Coinbase Has Implemented Crucial Enhancements to Its Solana Network Infrastructure

Coinbase has implemented crucial enhancements to its Solana network infrastructure to improve its speed, resilience, and scalability. The crypto exchange has introduced several technological refinements into Solana as part of its efforts to increase transaction processing capabilities.

Coinbase has implemented crucial enhancements to its Solana network infrastructure, aiming to improve its speed, resilience, and scalability in response to rising demand from developers and institutional investors. These upgrades are focused on boosting transaction processing capabilities and overall system stability.

One of the upgrades introduces asynchronous transaction processing, which has improved block processing throughput fivefold. This adjustment was necessary as the exchange still handles a high volume of Solana transactions.

To improve the performance of remote procedure calls (RPC), the company has also deployed bare metal servers, providing a fourfold improvement. Moreover, the company has also deployed bare metal servers to boost the performance of remote procedure calls (RPC), improving it by 4x. These updates aim to make Solana transactions faster and more reliable, attempting to address previous delays.

In addition to the technical improvements, the crypto exchange has added stronger failover mechanisms, improved liquidity and bolstered operational controls that will strengthen the overall system’s resilience.

We’ve been hard at work scaling our @Solana infrastructure to be faster, more resilient, and more scalable.

We have upgraded our systems to:→ Process transactions asynchronously, leading to a 5x improvement in block processing throughput.→ Leverage bare metal machines for 4x…

— Coinbase (@coinbase) August 2, 2023

As the Solana ecosystem grows, Coinbase’s strategy of infrastructure upgrades, brought along with these, is intended to meet this growing demand for Solana. The exchange has emphasized that these improvements are only just the beginning, promising to continue investing in Solana infrastructure to support the network’s future growth. According to Coinbase, it intends to ensure that the network activity and stability of Solana increase with more interactions from users and institutions.

Coinbase’s Solana updates have emerged as the Canadian market launches Solana ETFs that feature staking capabilities. The recent launch signifies the rising institutional focus on this token following the success of Bitcoin and Ethereum ETFs. The upgrades Coinbase implements for Solana support will improve user experiences, specifically for traders trading SOL tokens and other Solana-based tokens.

Solana’s Bullish Momentum and Institutional Interest

Solana recorded a positive price increase following Coinbase infrastructure upgrades. Analysts suggest Solana is heading towards increased value. The cryptocurrency recently broke out of a descending parallel channel, which indicates a promising upward price movement.

Solana’s token value surged 23% over the previous week, outperforming other cryptocurrencies like Bitcoin and Ethereum.

For instance, Institutional investors like real estate fintech firm Janover show increasing Solana market confidence. The company made another substantial purchase of SOL tokens amounting to 80,000 tokens, adding to its existing Solana investments. In addition to Coinbase’s infrastructure updates, this institutional support suggests that Solana will gain even more adoption within the retail and institutional markets.