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In a move to address its congestion issues, Solana has launched a new update to its validator client software, as announced by Anza, a spinoff from Solana Labs. The update, version 1.17.
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Solana developers are gearing up for a crucial update scheduled for April 15 aimed at resolving the pressing issue of network congestion. This move comes in the wake of transaction failures skyrocketing due to an “implementation bug” as elucidated by Mert Mumtaz, CEO of Helius Labs.
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If recent on-chain data is anything to go by, then there is a paradigm shift among investors. According to the Real Time Money Flow (RTMF) shared by one analyst on X, capital is moving away from Ethereum and the BNB Chain.
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The Solana network has been experiencing unprecedented levels of congestion, leading to a record failure rate of transactions. According to data from Dune Analytics, on April 4, more than three-quarters of all “non-vote” transactions on Solana failed.
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The scalability debate within the Solana ecosystem has reached a fever pitch, fueled by pointed discussions on X (formerly Twitter) among leading figures in the blockchain space.
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Cryptocurrencies (especially meme coins) have been known to turn many into overnight millionaires in the past. This has happened again as a crypto trader was recently reported to have made $11 million from a single trade.
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A recent comparison was made between Solana (SOL) and Cardano (ADA). In response, Cardano’s founder, Charles Hoskinson, used the opportunity to throw what seemed like a subtle jab at the Solana network.
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Solana (SOL) is currently riding a wave of its own, rallying significantly in the last 24 hours to a 22-month high. Interestingly, there is reason to believe that FTX’s former CEO, Sam Bankman-Fried (SBF), might have contributed to this bullish momentum.
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In a recent investigation by The New York Times, new revelations have come to light regarding the involvement of Sam Bankman-Fried, the disgraced co-founder of FTX, with Solana’s native cryptocurrency, SOL, and his ongoing legal battle.
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Since the start of 2024, the Solana (SOL) price has not quite been able to replicate the strength with which it moved last December.
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Crypto analyst Jacob recently gave his thoughts on what to expect from the Ethereum, Solana, and Chainlink tokens. Based on his analysis, there could be significant price movements from these major altcoins soon enough.
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On Tuesday, the Solana blockchain encountered a significant setback, experiencing an outage that halted block production for four hours and 46 minutes.
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During the early hours of Tuesday, Solana (SOL) encountered a significant outage, adding to the growing list of incidents it has faced in the past 24 months.
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