Coinbase’s Big Plan to Supercharge Solana: Speed, Power, and Maybe a Little Magic!

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Ah, Coinbase. The exchange that seems to have a perpetual love affair with Solana. In the latest saga of “How to Make a Blockchain Faster and Possibly a Bit Smarter,” Coinbase has done the unthinkable: they’ve cranked up the speed, resiliency, and scalability of their Solana network to levels that could probably make a rocket blush. 🚀

Coinbase’s Love Letter to Solana Ecosystem (But Like, a Really Fancy One)

According to Coinbase’s announcement, they’ve made some, let’s say, *technical* improvements to their Solana setup. For those who like numbers (which may or may not include you), here’s the fun bit: they’ve increased block processing throughput by five times. Yes, five! It’s like giving a cheetah a Red Bull. 🐆💥 And if that wasn’t enough, they’ve introduced bare metal machines that improve RPC (Remote Procedure Call) performance by four times. We’re talking supercharged servers here.

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 Platform (@CoinbasePltfrm) April 17, 2025

Coinbase’s latest move is basically their attempt at being the superhero of the blockchain world. They want to handle more transactions at lightning speed so they can keep up with the ever-growing crowd of people who want to send and receive their beloved SOL and Solana tokens.

Apparently, Coinbase is putting its money where its mouth is, making these improvements because institutional investors and developers have started to show more interest in Solana. Not to mention, Canada is ready to approve a few spot Solana ETFs (because, well, everything is better with a little ETF action, right?).

SOL Price: Bullish Signs or Just a Coin Toss?

While Coinbase flexes its muscles, analysts are looking at Solana’s price like it’s a treasure map leading to riches. Andrew Griffiths, one such analyst, has spotted bullish indicators for SOL. Apparently, Solana has busted out of a descending parallel channel on its daily chart, which is like breaking free from a bad relationship. The price has been above the 21-day exponential moving average (EMA) for several days, and guess what? It’s still holding steady above that strong $117 support level. 💪

#SOL Solana is showing signs of bullish momentum:

Daily Analysis:
– Price has broken out of a descending parallel channel, retouched the trendline, and is on the rise.
– Closed above EMA21 for several days, overcoming an initial hurdle!
– Price is above strong support around…

— Andrew Griffiths (@AndrewGriUK) April 17, 2025

For those into technical stuff, it gets even juicier. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are *almost* on the right side of bullish, but they’re not quite ready to throw a party yet. The 4-hour charts, however, are looking like they might just host a VIP event, as price is above several key EMAs. Yes, it’s like the market is getting its groove on.

And the excitement doesn’t stop there! Institutional interest is on the rise, with Janover (a real estate firm) scooping up a staggering 80,567 SOL, valued at about $10.5 million. That brings their total stash to over 160,000 SOL. Guess they really like their real estate to be *on the blockchain*. 🏡💰

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2025-04-17 21:25