Solana Rises to First Place in Transaction Capacity

Solana has reclaimed the top spot in the latest ranking measuring transaction intensity on blockchain networks. According to Chainspect data, the network reached a capacity of 1,635 transactions per second. In second place is Internet Computer with 1,035 transactions per second, followed by BNB Chain in third place with 179 transactions. The data was shared on July 10. While Solana and Internet Computer stand out with high transaction volumes, BNB Chain and Aptos remained in the range of 170 to 180 transactions. TRON and Stellar were in the 130 to 150 transaction band. Chainspect is an analysis platform that monitors the technical performance of different blockchain networks. The latest data shows that Solana maintains its capacity to support a high number of transactions at a low cost. Market analyst Ali Charts indicates that a buy signal has formed for Solana. With the price rising above $78 on June 30, the SuperTrend indicator produced an upward signal. Between June 24 and July 3, approximately 1.5 million SOL were withdrawn from exchanges. This suggests that some investors prefer to move their assets to cold wallets. There is a strong supply zone for Solana in the range of $79 to $85. If a sustained movement above $85 is observed, levels of $100 and $127 may come into play. A drop below $74 could weaken the current bullish outlook.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.