Solana Activates Transaction V1 Upgrade Amid Selling Pressure

Solana has activated its Transaction V1 upgrade on mainnet, expanding the maximum transaction size from 1,232 to 4,096 bytes. This update will allow for more complex transactions and future privacy features.

The protocol change requires infrastructure providers to adapt their systems for compatibility with the new format. By increasing network capacity and supporting advanced functionality, the upgrade may improve Solana's appeal for developers and applications.

Solana is currently trading at $101.14, below its short- and medium-term moving averages but above its longer-term benchmark. Technical signals show strong selling pressure, with a predicted range of $99.4 to $102.88 over the next two to three days.