In recent months, Solana has emerged as a prominent player in the crypto sphere, lauded for its speed and cost-effectiveness compared to Ethereum. However, concerns have arisen regarding network congestion and occasional shutdowns, highlighting the need for infrastructure improvements.
Addressing these issues head-on, developers have rolled out Mainnet update v1.17.31, tailored specifically to mitigate network congestion. The update introduces crucial changes aimed at enhancing efficiency and stability.
Key highlights from the changelog include improved visibility of staked versus non-staked packets to manage network load effectively.
Other significant updates include optimization measures such as utilizing smallvec to aggregate chunks and minimize resource usage, implementing a BankingStage Forwarding Filter to streamline transaction processing, and refining streamer Quality of Service (QOS) parameters to prioritize transactions from staked nodes.
Anza, a prominent Solana developer, has urged validators to adopt the latest patch once the delinquent stake falls below 5%, ensuring a smooth transition to the updated protocol.
Despite the recent volatility in the broader cryptocurrency market, Solana’s native token briefly dipped below $130 on April 14 before rebounding to approximately $154, marking a 7.5% increase in the past 24 hours. Concurrently, Bitcoin surged past $66K, and Ethereum surpassed $3.2K, signaling a potential market-wide recovery.
As market dynamics continue to evolve, all eyes are on Solana and its ability to sustain its upward trajectory amidst ongoing technical enhancements and market fluctuations.
