Solana's current price is $244.38, with a 1.9% increase in the last 24 hours. Here are some key updates ¹:
- *Market Performance*: Solana's price has surged, reaching a 7-month high of $222.42 recently, and its total value locked (TVL) hit an all-time high of $12.31 billion.
- *Institutional Investment*: Galaxy Digital acquired $1.2 billion in Solana (SOL), diversifying investments across Binance, Coinbase, and Kraken.
- *Network Upgrades*: Solana's codebase shows maintenance updates and major scalability upgrades, including:
- *RPC Migration*: Backward-compatible shift to Agave v2 standards.
- *Block Capacity Boost*: Compute Units raised 25% to 60M per block, reducing congestion and failed transactions.
- *Alpenglow Consensus*: Targets 150ms finality vs. current 12 seconds, expected to enhance scalability and attract institutional traders.
- *Upcoming Developments*: Solana's roadmap focuses on scaling, speed, and financial infrastructure, including:
- *DoubleZero Network Launch*: A peer-to-peer fiber network to reduce latency and jitter.
- *Firedancer Validator Client*: Aims for 1M+ TPS capacity through optimized networking and runtime components.
- *Internet Capital Markets Vision*: Targets blockchain-based financial markets via Application-Controlled Execution (ACE).
- *Regulatory Updates*: The SEC has delayed the Solana ETF decision to November 14, 2025, amid 90+ pending crypto ETF applications ².
