Solana Survives Record $19B Liquidation With 100K TPS Performance

Global cryptocurrency markets witnessed a historic liquidation event, wiping out more than $19 billion in leveraged positions within a single ￰0￱ to Coinglass data, over 1.6 million traders were forced out of their positions, marking one of the largest market clearances since ￰1￱ trigger came after former ￰2￱ Donald Trump proposed a 100% tariff on Chinese imports, sparking widespread panic across financial markets and causing a sharp selloff in both traditional and digital assets.) suffered a sharp decline of 17.5% over the last 24 hours, falling to around $183. Its market capitalization now stands at $100.4 billion, with a circulating supply of 550 million tokens.

However, Solana’s network performance surprised ￰3￱ to the core development team at Anza, the blockchain endured its most intense stress test yet, maintaining stability while processing over 100,000 transactions per ￰4￱ Agave validator client handled six times the usual peak traffic without any degradation, demonstrating Solana’s scalability under extreme ￰5￱ ETF Optimism Offers Hope for Recovery Despite the record losses, optimism remains for Solana’s long-term ￰6￱ regulatory adjustments have made ￰7￱ approval for Solana more likely, potentially opening doors for institutional ￰8￱ from The Block shows three Solana-related ETF products are already live, with several awaiting approval.