The #Solana S network has successfully launched its Frankendancer upgrade on the mainnet, leading to a 9% increase in SOL’s price over the past 24 hours. This upgrade, which integrates features of the Firedancer validator client, was demonstrated live by Jump #crypto at the ongoing 2024 Solana Breakpoint conference. The upgrade has boosted optimism in the market, contributing to SOL’s recent price surge.
Frankendancer Upgrade Goes Live
During the Solana Breakpoint conference, Jump Crypto showcased the Frankendancer upgrade live on the mainnet. Github data also supports that the network upgrade is ready for widespread adoption by validators. The Frankendancer represents a key phase in the Firedancer integration, which aims to rewrite the core functional components of the Solana Labs client.
This upgrade is designed to optimize each layer of the network for peak performance, allowing validator clients to operate at full efficiency. In addition to improving Solana’s bandwidth and hardware scalability, the upgrade seeks to document and standardize the Solana protocol. The ultimate goal is to simplify the process of creating a validator, eliminating the need for developers to delve into the complex Rust validator code.
The Frankendancer upgrade also enhances validator client diversity, which is expected to improve overall network performance. This development follows the recent launch of ZK Compression on Solana’s mainnet. Meanwhile, Jump Crypto’s Chief Science Officer, Kevin Bowers, confirmed during the conference that Firedancer, the full validator client, is running on the testnet, though no specific timeline was given for its mainnet launch.
SOL Price Surges 9%, Reaches Above $150
Following the announcement of the Frankendancer upgrade, SOL’s price saw a 9% increase, pushing it above $150. Trading volume also saw a notable increase of over 8%, with more than $3 million traded in the past 24 hours. This positive momentum reinforces SOL’s bullish outlook, positioning it as one of the top gainers during the broader crypto market recovery.
Franklin Templeton, a major asset manager, previously emphasized that the Firedancer upgrade would address Solana’s network challenges, including past downtime. They believe SOL has the potential to join the ranks of top-tier cryptocurrencies alongside #Bitcoin and #ethereum . Currently, SOL is ranked as the fifth-largest cryptocurrency by market capitalization.
