Solana Company launches Pacific Backbone for enhanced blockchain infrastructure
- The “Pacific Backbone” will connect Seoul, Tokyo, Singapore, and Hong Kong with a low-latency network.
- The initiative aims to support staking, validation, and trading services on the Solana blockchain.
- Performance optimization and new product launches are expected within the next 12 to 18 months.
- Solana processes over 3,500 transactions per second and supports millions of daily active wallets.
- Currently, Solana Company holds over $180 million in its treasury with approximately 2.3 million SOL.
- Shares of Solana Company fell by 13.3% to $1.76 amid a broader market downturn.
This infrastructure project targets institutional demand in the Asia-Pacific region, which is rapidly adopting cryptocurrencies and digital assets. The goal is to enhance accessibility and reliability for financial institutions while reducing latency.
With Solana processing over 3,500 transactions per second, the Pacific Backbone aims to facilitate further growth in the blockchain ecosystem as the company prepares for its next phase of expansion.
