ZK Compression cuts developer costs by 1000X, boosts SOL scalability.
Solana’s price rose by 73% in 24 hours amid a new ZK compression upgrade.
Market volatility persists as Fed comments affect broader crypto sentiment.
Solana has rolled out an update for developers, ZK Compression upgrade, leading some to speculate on the price of $SOL to reach as high as $300.
As highlighted on X by Altcoin Buzz, an analytics firm, the new ZK Compression upgrade will drastically cut developer costs and boost network scalability. This major development has already had a positive effect on SOL’s price, which is up 5.73% in the last 24 hours.
Solana just dropped a major update for developers, sparking speculation that $SOL could hit $300 soon.
The ZK Compression update slashes developer costs by 1000X, boosting network scalability.
SOL price is already up 1.5% in the last 24 hours…
Will Solana hit $300?
Only time… pic.twitter.com/YtHfRltHc8
— Altcoin Buzz (@Altcoinbuzzio) September 19, 2024
ZK Compression: Lower Costs, Higher Scalability
The latest ZK Compression update, now live on Solana’s mainnet, tackles the high costs tied to on-chain transactions and storage.…
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