Daily News 19

Tag: SOL token

  • Solana V1 Upgrade Expands Transaction Size 3.3x: What It Means for SOL

    Solana V1 Upgrade Expands Transaction Size 3.3x: What It Means for SOL

    Solana V1 Upgrade Expands Transaction Capacity 3.3x, Fueling Record On-Chain Activity

    High transaction throughput remains a leading indicator of blockchain network strength, and Solana is demonstrating significant momentum following its V1 upgrade. The protocol enhancement increases maximum transaction size from 1,232 bytes to 4,096 bytes — a 3.3x expansion that effectively gives each transaction substantially more data capacity.

    Transaction Volume Reaches Historic Levels

    To visualize the change, consider a transaction as a data container with limited space. The previous 1,232-byte limit constrained complex operations, while the new 4,096-byte ceiling accommodates significantly larger payloads. This upgrade arrives as Solana enters the final quarter with exceptional on-chain activity, positioning 2026 for potential record-breaking performance.

    According to data from Blockworks, non-vote transactions surpassed 10 billion in Q1, reaching an all-time high before settling near 9.7 billion in Q2. This translates to an average of nearly 10 billion quarterly transactions excluding governance votes — a baseline that the V1 upgrade now amplifies by enabling each transaction to carry 3.3x more data.

    Technical Implications for Complex Applications

    The Solana Foundation highlights that this expanded capacity is particularly critical for zero-knowledge proof (ZKP) verification, large multisignature transactions, and other compute-intensive operations. Previously, these activities required splitting logic across multiple transactions; they can now execute atomically within a single transaction. This reduction in complexity lowers barriers for developers and could onboard a new wave of users and applications.

    Financial Metrics Show Accelerating Growth

    Solana’s economic diversification across memecoins, decentralized exchanges (DEXs), and derivatives platforms provides a broad revenue base. The V1 upgrade arrives as on-chain economy revenue across these segments reached $327 million in Q3, up from $265 million in Q2 — a 23.4% quarter-over-quarter increase, per DeFiLlama data.

    While the upgrade doesn’t guarantee higher revenue automatically, the additional transaction capacity creates headroom for sustained growth across DeFi, stablecoins, DEXs, and derivatives. If current activity trends continue, increased fee generation could strengthen network revenue and, by extension, the $SOL token’s fundamental valuation.

    Key Takeaways

    • 3.3x transaction data increase: V1 upgrade raises max transaction size from 1,232 to 4,096 bytes.
    • Record transaction volume: ~10 billion non-vote transactions per quarter (Q1: 10B+, Q2: 9.7B).
    • Revenue accelerating: Q3 on-chain economy revenue hit $327M, up 23.4% from Q2’s $265M.
    • New application scope: Atomic execution for ZKPs, large multisigs, and complex DeFi logic.
    • Economic catalyst: Expanded capacity supports fee growth across diversified crypto verticals.

    The true test ahead is whether this technical capacity translates into sustained economic value capture for the Solana ecosystem and its native token.

  • Whale 7GP6Bz Buys 11,487 SOL, Sparking Interest in Solana

    Whale 7GP6Bz Buys 11,487 SOL, Sparking Interest in Solana

    Solana Whale Accumulates 11,487 SOL Worth $1.14 Million, Signaling Bullish Sentiment

    A major Solana whale identified as 7GP6Bz has purchased 11,487 SOL tokens valued at approximately $1.14 million, according to on-chain data highlighted by crypto analyst @lookonchain. The transaction has drawn immediate market attention, underscoring growing confidence in Solana’s ecosystem despite mixed broader crypto market signals.

    Whale Activity Points to Institutional-Grade Conviction

    The acquisition occurred against a backdrop of divergent market trends, where certain assets face selling pressure while others—like Solana—attract significant whale interest. Large-scale purchases by deep-pocketed entities often precede notable price movements, as they reduce circulating supply and signal long-term holding intent.

    Solana’s high-performance blockchain, designed for decentralized applications and scalable crypto projects, continues to position itself as a foundational layer for Web3 development. This latest accumulation reinforces the narrative that sophisticated investors are betting on Solana’s technical roadmap and ecosystem expansion.

    Key Metrics at a Glance

    • Buyer: Whale address 7GP6Bz
    • Asset Acquired: 11,487 SOL
    • Total Value: ~$1.14 million
    • Source: @lookonchain on-chain monitoring

    Market Implications and Levels to Watch

    Traders and analysts are now monitoring Solana’s price action closely for follow-through momentum. Whale-driven demand can catalyze short-term rallies, especially if retail participation increases in response. Key technical levels and on-chain metrics—such as exchange inflows, staking rates, and active addresses—will provide further clues on whether this accumulation marks a local bottom or the start of a sustained uptrend.

    As with all on-chain signals, context matters. While whale buying is a bullish indicator, broader macroeconomic factors, regulatory developments, and Bitcoin’s price trajectory will continue to influence Solana’s near-term direction.

  • Bitwise Acquires $107 Million in Solana Over 20 Days

    Bitwise Acquires $107 Million in Solana Over 20 Days

    Bitwise Accumulates $107.4 Million in SOL as Solana ETF Inflows Persist

    Leading asset management firm Bitwise has significantly increased its Solana position, acquiring $107.4 million worth of SOL tokens despite sluggish momentum in the broader Solana ETF market. The substantial purchase, identified through on-chain analytics platform Arkham Intelligence, coincides with a month of consistent capital inflows into the firm’s Solana investment product.

    Institutional Investors Leverage Price Weakness

    Amid ongoing volatility across the cryptocurrency market, institutional investors appear to be treating the recent decline in Solana’s price as a strategic entry point. The data reveals that Bitwise executed the large-scale accumulation after its Solana ETF recorded steady, modest inflows across 20 consecutive trading sessions. During this period, only two sessions registered outflows, indicating sustained positive demand for the fund on the vast majority of trading days.

    Holdings Approach $1 Billion Milestone

    This latest acquisition has propelled Bitwise’s total Solana holdings toward a historic threshold. As of Thursday, September 10, the firm holds over 9,030,000 SOL. Based on a current market price of approximately $101 per token, the portfolio is valued at roughly $918 million. At the current accumulation rate, Bitwise is on track to surpass $1 billion in Solana assets under management in the near term, underscoring growing institutional conviction in the Solana ecosystem.

  • Solana Breaks $100: Why the Real Rally Is Just Beginning

    Solana Breaks $100: Why the Real Rally Is Just Beginning

    Solana has decisively broken above the $100 psychological barrier, extending its strongest monthly advance in years as institutional access, exchange-traded fund activity, and evolving tokenomics converge around $SOL. The breakout follows months of resistance below the key level, putting the $110–$120 region firmly back on traders’ radar. With Charles Schwab preparing to expand Solana access and the network moving toward a tighter issuance framework, the latest rally is developing into more than a technical rebound.

    Schwab’s $SOL Expansion Broadens Institutional Access

    The move coincides with Charles Schwab’s decision to add Solana, Avalanche, and Chainlink to Schwab Crypto in the coming months. The brokerage began rolling out direct Bitcoin and Ethereum trading in May, and the planned $SOL addition expands its digital-asset offering to three of the largest cryptocurrencies outside BTC and ETH. Schwab oversees more than $12 trillion in client assets and serves about 39 million active brokerage accounts.

    The significance lies in the distribution channel: Solana is moving closer to investors who already operate within a traditional brokerage environment rather than requiring them to use a crypto-native exchange. ETF activity is providing a separate indication of institutional demand. U.S. Solana-linked products have recorded sustained inflows, while Bitwise’s BSOL staking ETF posted a record $126 million in daily trading volume on August 27, taking seven-day turnover to about $500 million.

    🔥BULLISH: Solana is EXPLODING, surging 13% today and about 50% in August for its strongest month since 2024.The rally comes as Solana votes on cutting issuance and burning more $SOL, potentially triggering a supply squeeze.Notably, Nasdaq-listed DeFi Development Corp. bought… https://t.co/fRjAD9l3CP pic.twitter.com/b4EggMjEMl
    — Coin Bureau (@coinbureau) August 27, 2026

    Solana’s Supply Curve Becomes Part of the Investment Case

    Demand-side developments are being matched by a potentially important change to $SOL’s future supply. Solana validators have been voting on SGP-0002 and SGP-0003, proposals that would accelerate disinflation and increase the amount of transaction-related fees permanently removed from circulation.

    SGP-0002 would increase the annual disinflation rate from 15% to 30%, bringing Solana toward its 1.5% terminal inflation rate considerably faster and reducing projected issuance by about 18.9 million $SOL over six years. SGP-0003 would introduce a resource-based fee that is burned, with estimates suggesting daily $SOL burns could rise from roughly 600–800 to around 7,500–9,000 $SOL under current activity levels.

    $SOL Price Analysis: Can Buyers Defend $100?

    Solana’s chart structure has improved substantially after $SOL cleared the $100 psychological barrier. The token had previously broken above the $78–$79 resistance zone and subsequently established a higher base around $92–$97 before making the latest move through $100. That sequence matters because it shows buyers defending higher levels rather than relying on a single vertical move.

    Immediate resistance now sits around $105–$110. A sustained daily close above this area would strengthen the breakout and expose the $115–$120 region, with the broader $125–$130 supply zone becoming relevant if momentum continues. At the same time, $SOL’s rapid rally has pushed momentum indicators into elevated territory. The daily RSI is around the overbought zone, while the recent run of positive sessions leaves the market vulnerable to profit-taking. A pullback toward $100–$105 would not necessarily damage the bullish setup if buyers defend the former resistance as support. A sustained move back below $100, however, would weaken the breakout and bring the mid-$90s back into focus.

    Final Outlook

    $SOL’s move above $100 has changed the immediate technical structure, but the more important development is the convergence of institutional access, ETF demand, and a potential reduction in future supply growth. Schwab’s planned listing expands the potential buyer base, while the governance proposals could make the token’s issuance profile more conservative if implemented.

    The $100–$105 zone is the key support level and $110–$120 is the next upside test. Holding the breakout would keep the broader recovery intact, while a failure to defend $100 would suggest that the market needs to consolidate after the recent acceleration. Solana has cleared the level that held back the recovery for months; the next phase will depend on whether $100 becomes a durable floor rather than another temporary breakout.