Solana’s Scalability Leap: Coinbase Announces Major Throughput Upgrade Amid ETF Buzz

Coinbase has unveiled a significant 5X upgrade to Solana’s transaction throughput, introducing fail-safes to bolster system resilience. This enhancement arrives as Solana experiences surging activity, with transaction volumes recently spiking to 10 times normal levels, causing delays in deposits and withdrawals earlier this year. The upgrade aims to accommodate growing demand as SOL continues its strong performance in April.

Coinbase Upgrades Solana Handling Amid ETF Momentum

Coinbase has announced a 5X upgrade for Solana’s throughput, including fail-safes to improve system resilience. This comes after a period of heavy transaction congestion where Solana transaction volume was 10X the norm, exposing system limitations. The upgrade aims to handle rising Solana activity with fewer delays. In January, users faced delays in deposits and withdrawals due to the high transaction volume.

SOL Dominates April with Record Outcomes and Major Updates

Solana (SOL) reached a new monthly high of $136, up 6% in a single day, overtaking other major coins. The launch of Canada’s first Solana staking ETFs boosted demand and network activity. Additionally, Coinbase rolled out major infrastructure upgrades, making Solana 5 times faster for transactions and 4 times better in RPC performance. SOL now dominates 70.4% of all app performance in the crypto market, far ahead of Ethereum and BNB. Latency issues from earlier this year have been fixed, making the network more reliable for users and builders.

Solana Price Prediction 2025: Potential Golden Cross to Push SOL Price to $200?

Solana ranked number 1 among all blockchains by DEX trading volume in Q1, capturing 39.6% of the market and 52% in January alone. However, the network has seen a drop in revenues and activity since then. Despite the institutional interest in Solana rising substantially, it’s unclear if a shift towards utility and stablecoins has deprived the SOL price of another bull run. By mid-March, daily DEX volume had fallen below a billion but recovered above $2.5 billion, nearly matching Ethereum.

VRP Coin Makes Waves: The VR Giant Enters Crypto Space

VRP, the leading virtual reality online content platform, has launched its own cryptocurrency, $VRP Coin, on the Solana blockchain. Dominating the VR entertainment space for over ten years, VRP bills its coin as the only VR entertainment coin in the world. The company chose Solana for its reputation of security, speed, and low transaction costs, addressing persistent issues in the industry such as high fees and sluggish processing.