Solana Tops 107K TPS, Surpasses Avalanche in TVL, Eyes 50% Rally
Solana achieved a milestone by processing 107,540 transactions per second (TPS) in a mainnet stress test, with only 50 failures in a single block, highlighting its scalability. Its DeFi ecosystem saw Total Value Locked (TVL) reach $10.58 billion, capturing 7% of global DeFi and outpacing Avalanche’s $1.93 billion (1.27%). Ethereum still leads with over 60% share, but Solana’s throughput and growing capital allocation bolster its competitive position among Layer-1 networks.
On technical charts, Solana’s SOL/USD formed an ascending triangle on the four-hour timeframe, suggesting a potential 50% rally toward $272 if it breaks the $200 resistance. The 50-period EMA at $187 may act as a key hurdle. The Balance of Power indicator stands positive at 0.18, indicating buyer influence, while the RSI at 37.8 signals weakened momentum without reaching oversold territory. Together, these metrics point to a bullish setup that traders should watch for a breakout or renewed consolidation.
Bullish
The 107K TPS milestone and 7% DeFi TVL share underscore Solana’s growing network strength and scalability. Outperforming Avalanche in both throughput and capital allocation enhances market confidence. The ascending triangle pattern—confirmed by higher lows and horizontal resistance near $200—suggests a 50% upside potential upon breakout. A positive Balance of Power reading shows buyer dominance, while the RSI above oversold territory leaves room for momentum build-up. Historically, performance benchmarks and TVL growth on Layer-1 networks have preceded significant price rallies. Short-term, traders may target a breakout; long-term, Solana’s technical edge and ecosystem expansion should support sustained bullish sentiment.