Solana Price Soars Ahead of Firedancer's Imminent Arrival
Frankendancer, a test validator client, has launched on the Solana mainnet.
In the last 24 hours, the Solana cryptocurrency has increased by 9%.
Firedancer's tests promise to process more than 1 million transactions per second. Solana (SOL), the native cryptocurrency of the eponymous network, has seen a significant increase in its price, with a rise of 9% in the last 24 hours.
The price of SOL went from $138 to $151, an increase recorded on the TradingView chart.
Currently, the price of SOL registers an increase of 640% in one year, however, its price is 42% away from its all-time high (ATH).
The crypto asset's surge came after the announcement of the launch of Frankendancer, a validator client and prototype for Firedancer, Solana's long-awaited next big step towards greater scalability. The news was announced by Kevin Bowers, Chief Scientist at Jump Crypto, during the Solana Breakpoint 2024 event taking place in Singapore.
Jump Crypto, a division of the Jump Trading Group, has stood out for its focus on Web3 infrastructure, and now, with Frankendancer on the mainnet, the Solana ecosystem is preparing for the next big step with Firedancer.
According to Bowers, the team is looking to gain production experience and community feedback before the full deployment of Firedancer on the mainnet.
The launch of Frankendancer follows another important milestone in the ecosystem: in August of this year, the Agave validator client, developed by Solana's core protocol engineering team, was deployed on the mainnet.
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