Solana Sets New Record, Transaction Speed Reach 1,000 Per Second!

Bittime -  Solana again broke the record for transactions per second (TPS). This time, the network succeeded in recording the number of TPS which reached 1,000. This achievement is clear evidence of Solana's continuously improving performance and efficiency.

Not only that, this increase in performance also has a positive impact on the price of the Solana token (SOL), which shows a bullish trend.

Solana Beats Ethereum

Based on data shared by SolanaFloor, a Twitter account that monitors the development of the Solana ecosystem, this network is successfully processing more than 1,000 transactions per second. 

This figure is truly impressive when compared to other blockchains such as Ethereum which can only handle around 62 transactions per second.

This high speed is one of Solana's main advantages. However, does this mean that everything is running smoothly on this network?

Solana Daily Transactions Reach 47 Million

To see a clearer picture, we need to look at Solana's daily transaction data. It is true, the number of daily transactions increased last month, reaching 47.3 million. 

However, the number of daily active addresses did not show significant growth. Apart from that, income from transaction fees has also decreased in recent weeks.

Solana (SOL) Price Also Rises

Meanwhile, in the crypto market, Solana (SOL) price is showing a positive trend. In the last 24 hours, SOL price rose more than 4%. When this article was written, the price of SOL was at IDR 2.4 million (around $152.67). 

Meanwhile, its market capitalization reached more than IDR 1,147 trillion (around $71 billion), placing it as the fifth largest cryptocurrency.

However, will this price increase continue? On-chain data analysis shows mixed signals. Solana trading volume has decreased in the past week, while the price has actually increased. 

This could be a negative indicator. Apart from that, investor interest also appears to be stagnant based on open interest data. On the other hand, several technical indicators such as the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) show a positive trend. 

Cara Beli Solana (SOL) di Bittime

You can buy and sell Solana (SUN) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Solana (SUN) available on Bittime with market pair SOL/IDR. To be able to buy SUN IDR Of Bittime Make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Study Complete guide on how to buy Solana (SOL) on Bittime. 

Monitor graphic movement price Solana (SOL), Bitcoin (BTC), Ethereum (ETH) and other cryptos to find out today's crypto market trends in real-time on Bittime.