Solana (SOL) is experiencing a notable surge, with the token currently trading at $184.38, reflecting an intraday gain of 4.2% and a weekly increase of 3.5% [1]. This growth coincides with the Solana mainnet surpassing 100,000 transactions per second (TPS) during recent weekend testing, reinforcing its position as one of the most scalable high-performance Layer 1 blockchains [2]. The network’s hybrid consensus mechanism—combining Proof-of-History (PoH) with Proof-of-Stake (PoS)—continues to deliver ultra-low latency, low fees, and high throughput, which are essential for hosting real-time decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming applications at scale [3].
One of the most significant indicators of Solana’s growing importance in the blockchain ecosystem is the rapid issuance of USDC stablecoins on its network. Over $1.25 billion in USDC was minted on Solana in just seven days, bringing the…
