Coinbase exchange has recently announced significant improvements to its Solana network infrastructure to enhance speed, resiliency, and scalability. The enhancements include asynchronously processing transactions, which has led to a five-fold increase in block processing throughput. Additionally, the introduction of bare metal machines has improved RPC performance by four times. These upgrades aim to boost performance numbers for Solana transactions on the exchange and provide better failover mechanisms, liquidity optimizations, and enhanced operating controls for increased system resilience.
The upgrades signify Coinbase’s commitment to enhancing its Solana features as the blockchain continues to attract more users. The exchange stated that these technology improvements will enable more effective and dependable processing of transactions for senders and receivers of SOL and Solana tokens. Coinbase emphasized that these efforts are part of their dedication to achieving the best performance for Solana transactions and they plan to continue investing in Solana infrastructure to keep up with the growing demand as the network expands.
Coinbase’s infrastructure upgrades come at a time when more institutional investors and developers are showing interest in Solana. The exchange has adapted its approach to managing Solana’s fast blockchain by processing transactions simultaneously, reflecting the increasing demand for efficient transaction processing. This announcement coincides with the potential approval of multiple spot Solana ETFs in Canada, indicating growing interest and adoption of Solana in the institutional investment space.
Analysts are noting positive price action for SOL as Coinbase improves its technical infrastructure for Solana. Analyst Andrew Griffiths identified several bullish technical indicators in his analysis of Solana’s price movements, including breaking out of a descending parallel channel and remaining above key support levels. Despite bearish trends in the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators on daily charts, they are gradually moving towards the positive axis. On the 4-hour time frame, both MACD and RSI are bullish, and price is above key moving averages, indicating positive momentum.
Institutional interest in SOL appears to be on the rise, with real estate firm Janover recently adding 80,567 SOL to its treasury, worth approximately $10.5 million. This acquisition brings Janover’s total Solana holdings to 163,651 SOL, signaling growing interest and investment in Solana among institutional players. As Solana continues to attract attention for its technological advancements and performance improvements, investors and analysts are closely monitoring the cryptocurrency’s price movements and institutional adoption, with bullish indicators signaling potential growth in the near future.
