Solano can process 50,000 transactions per second. The confirmation time is very low and the average fee for processing the transactions is negligible. This makes Solano a scalable, high speed and low cost blockchain network.
Solano leverages Proof-of-History and several other breakthrough innovations to allow the network to scale at Moore’s Law. Even with billions of users, the cost for transfers is very low ($0.00001 per transaction). Solana’s single global state ensures composability between projects.
Statistics
The average time for confirmation of transactions on Solano is 0.89 seconds. Till date, over 12 billion transactions have been processed on Solano. The block time is 3068ms and it has 658 global validators.
Let us analyze SOL price.
SOL/USD – Price Prediction
SOL broke out of the resistance at $9.88 and has been extremely bullish since then. It is currently revisiting the support zone at $13.36. If it can hold this support and bounce from here, we could start seeing a move towards $16.39, $18.31, $21.42, $26.44, $34.57 and $42.70. Failure to hold the support at $13.36 could lead to a drop towards $11.63 and $9.88.
SOL is currently trading at $14.07 and has a market cap of $3,706,151,546. Its 24 hour volume was $462,407,703.
