The Solana network has increased its Solana block capacity by 20%, raising the limit to 60 million compute units (CU) this week—with proposals in place to potentially double that figure before 2024 ends.
The upgrade comes as Ethereum also implements its own gas limit adjustments, signaling a broader race among blockchain platforms to enhance throughput and user experience.
The latest Solana block capacity increase—from 48 million to 60 million CUs—allows more transactions per block, reducing network strain during peak activity. Mert Mumtaz, CEO of Solana infrastructure firm Helius, confirmed the update on X (formerly Twitter), stating:
“Lower fees, better developer flexibility, and smoother user experiences are immediate benefits. This is a response to the bottlenecks we saw earlier this year.”
In January, Solana faced severe congestion as meme coin trading spiked, including during the launch of Trump-themed tokens. The Solana block capacity upgrade aims to prevent similar disruptions.
Proposal seeks 100M CU limit for Solana block capacity
A GitHub proposal by Lucas Bruder, CEO of Jito Labs, suggests pushing the Solana block capacity further to 100 million CUs. Bruder argues that current hardware advancements justify the leap:
“Original limits were conservative to ensure network sync. Today’s validators can handle far heavier loads without delays.”
Mumtaz supports the idea, noting that doubling the Solana block capacity is “achievable” by Q4 2024. If implemented, the change would position Solana as one of the highest-throughput Layer 1 blockchains.
Market reacts: SOL price surges as firms stockpile tokens
Solana’s native token, SOL, briefly crossed $200 this week amid the Solana block capacity news, though it settled at $191 at press time. Institutional interest is growing:
DeFi Development Corp now holds nearly 1 million SOL in its treasury.
Bit Mining announced a $300 million fundraising effort to build a Solana-focused treasury.
“Scalability upgrades directly impact investor confidence,” said Alex Thorn, head of research at Galaxy Digital. “Solana’s tech improvements are translating into market momentum.”
Ethereum follows suit with gas limit hike
While Solana block capacity dominates discussions, Ethereum quietly raised its gas limit to 45 million units—its first major adjustment since February. The parallel moves highlight intensifying competition for developers and users.
Key point:
Solana block capacity now at 60M CUs, up 20%.
Proposal to reach 100M CUs could finalize in 2024.
SOL price rallied 12% this week amid upgrades.
Ethereum’s gas limit rise mirrors scalability trends.
Jeremiah Musa lives and breathes storytelling. For over 12 years, he's chased breaking news, crafted hard-hitting features, and built content strategies that cut through the noise. These days, you'll find him leading the charge at The Bit Gazette, where he oversees a team of writers digging into the biggest stories in crypto.
Based in Dubai's fast-moving fintech scene, Jeremiah has a knack for translating complex blockchain concepts into sharp, engaging content. He's just as comfortable breaking down a Bitcoin whitepaper as he is explaining market moves to newcomers. Before diving into crypto, he cut his teeth in traditional financial journalism, covering everything from emerging markets to regulatory shakeups.
What keeps him up at night? Finding the human angle in every tech story. When he's not editing copy or prepping PR campaigns, he's probably arguing about the future of Web3 over karak chai or hunting down Dubai's best shawarma.