1,504 TPS and new partnerships

• Solana achieves 1,504 TPS, solving network congestion and improving transaction speeds.
• Argentina partners with Solana to launch ‘Forma’, boosting adoption of digital assets.

In a bid to close out the week with some notable non-technical advancements, Solana (SOL), a well-known layer-1 blockchain, has made major strides in its network development. The network has shown astonishing development in its transaction processing capacity, according to a SolanaFloor tweet.

See more

Solana Hits 1,504 TPS, Addresses Network Congestion Issues

Solana’s actual transactions per second (TPS) has surpassed 1,000, a truly astonishing 1,504 TPS. In terms of TPS, Solana is 46 times faster than Ethereum; this value does.

Solana has also addressed its network congestion issues; today, it often runs 2,700 TPS with transaction confirmation times under two seconds.

Our previous news reported on the launch of the “Forma” program in Argentina in August, in collaboration with Solana. This program aims to create a Solana economic zone within the country and increase the acceptance of digital assets.

This cooperation is likely to pave the way for greater blockchain integration in Argentina, highlighting Solana’s growing global impact.

Meanwhile, the CNF Underlines A few days ago, on June 10, $250 million worth of USDC was created on the Solana blockchain, providing new liquidity to drive market activity.

This follows Solana’s inclusion of Circle’s Cross-Chain Transfer Protocol (CCTP), demonstrating the network’s commitment to increasing interoperability and liquidity across the blockchain ecosystem.

Solana’s native currency, SOL, trades at around $145.27 At the time of writing, it has increased by 4.54% over the past 24 hours and by 3.99% over the past seven days. This upward trend shows growing confidence in Solana’s capability and future for further development.

These advancements highlight the superiority of Solana’s blockchain platform as it continues to innovate and improve its network.

Solana is able to attract additional users and partners through continued improvements in transaction speed, scalability, and liquidity, fueling its expansion and acceptance in the competitive blockchain market.

Recommended for you:

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente