Altcoin
Solana’s Frankendancer Is Live On Mainnet, SOL Price Soars 9%
Solana’s Frankendancer upgrade, which incorporates elements of the Firedancer validator client, has gone live on the network’s mainnet. Network validator Jump Crypto gave a live demo of this upgrade at the ongoing 2024 Solana Breakpoint conference. This undoubtedly provides a bullish outlook for the SOL price which is already up 9% in the last 24 hours.
Solana Frankendancer Upgrade Goes Live
Jump Crypto showed proof of life of the Frankendancer on the mainnent at the Solana Breakpoint conference. Github data also indicates that the network upgrade is ready for mainnet release, with validators set to adopt the network upgrade. The Solana Frankendancer is a major step in integrating Firedancer, which will rewrite the three functional components of the Solana Labs client.
The network upgrade will ensure that each level is optimized for maximum performance, ensuring that validator clients can operate at full capacity. The upgrade will also help to scale Solana’s bandwidth and hardware. It will also help to “document and standardize the Solana protocol.” Eventually, the aim is to ensure anyone can create a validator by glancing at the documentation without delving into the Rust validator code.
Furthermore, the Solana Frankendancer will also help to increase validator client diversity and improve the ecosystem’s performance. This development comes just days after Solana revealed that the ZK Compression is live on its mainnet.
Meanwhile, Jump’s Chief Science Officer Kevin Bowers mentioned at the Solana Breakpoint that Firedancer, the complete validator client, is running on the testnet. He didn’t state exactly when it will go live on Mainnet.
SOL Price Soars 9%, Rises Above $150
The SOL Price has surged 9% in the last 24 hours. SOL price is back above $150 following the announcement of the Solana Frankendancer upgrade. The coin’s trading volume is also up by over 8%, with over $3 million traded in the last 24 hours.
This news undoubtedly provides a bullish outlook for SOL, which has stood out as one of the biggest gainers following the crypto market recovery.
It is worth mentioning that asset manager Franklin Templeton had previously highlighted that the Firedancer upgrade would solve the network issues that Solana has faced, including downtime. In line with this, they expect SOL to rank as a top 3 crypto asset alongside Bitcoin and Ethereum. SOL is currently ranked as the fifth-largest cryptocurrency by market cap.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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