Solana V1 Transaction Format Raises Capacity to 4,096 Bytes

Solana's V1 transaction format increases capacity to 4,096 bytes, more than three times the previous size. According to NS3.AI, Solana is also preparing to reduce slot times to 250ms around 05:01 UTC on Sept. 18. The network processed 5.2 billion non-vote transactions in August as application activity reached record levels.