• Helius CEO revealed that his firm is working on a new upgrade for Solana.
• SOL is up 268.02% since November 2023 and has surged 47% in the past month.
• The new upgrade is expected to increase Solana’s TPS by 1,000 times.

As SOL, the native cryptocurrency of Solana, approaches its all-time high of $260.06, efforts to enhance the network’s transactions per second (TPS) have been disclosed by Mert Mumtaz, CEO of Helius, a Solana infrastructure provider. Mumtaz stated that the network’s TPS could increase 1,000x via a planned upgrade.

In a post on X (formerly Twitter), Mumtaz noted that his team initially tried to keep the development low-key, but the booming market led to the revelation. The Helius executive confirmed that his firm is developing a performance optimization system expected to send the protocol’s TPS skyrocketing. Solana currently supports 65,000 transactions per second.

The post Solana Nears $260 All-Time High as TPS Upgrade Promises 1,000x Boost appeared first on Coin Edition.

• Helius CEO revealed that his firm is working on a new upgrade for Solana.
• SOL is up 268.02% since November 2023 and has surged 47% in the past month.
• The new upgrade is expected to increase Solana’s TPS by 1,000 times.

As SOL, the native cryptocurrency of Solana, approaches its all-time high of $260.06, efforts to enhance the network’s transactions per second (TPS) have been disclosed by Mert Mumtaz, CEO of Helius, a Solana infrastructure provider. Mumtaz stated that the network’s TPS could increase 1,000x via a planned upgrade.

In a post on X (formerly Twitter), Mumtaz noted that his team initially tried to keep the development low-key, but the booming market led to the revelation. The Helius executive confirmed that his firm is developing a performance optimization system expected to send the protocol’s TPS skyrocketing. Solana currently supports 65,000 transactions per second.

The post Solana Nears $260 All-Time High as TPS Upgrade Promises 1,000x Boost appeared first on Coin Edition.