Solana (SOL) announces release of version 1.17.31, aimed at resolving network congestion caused by increased trading activity.

— X (Twiter) Solana Status (@SolanaStatus) April 15, 2024

Update prioritizes transactions from high-stake validators, preventing network flooding. Recommended for MainnetBeta validators to alleviate congestion.

Surge in meme coin trading has heightened congestion concerns, with March transactions reaching US$4 billion.

Developers plan further updates, including version 1.18 testing, to address congestion. Trading bots contribute to "failed" transactions, complicating network issues.

Solana hopes update will ease congestion, demonstrating commitment to network performance.

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