SOL fell below 150 USDT, with a 24-hour increase of 7.94%
According to OKX market data, SOL has fallen below 150 USDT and is now trading at 149.8 USDT, with a 24-hour increase of 7.94%.
Solana recommends validators to use v1.17.31 to alleviate network congestion
Solana Status recommends that Beta validators on the Solana mainnet use version v1.17.31, which includes multiple enhancements aimed at helping to alleviate the current congestion issues on the network.
Cointime April 23th News Express
1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
Tensor: An additional 2.3% of TNSR tokens will be airdropped to approximately 2,900 top users
Tensor, the official NFT exchange of the Solana ecosystem, announced that they have realized that their original airdrop plan did not sufficiently reward top users. Therefore, they have decided to allocate an additional 2.3% of TNSR from the total supply to provide extra airdrop rewards to approximately 2,900 top users. This additional airdrop will have a lock-up period of 6 months and will be fully unlocked within 2 years.
Solana Foundation Strategy Director: On-chain congestion stems from a known bottleneck in the QUIC protocol implementation
Austin Federa, the strategic director of the Solana Foundation, outlined the recent congestion issues on the Solana chain on the X platform. He stated that these issues stem from the implementation of the QUIC protocol and can be attributed to a known bottleneck issue. The solution is already on the roadmap. The main reason may be that the demand for Solana has increased at such a fast pace that within a few days, the problem went from "sufficient but needs improvement" to "insufficient." Austin Federa summarized that this issue is simply technical debt, a network stack that will almost certainly need to be completely rewritten later this year, while balancing important maintenance/improvement work.
Anza: Solana testnet v1.18.11 released
Solana development team Anza announced on the X platform that its testnet version 1.18.11 has been released. It is recommended that testnet verification nodes be upgraded to help developers observe the effect of relevant patches on congestion issues.
Solana Uncovered: An Introduction to the Solana Network
A data-driven overview of the Solana Blockchain
Solana Q1 on-chain settlement transactions reached 2.4 billion
As of April 3rd, the number of settlement transactions on the Solana blockchain in the first quarter reached 2.4 billion, exceeding the total of TRON, Near, BNB, Sei, Polygon, Injective, Sui, zkSync, and Ethereum.
Helius CEO: Solana network issues are not design flaws, fix expected to be released on April 15
Helius CEO Mert Mumtaz, the Solana ecosystem development platform, explained the reason for Solana's recent network instability on social media. He pointed out that Solana's current problems are not due to protocol design flaws, but rather bugs that have appeared in specific implementations. Solana uses the QUIC network protocol, but the current implementation version of QUIC has some flaws and errors. Protocol design is like the overall design of a car, while specific implementation is like different models of cars from different brands. The fact that a certain brand and model has a problem does not mean that all cars have design flaws. Solana only needs to replace the problematic "parts" without changing the entire "model". He revealed that the implementation being developed by Firedancer does not have the same problem. The fix is expected to be released on April 15th, and if other issues are found during the testing process, the launch time may be delayed. In addition to technical issues, the CEO believes that Solana also needs to consider long-term economic sustainability factors, and can more clearly plan the local fee market and economic incentive measures after fixing bugs.
State of Solana Q1 2024
Solana (SOL) is an integrated, open-source blockchain with the goal of synchronizing global information at the speed of light. Solana optimizes for latency and throughput, sacrificing some verifiability. It seeks to accomplish this through features such as its novel timestamp mechanism called Proof-of-History (PoH), block propagation protocol Turbine, and parallel transaction processing. Since mainnet launch in March 2020, several network upgrades have brought further network performance and resilience, including QUIC, stake-weighted Quality of Service (QoS), and local fee markets.
