Solana Price Under Pressure Despite Network Upgrade

Solana's network upgrade to Transaction V1 has been completed on September 15, significantly increasing the maximum transaction size from 1,232 bytes to 4,096 bytes.

This upgrade enables developers to build more complex applications and supports privacy-focused features like zero-knowledge proofs and multisignature arrangements involving multiple participants.

However, despite this technical improvement, Solana's price has not seen an immediate positive reaction. The cryptocurrency is trading below its short-term moving averages and faces further downside risk.