[Solana testnet upgrade symbolizes the huge ambition of the blockchain]

Layer 1 blockchain project Solana continues to make significant progress in decentralized applications. As Solana grows, the project has asked validators on the testnet to upgrade to v1.18.14. Rex St. John, Anza's head of developer relations, said Solana makes such a request when the outstanding stake is less than 5%.

St. John explained that upgrading to v1.18.14 is the next step, after which the same version will be installed on the mainnet beta. He advised users to pay attention to when the testnet will start running v1.18.14 supermajority, and to pay attention to subsequent announcements later this week.

Additionally, Cindy Leow, co-founder of Drift Protocol, highlighted Solana’s impact among mainstream institutions. In a recent article, Leow mentioned that Drift, a perpetual futures derivatives financial commodity exchange based on Solana, has entered the mainstream industry.

Leow noted that Bloomberg Crypto reported on Drift Protocol’s significant progress as a direct and transparent alternative to centralized exchanges (CEX). The report notes that Drift Protocol keeps collateral on-chain, making balances “always verifiable.”

The report also cited comments from Leow, who emphasized that holding collateral on-chain can reduce counterparty risk and prevent malicious behavior such as front-loading. According to data from DefiLlama, Drift Protocol’s total value locked (TVL) was approximately $385 million at the time of Leow’s post.

Solana’s achievements are also reflected in the performance of its token, SOL, which rose by more than 1,000% between October 2023 and March 2024. Although the coin has retreated somewhat following the correction in the crypto market, it is still in an accumulation phase, positioning itself for the upcoming bull run.

#鴉快訊 $SOL @Solana Official