hodler

6 Jun 2026, 16:30

Solana Price Below $65 For The First Time Since 2023: Crucial Levels To Watch

The Solana price unsurprisingly crumbled under the weight of the bears, as the general cryptocurrency market saw a wave of downward pressure over the past week. The altcoin crashed towards the $60 mark on Friday, June 5th, its lowest price level since late 2023. Given the strength of this recent bearish move, market expectations are tilting towards a continuation of the downturn over the next few weeks. With this in mind, below are some of the critical Solana price levels to watch in the near term. On-Chain Data Shows SOL’s Next Support Level Lies Around $53 In a June 5th post on the X platform, crypto analyst Ali Martinez shared an on-chain insight into the next levels critical to the future of the Solana price. This observation is based on the UTXO Realized Price Distribution (URPD) metric, which tracks the volume of a particular cryptocurrency purchased at a specific price level. Using this on-chain data, the URPD indicator maps out price zones with significant investor activity (where many investors have their cost basis). Because of significant investor activity in the region, these cost basis levels typically act as support and resistance for the cryptocurrency’s price (in this case, Solana). The mechanics behind this are that investors tend to act in the market when an asset’s price returns to their cost basis. If investors have been in profit and the asset’s price falls to their entry point, they tend to buy more, defending their cost basis and forming a support cushion. Meanwhile, investors who have been in the red tend to sell when the price nears their cost basis, resulting in price resistance . In his post on X, Martinez highlighted that the Solana price just lost a significant support cushion around $77. The market analyst then identified $53 as the next crucial price support for the altcoin, with barely any cushion between SOL’s current price and this immediate floor. In the event that the Solana price falls and loses the $53 support, the next critical levels lie around $35 and $24. While it would take severe further capitulation for the price of SOL to fall towards these identified levels, the return of demand in the spot market is necessary for any recovery to begin. Solana Price At A Glance As of this writing, the price of SOL stands at around $63.23, with a nearly 8% downslide in the past 24 hours.

6 Jun 2026, 12:10

Monad developer proposes MIP-12 to shorten block times, boost network efficiency

BitcoinWorld Monad developer proposes MIP-12 to shorten block times, boost network efficiency Category Labs, the development team behind the Monad blockchain (MON), has introduced a governance proposal aimed at improving network performance. The proposal, designated MIP-12, seeks to reduce the consensus voting cycle from 400 milliseconds to 300 milliseconds, potentially accelerating block finalization and enhancing overall consensus efficiency. What MIP-12 proposes The core change in MIP-12 is a reduction in the time allowed for validators to reach consensus on new blocks. By shortening the voting window by 100 milliseconds, the network could achieve faster transaction finality, a key metric for user experience and application performance. To maintain network stability under the tighter schedule, the proposal also adjusts two related parameters: the transaction processing limit per block would decrease from 5,000 to 3,750, and the block proposal gas limit would be lowered from 200 million to 150 million. These adjustments are designed to balance speed with reliability. A shorter voting cycle reduces the window for validators to communicate, so limiting the computational load per block helps prevent missed proposals or network forks. Category Labs has framed the proposal as a measured optimization rather than a radical overhaul. Context and implications for Monad Monad is a layer-1 blockchain that has drawn attention for its high-throughput architecture, which uses pipelined execution and parallel processing to compete with networks like Solana and Sui. The current 400ms block time already positions Monad among faster blockchains, but the team believes further reductions could improve the network’s appeal for latency-sensitive applications such as decentralized exchanges, gaming, and high-frequency trading. If approved by Monad’s governance process, MIP-12 would represent one of the first major parameter changes to the network’s core consensus mechanism since its launch. The proposal is currently in the discussion phase, and community feedback will determine whether it moves to a formal vote. Why this matters for users and developers Faster block finalization translates directly to a smoother user experience. Transactions would be considered final more quickly, reducing the time users wait for confirmations. For developers building on Monad, the change could enable more responsive applications and open the door to use cases that require near-instant settlement. However, the reduced transaction and gas limits mean that each block will accommodate fewer operations. This could increase competition for block space during periods of high demand, potentially raising fees. The trade-off between speed and capacity is a classic challenge in blockchain design, and MIP-12 reflects Category Labs’ current assessment of the optimal balance. Conclusion MIP-12 is a targeted governance proposal that seeks to improve Monad’s network performance by reducing block times while adjusting resource limits to maintain stability. The proposal is still under community review, and its outcome will signal the direction Monad’s governance body prioritizes as the network matures. For users and developers, the change could bring faster transactions, though at the cost of slightly reduced per-block capacity. FAQs Q1: What is MIP-12? MIP-12 is a governance proposal from Category Labs, the developer of Monad, that aims to reduce the consensus voting cycle from 400ms to 300ms to improve block finalization speed. Q2: How will MIP-12 affect transaction limits? The proposal lowers the transaction processing limit from 5,000 to 3,750 per block and reduces the block proposal gas limit from 200 million to 150 million to maintain network stability. Q3: Is MIP-12 already active? No. MIP-12 is currently in the discussion phase within Monad’s governance process. It must receive community approval before being implemented on the network. This post Monad developer proposes MIP-12 to shorten block times, boost network efficiency first appeared on BitcoinWorld .