Solana Upgrades On-Chain Capacity as ChainSpin Presale Hits Milestones

Solana is gearing up for another major network upgrade with Transaction V1, set to increase the maximum transaction size from 1,232 bytes to 4,096 bytes. This expansion will give developers more room for complex atomic transactions, multisigs, and data-heavy activity.

The new format also changes how Account Lookup Tables are handled, but existing legacy and V0 transactions will continue working.

Meanwhile, ChainSpin's presale is making waves with over $170,000 raised, roughly one-third of Stage 1 sold, and the opening price approaching its first increase. The project's consumer product, a live crypto cas.ino, is already operational with thousands of games alongside an active sportsbook covering pre-match and in-play markets.

ChainSpin has also undergone a SolidProof review, which lists it as Contract Audited and KYC compliant. The project plans to use a portion of weekly generated platform revenue to buy $SPIN from the open market after listing and permanently burn 60% of repurchased tokens.