Solana Transactions Triple in Size, Nearing Ethereum

Solana's programmable blockchain has received an upgrade that significantly increases the amount of data that can fit inside a transaction. The network's new Transaction V1 format, which went live on Tuesday at approximately 01:00 UTC, raises the maximum amount of data a single transaction can carry to 4,096 bytes from 1,232 bytes.

This upgrade aims to address a major structural bottleneck and help the network narrow the gap with rival platforms like Ethereum. While Solana has always offered superior speed and lower costs than Ethereum, its transactions were previously throttled by a strict 1,232-byte hard cap.