{"id":115783,"date":"2025-09-03T13:50:08","date_gmt":"2025-09-03T13:50:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/115783\/"},"modified":"2025-09-03T13:50:08","modified_gmt":"2025-09-03T13:50:08","slug":"solana-outperforms-rivals-heres-why-218-could-be-next","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/115783\/","title":{"rendered":"Solana outperforms rivals! – Here’s why $218 could be next"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways<\/p>\n

Solana approved Alpenglow with 98% support, cutting finality to 150ms. SOL rallied, demand surged but whale profit-taking raised short-term doubts.<\/p>\n

In a major development, the Solana community voted overwhelmingly in favor of the Alpenglow consensus upgrade.<\/p>\n

According to Solana Status<\/a>, 98.27% of total Solana [SOL]<\/a> stakers that participated in the voting approved the proposed upgrade. <\/p>\n

A total of 52% of the network\u2019s stakers participated in the recent vote, with only 1.05% voting against and 0.36% abstaining, indicating strong community support.<\/p>\n

The Alpenglow upgrade marks a major milestone for the network, introducing a new consensus protocol designed to enhance both efficiency and transaction finality.<\/p>\n

At the heart of Alpenglow are two new components \u2013\u00a0 Votor and Rotor, which will replace Proof-of-History and TowerBFT. Votor will slash transaction finality from more than 12 seconds to about 150 milliseconds.<\/p>\n

Additionally, Rotor will minimize data transfers between validators, boosting overall throughput<\/p>\n

SOL outperforms rivals<\/p>\n

Interestingly, following the proposal approval, Solana recorded significant gains on its price charts, outperforming other altcoins.\u00a0<\/p>\n

For instance, SOL rose from $196 to $211, a 7.65% daily gain at press time. At the same time, Ethereum [ETH]<\/a> dropped 1.9% from $4,400 to $4,320, while Binance Coin [BNB]<\/a> slipped 0.26%.<\/p>\n

Tron [TRX]<\/a> also fell 0.64% to $0.33, while Ripple [XRP]<\/a> was the only rival posting gains, up 0.53% at the time of writing.<\/p>\n

This uptick reflected the positive sentiment across Solana market participants after the governance win.<\/p>\n

Network demand rebounded<\/p>\n

Notably, the Solana network saw substantial demand, with usage and adoption rates rising significantly.\u00a0<\/p>\n

According to Artemis, the number of New Active Users bounced from 3 million to 4.9 million, while Returning Users climbed from 2.1 million to 3.2 million at press time.<\/p>\n

\"Solana<\/a><\/p>\n

Source: Artemis<\/p>\n

Simultaneously, the number of transactions increased slightly, rising from 62.16 million to 63.5 million, further validating the rise in on-chain activity.\u00a0<\/p>\n

\"Sol<\/a><\/p>\n

Source: DefiLlama<\/p>\n

Profit-taking capped the rally<\/p>\n

Unsurprisingly, as Solana jumped to $211, holders, especially whales, cashed out to reinvest in other altcoins.\u00a0<\/p>\n

According to Lookonchain<\/a>, a whale sold 15,555 SOL for $3.24 million and rotated into Hyperliquid [HYPE]<\/a>.<\/p>\n

On top of that, Spot Netflow surged to $112.5 million before easing back to $21.3 million at press time, highlighting heavy selling pressure.<\/p>\n

\"Solana<\/a><\/p>\n

Source: CoinGlass<\/p>\n

When whales dump into strength, it often signals a lack of long-term conviction and a preference to diversify into alternatives.<\/p>\n

What\u2019s next for SOL?<\/p>\n

According to AMBCrypto\u2019s analysis, Solana surged in response to rising demand following the approval of the Alpenglow upgrade.\u00a0<\/p>\n

However, the altcoin later retraced as some holders took advantage of the price increase to lock in profits.<\/p>\n

If demand continues to build, SOL could attempt to break through the $218 resistance level. On the other hand, persistent selling pressure may trigger a pullback toward $197.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: $1.5 mln in Web3 bets over Trump\u2019s death: \u2018Kind of crazy,\u2019 says much-alive Prez<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Solana approved Alpenglow with 98% support, cutting finality to 150ms. SOL rallied, demand surged but whale…\n","protected":false},"author":2,"featured_media":115784,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1095,64,63,99],"class_list":{"0":"post-115783","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-au","10":"tag-australia","11":"tag-business"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/115783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=115783"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/115783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/115784"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=115783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=115783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=115783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}