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<ul class="wp-block-list news-points">
 <li>Helius CEO revealed that his firm is working on a new upgrade for Solana.</li>
 <li>SOL is up 268.02% since November 2023 and has surged 47% in the past month.</li>
 <li>The new upgrade is expected to increase Solana’s TPS by 1,000 times.</li>
</ul>
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 <a href="https://x.com/0xmert_/status/1856127071547732045" target="_blank" rel="noopener noreferrer nofollow">post</a> 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.
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 the moment is here I've tried to keep quiet about this, but we've been working on a new system BTS for Solana that has shown promise in testnet to scale TPS by 1,000x (!), while not making any core breaking changes I'm excited to finally reveal it: <a href="https://t.co/daQdYzzJXJ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/daQdYzzJXJ</a> <a href="https://t.co/U5gObleisI" target="_blank" rel="noopener noreferrer nofollow">h…</a>
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The post <a href="https://coinedition.com/solana-nears-260-all-time-high-as-tps-upgrade-promises-1000x-boost/" rel="noopener noreferrer nofollow">Solana Nears $260 All-Time High as TPS Upgrade Promises 1,000x Boost</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Solana Nears $260 All-Time High as TPS Upgrade Promises 1,000x Boost

Coin Edition

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