Solana Upgrade Bolsters Network Capacity Amid Range-Bound Price

Solana has upgraded its mainnet capacity, increasing its per-block compute budget from 60 million to 100 million compute units. This upgrade boosts network capacity by about 66% without slowing block times.

The SOL price remains range-bound around $72, $74, pressured by macroeconomic factors like rising U.S. Treasury yields and a stronger dollar. Institutional profit-taking and liquidation events are also affecting the price.

On-chain activity is rising, with increased meme coin trading and daily active addresses nearing annual highs. This makes the upgrade timely for handling higher demand.