Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Everything You Need to Know About Solana Breaking the 1,000 TPS Barrier Again
ALTCOIN NEWS

Everything You Need to Know About Solana Breaking the 1,000 TPS Barrier Again

By Crypto FlexsJuly 14, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Everything You Need to Know About Solana Breaking the 1,000 TPS Barrier Again
Share
Facebook Twitter LinkedIn Pinterest Email
  • Solana dominates Ethereum in terms of network speed.
  • The price of SOL has risen by more than 3% in the last 24 hours.

Solana (SUN) It has gained popularity over the years due to its strong network activity. Blockchain is back in the news today as one of its key indicators has reached a milestone, clearly highlighting the reliability and efficiency of blockchain.

And while that was happening, the price action of the said altcoin also turned bullish on the charts.

Solana moves faster than others

SolanaFloor, a popular X handle that shares updates related to the blockchain ecosystem, recently posted: Twitter Highlighting this new development, Solana’s actual transactions per second have surpassed 1,000, reaching 1,005, according to the same report.

This clearly reflects the effectiveness and speed of blockchain. To look at this more specifically, AMBCrypto looked at SOL. Ethereum (ETH) Statistics. Meanwhile, SOL’s highest recorded TPS was over 7k, while ETH’s reached 62 tx/s. Likewise, SOL also dominated ETH in terms of real-time TPS.

Source: Chainspect

AMBCrypto took a look at Artemis. data To better understand the network activity of the blockchain, our analysis shows that Solana’s daily transactions have gained some momentum in the past month.

At the time of writing, this figure was 47.3 million. However, despite the increase in transactions, the number of daily active addresses on the blockchain has not increased significantly in the past month. In terms of captured value, things are not looking good either. This is because fees and revenues have been decreasing over the past few weeks.

Solana's daily trading volume has increased.Solana's daily trading volume has increased.

Source: Artemis

Bullish turn on the chart

Meanwhile, Solana’s bulls have been showing their prowess by painting SOL’s daily and weekly charts in green.

According to CoinMarketCapSOL has risen by over 3% in just 24 hours. At the time of writing, Solana is trading at $139.89 and has a market cap of over $64 billion, making it the 5th largest cryptocurrency.

We then checked SOL’s on-chain data to see if the newfound bullish momentum would continue. SOL’s volume has been down over the past week while its price has been up. This is generally perceived as a bearish signal. Open interest has also moved sideways, indicating a few days of slow movement.

It is also surprising that the weighted sentiment for SOL has declined, as it shows that bearish sentiment is dominant across the cryptocurrency markets.

Solana's volume has been reducedSolana's volume has been reduced

Source: Santiment

Despite this, most technical indicators remained bullish on the chart.

For example, both the RSI (Relative Strength Index) and the CMF (Chaikin Money Flow) have been in an uptrend. The MACD has shown a clear bullish edge in the market, highlighting the high possibility that SOL will rise again.

Source: TradingView


Is your portfolio green? Check this out: SOL Profit Calculator


If the uptrend continues, investors could see SOL reach $147.4 in the coming days, as liquidations will likely increase at that level.

However, if a bearish takeover occurs, SOL could fall to $133 in the coming days.

Source: Hyblock Capital

Next: We examine the 50% chance that XRP will rally to retest March levels.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Analysts predict a breakout rally for Dogecoin (DOGE) and the two Solana-based Memecoins. Here are his predictions:

April 2, 2024

Ethereum developers deploy Dencun upgrade on Holesky testnet.

February 7, 2024

CryptoGames Leads $150 Billion Online Gambling Market

July 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.