Solana Price Prediction: Developers Propose 66% Block Expansion – Is SOL Gearing Up for Institutional-Scale Adoption?

Main Idea
A proposal to increase Solana's block capacity by 66% aims to enhance scalability, potentially boosting institutional adoption and SOL's price, while ecosystem projects like Snorter ($SNORT) show significant growth.
Key Points
1. The SIMD-0286 proposal plans to raise Solana’s per-block compute limit by 66%, addressing scalability to support institutional demand.
2. Solana’s previous block limit increase (SIMD-0256) helped sustain ~1,700 TPS during peak hours, but further expansion could align it with traditional exchanges like NASDAQ (10,000-20,000 TPS).
3. The CLARITY Act, expected around October, may resolve regulatory uncertainties, further supporting SOL’s institutional adoption.
4. Solana’s ecosystem projects, such as Snorter ($SNORT), are gaining traction with features like MEV-resistant swaps and staking rewards (173% APY), raising $2.4M in presale.
5. SOL’s price shows potential for a rebound, with support at $176 (Fibonacci retracement) and resistance levels indicating a possible 64% breakout to $300.
Description
A new proposal to boost Solana’s block capacity by 66% could be a game-changer, setting the stage for institutional-scale adoption and reinforcing a bullish long-term Solana price outlook . While altseason sentiment is driving capital into riskier assets, Solana’s current momentum stands out as it continues to surge on the back of strong retail demand. That could change with the October 10 deadline for a potential spot SOL ETF, which could open the gates to greater TradFi demand on top of the re...
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