Solana Transaction V1 Upgrade Spurs SOL Price to Target $110

Solana has activated its Transaction V1 upgrade, increasing the network's maximum transaction size from 1,232 bytes to 4,096 bytes.

This change is expected to make Solana more flexible for developers building increasingly sophisticated applications.

The SOL price has been trading around $104 on September 9 after recently reaching a high of $109.65, putting it within striking distance of the psychological $110 mark.

To reach this target, traders will need to maintain momentum above the $103 to $104 region.