In a latest development, Solana has increased the number of transactions it can handle in each block by 20%. With this upgrade, the block limit on Solana has gone from 48 million to 60 million compute units.
Mert Mumtaz, the CEO of Helius, said on X that this change means Solana can now fit more transactions into each block. He explained that the higher limit should help lower fees, make things easier for developers, and improve how users experience the network.
He also said that every transaction on Solana uses “compute units” (CUs), depending on how complex it is. Back in January, some users had trouble making transactions because of heavy activity from memecoins. This included tokens launched by Donald Trump and Melania Trump.
There are also plans to increase capacity even more. A proposal shared on GitHub by Lucas Bruder, the CEO of Jito Labs, suggested raising the limit to 100 million CUs. He explained that the original limits were meant to ensure most people on the network could keep up. But now, the network can handle more. Mumtaz said the aim is to at least double the current limit in the future.
This change came concurrently with Solana’s price jump. On Monday, it rose 12% to over $202. Over the past week, the token went up by 11% and is now trading around $182–as per CoinMarketCap data.
Amid increasing corporate adoption of cryptocurrencies, various companies are also now buying and keeping a Solana (SOL). DeFi Development Corp is one of the firms which has nearly one million tokens. Another company, Bit Mining, is also in plans to raise $300 million to buy and store Solana for the future.
Although Solana is not the only blockchain network doing this. Last week, Ethereum also raised its block size. Its gas limit has gone up to nearly 45 million units. This was its first big increase since February, when it moved from 30 million to 36 million.
Also Read: Coinbase Co-founder Raises $100M for Brain-Tech Startup Nudge
