Solana has maintained its position as the fastest blockchain for the second consecutive week, processing 1,635 transactions per second, according to data from blockchain analysis platform Chainspect. Internet Computer secured second place with 1,035 TPS, far ahead of BNB Chain at 179 TPS in third. The network activity rankings, released July 10, show Solana and ICP holding a significant lead over competitors. Analyst Ali Charts noted a buy signal on Solana after the price surpassed $78 on June 30, triggering a bullish SuperTrend indicator. On-chain data shows 1.5 million SOL were withdrawn from exchanges between June 24 and July 3, while 1.6 million new addresses were created in three weeks.
Solana has ranked as the fastest blockchain for the second straight week, recording 1,635 transactions per second, according to data from blockchain analysis platform Chainspect. Internet Computer secured second place with 1,035 transactions per second, far ahead of most rivals.
BNB Chain held third place at 179 transactions per second, while TRON and Stellar processed 130 to 150 TPS through stablecoin and cross-border transactions. Base, Polygon, Fogo, and Keeta Testnet each recorded less than 100 TPS.
Analyst Ali Charts stated that a buy signal emerged on Solana after the price moved above $78 on June 30, triggering the SuperTrend indicator to turn bullish. On-chain metrics support the optimistic outlook, with approximately 1.5 million SOL withdrawn from exchanges between June 24 and July 3, suggesting holders are moving tokens to cold wallets.
The network also saw an increase of 1.6 million addresses over three weeks. However, Solana faces a significant supply zone at $79 to $85, where roughly 105 million SOL previously changed hands, according to the UTXO Realized Price Distribution pattern.
Ali Charts noted that a breakout above $85 could open the door for SOL to target $100 and $127. If the price declines below $74, the uptrend may reverse, potentially causing a pullback to $53.
