Is Solana's 81% Surge Attributed to Firedancer? 🔥
#Solana 's SOL token has experienced a recent surge, with 30-day gains of 81% and a 30% rally in the past week, driven by the testnet launch of its scaling solution, Firedancer.
Often considered an "Ethereum killer," SOL has significantly outperformed #Ethereum , which had less than 11% gains in the past month. However, SOL is still down around 84% from its all-time high in November 2021.
#Firedancer , a validator client for Solana, aims to enhance speed, reliability, and validator diversity, with a mainnet launch planned for the first half of 2024. It's seen as a long-term solution to Solana's past network outages. Concerns arise as substantial amounts of SOL are moved to unknown wallets.
