up 34.27% within the final week, 47.26% within the final 30 days and 268.02% since November 2023. At the moment 15.48% under its November 2021 document excessive of $260.06, SOL seems prone to hit a brand new all-time excessive. earlier than the tip of the yr.
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