Solana ranked first again in the latest ranking measuring transaction density in blockchain networks. According to Chainspect data, the network reached a capacity of 1,635 transactions per second. Internet Computer ranked second with 1,035 transactions per second, while BNB Chain ranked third with 179 transactions per second. The data was shared on July 10.
There was a significant difference in processing capacity
There was a striking difference between the first two networks in the ranking and the remaining blockchains. While Solana and Internet Computer stood out with high transaction volume, BNB Chain and Aptos remained in the range of approximately 170 to 180 transactions. TRON and Stellar, on the other hand, were in the 130 to 150 transaction band due to the impact of stablecoin transfers and cross-border payments. Performance below 100 transactions per second was observed on the Base, Polygon, Fogo and Keeta Testnet side.
Chainspect is known as an analytics platform that tracks the technical performance and usage data of different blockchain networks. Recent data indicated that Solana maintains its capacity to support a high number of transactions in a short time at low cost. This structure is shown among the factors that support developers and users to stay on the network.
| Network | transactions per second |
|---|---|
| solana | 1,635 |
| Internet Computer | 1,035 |
| BNB Chain | 179 |
| Aptos | between 170 and 180 |
Technical signals and on-chain data monitored
Market analyst Ali Charts states that there is a buy signal for Solana. According to the analyst, the SuperTrend indicator generated an upward signal when the price rose above $78 on June 30. This outlook is evaluated together with the activity in on-chain data.
Ali Charts predicts that if Solana exceeds $85, the next levels may be $100 and $127, and if it falls below $74, the upward structure may be disrupted.
Approximately 1.5 million SOLs were withdrawn from exchanges between June 24 and July 3. This move indicates that some investors are choosing to move their assets to cold wallets rather than selling them. In the same period, the number of addresses on the network increased by 1.6 million in three weeks was among the data showing that participation was strengthened.
Resistance zone stands out in price outlook
On the other hand, Solana has an important supply area ahead of it. According to UTXO Realized Price Distribution data, there is a strong accumulation area between 79 and 85 dollars. The fact that approximately 105 million SOL has previously passed through this region causes the range in question to be viewed as resistance.
Mini dictionary: UTXO Realized Price Distribution is a distribution model that aims to show in which price zones the tokens in circulation moved last time. It is used to evaluate support and resistance levels as it reveals areas where investor costs are concentrated.
Analysts evaluate that if there is a permanent movement above $85, the $100 and $127 levels may come to the fore. On the other hand, a fall below $74 could weaken the current bullish view. In such a scenario, there is a risk of a deeper pullback to $53.
Chainspect data revealed that Solana and Internet Computer differ significantly from other networks in transaction capacity.
