Solana
Why Solana is up 1.7% today
Analysis
Solana (SOL) rose 1.7% over the past 24 hours after news that the network reduced its mainnet slot time to 350 milliseconds, marking an initial step toward a 200ms target. The update, reported by The Block, likely supported sentiment by highlighting ongoing performance and throughput improvements for the Solana chain.
Contributing Factors (1)
Solana cuts mainnet slot time to 350 milliseconds in first step toward 200ms goal
The change should lead to faster transaction confirmations but is not designed to increase the overall throughput of the network.Â
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.