Solana price faces further downside risk despite network upgrade

Solana activated its Transaction V1 format on the mainnet on September 15, increasing the network's maximum transaction size from 1,232 bytes to 4,096 bytes. The upgrade enables developers to build more complex and data-intensive applications, including those using zero-knowledge proofs, larger multisignature configurations, and advanced decentralized-finance operations. Despite the technical improvement, SOL remains under short-term selling pressure, with several indicators pointing to a possible retest of support at $94.16. Transaction V1 raises Solana's limit to 4,096 Bytes Solana's new Transaction V1 format more than triples the maximum amount of data that can be included in a single transaction. https://twitter.com/solana/status/2099685865572233303 The previous 1,232-byte limit restricted the number of instructions, signatures, and other data developers could package together.