Solana’s Frankendancer Upgrade Goes Live On Mainnet, SOL Price Soars 9%

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As a researcher with years of experience in the cryptosphere, I’ve seen my fair share of network upgrades and their impact on coin prices. The recent live demonstration of the Solana Frankendancer upgrade at the Breakpoint conference has indeed left an impression. This upgrade, incorporating elements of Firedancer, promises to optimize each level for maximum performance, scale bandwidth and hardware, and standardize the Solana protocol.

On the Solana mainnet, the Frankendancer update – combining parts of the Firedancer validator client – has officially been activated. During the ongoing Solana Breakpoint conference, Jump Crypto demonstrated this update live. This upgrade likely boosts optimism for SOL‘s price, as it has already increased by 9% in the past 24 hours.

Solana Frankendancer Upgrade Goes Live

At the Solana Breakpoint conference, Jump Crypto unveiled evidence that the Frankendancer was active on the mainnet. Furthermore, Github data suggests that the network upgrade for the mainnet launch is now prepared, as validators prepare to implement this update. The introduction of the Solana Frankendancer represents a significant stride towards incorporating Firedancer, which aims to overhaul the three key functions within the Solana Labs client.

The network update aims to enhance the efficiency of each tier for peak performance, enabling validator clients to function optimally. This upgrade also targets improving Solana’s data transmission capabilities and hardware requirements. Furthermore, it will contribute to the process of formalizing and standardizing the Solana protocol. Ultimately, the goal is to make it effortless for anyone to establish a validator by merely referring to the documentation, without needing to delve into the Rust validator code.

Additionally, the introduction of the Solana Frankendancer is anticipated to boost the variety among validator clients and enhance the overall efficiency of the ecosystem. Interestingly, this advancement follows closely on the heels of Solana’s announcement that their ZK Compression has gone live on the mainnet.

As a crypto investor, I’ve been closely following the developments with Solana and recently learned about the progress of Firedancer, the comprehensive validator client, from Jump’s Chief Science Officer, Kevin Bowers, at the Solana Breakpoint event. While he didn’t provide an exact timeline for its launch on Mainnet, I’m excited to see it running on the testnet and can’t wait to witness its potential impact on the platform.

SOL Price Soars 9%, Rises Above $150

In the past day, the value of SOL has jumped by approximately 9%. This surge comes after the announcement of the Solana Frankendancer upgrade and has pushed the SOL price back above $150. Additionally, the trading volume for the coin has increased significantly, with over $3 million worth of SOL being traded in the last 24 hours, a rise of more than 8%.

This news clearly points to a positive trend for Solana (SOL), one of the top performers among cryptocurrencies since the recovery of the market.

It’s noteworthy that Franklin Templeton pointed out earlier that the Firedancer upgrade would address Solana’s network problems, including outages. Following this, they predict that SOL could be one of the top three digital assets, alongside Bitcoin and Ethereum. At present, SOL holds the fifth position in terms of market capitalization among cryptocurrencies.

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2024-09-20 11:47