Solana Breaks Through $200 as Network Speeds Set New Records

Solana price experienced a significant surge, breaking above the $200 mark to reach new all-time highs. This surge, fueled by record transaction speeds, has analysts optimistic for continued growth in the near term. 2,300 transactions per second were recorded on the Solana network during this period. 8% monthly gains have been observed and these increases are attributed to DeFi growth and rising institutional investments. Analysts highlight two key areas of support for the token: the current price level at around $200 and a technical chart pattern that shows potential for further gains.