Solana Price Surges on Transaction V1 Upgrade
Solana's price has been boosted by its recent Transaction V1 upgrade, which allows for more advanced privacy and DeFi applications. The asset is trading at $100.21, up 2.53% on the day, and is positioned above its key moving averages. This bullish setup suggests that Solana may continue to rise in the near term.
The Transaction V1 upgrade, which was activated on September 15, has expanded Solana's maximum transaction size to 4,096 bytes. This technical leap will amplify utility for developers and platforms, fueling on-chain activity and supporting stronger overall demand for SOL.
Solana's acceptance as collateral for margin trading on PhoenixTrade is also a key factor contributing to its recent price increase. Additionally, the network has sustained nearly 30 months of uninterrupted operation since February 2024, despite an infrastructure issue in August 2026.