Solana has successfully launched a major upgrade, Frankendancer, on the mainnet. This upgrade aims to significantly improve the performance of the network, heralding the start of Solana 2.0. Additionally, the Firedancer validator client, currently in testing, is also expected to launch on the mainnet soon.
The Frankendancer upgrade marks the beginning of a new era for Solana, bringing significant improvements to network performance and scalability. The upgrade was introduced by Jump Crypto at the 2024 Solana Breakpoint conference and aims to integrate key components of the Firedancer validator client. According to GitHub data, the upgrade is ready for the major release and validators have completed preparations for this transition.
This development is a critical step in Solana’s efforts to optimize its network at every level. It aims to increase the efficiency of validator clients, ensuring that existing hardware and bandwidth are fully utilized. It also simplifies protocol documentation and standardization, allowing developers to create new validators with less technical knowledge.
The introduction of Frankendancer aims to diversify the validator client base and improve the overall performance of the Solana ecosystem. This move comes on the heels of the network’s activation of ZK Compression on mainnet and demonstrates continued improvements to Solana’s infrastructure. Jump Crypto’s Chief Science Officer Kevin Bowers announced that the Firedancer client is in active testing and is expected to be live on mainnet soon, but no specific timeframe was given.
Following the announcement of Frankendancer, Solana’s native token SOL saw a significant price increase. The token gained 9% in 24 hours, sending prices above $150. Trading volumes also increased by more than 8% during the same period, with nearly $3 million worth of transactions completed. This rise makes SOL one of the major winners of the recent bull market trend in the crypto space.
Previously, asset management firm Franklin Templeton highlighted the potential of the Firedancer upgrade to address Solana’s historical network issues, particularly downtime. This positive outlook positions SOL to compete with industry giants like Bitcoin and Ethereum. Currently, SOL is ranked as the fifth-largest cryptocurrency by market cap, reflecting investor confidence and market traction.
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