Solana [SOL] hits a double-digit uptick amid this upgrade

Solana [SOL] 2021 performance remains one of the best in recent times. Unfortunately, the “Ethereum killer” had failed to replicate that bullish run as it remained at a whopping 83.68% below its all-time high (ATH) as per CryptoQuant. The cryptocurrency surged after the successful Ethereum [ETH] Georli testnet merge. Over the last 24 hours, SOL […]

. The foundation made it known that Solana would remain a permissionless network where anyone could contribute.

In addition, the report stated that an average of 95 new consensus nodes had been added to the network since June 2021. Solana also noted that its validator count had hit 3,400 across six continents, meaning that the activities of developers on its network had not dwindled. The report added that Solana was not doing badly since it deployed the Nakomoto coefficient to identify compromise on its network. This may agree with its earlier stance that the Slope and Phantom wallet shack was not its fault.

At the time of the report, the Nakamoto Coefficient was 31, which improved the network’s health. With many organizations running their businesses off its validator chain, is SOL prime ready to hit a new ATH?As of 2 August, it was 20 before it reclaimed an uptrend to 30 at the time of this writing. Interestingly, the total NFT trade volume has also increased. From $410,000, it moved up to $1.9 million.Nevertheless, SOL’s probability of reaching its ATH or hitting a new one might take a while.

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