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Solayer Secures $12 Million to Enhance Solana’s Restaking Capabilities
29.8.2024
Solayer has raised $12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth...
Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog
27.6.2024
Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s...
Solana Launches Mainnet Beta v1.18.15 Upgrade to Address Network Stability
11.6.2024
Solana has recommended validators in the network upgrade to the latest Mainnet Beta 1.18.15, which includes several fixes to address network performance and stability. The release includes a central scheduler functionality that can be turned on optionally, focused on solving performance issues...
The Memecoin Frenzy Has Ignited a Scalability Arms Race
9.6.2024
Following a spell of TradFi breakthroughs, all-time highs, and intense optimism in the crypto industry, selling pressure across most major cryptocurrencies are slowly beginning to ease, with trading volumes submitting to more tenable growth levels. Amidst this growth, one category-defying group...
Tristan Frizza, Founder of Zeta Markets, on Solana’s DeFi Layer 2 Plans, Perpetual Trading, and 2024 DeFi Summer | Ep. 336
21.5.2024
Tristan Frizza, the Founder of DeFi platform Zeta Markets, discusses how he came to build on Solana (encouraged by a chat with the chain’s founder), Solana’s congestion issues, building the first Solana L2, and how this will benefit Zeta and the wider community.
The post Tristan Frizza, Founder...
Ore wins Solana hackathon despite disrupting Solana’s network in April
7.5.2024
A sudden rise in Ore mining transactions was one of the main culprits behind Solana’s April congestion issue where up to 70% of non-vote transactions were being rejected
TOKEN2049 Day 2 Recap: Branching Crypto Cap, Uniting L2s, Tokenizing Staking and More
2.5.2024
Industry insiders discuss decentralized AI, DePIN, RWAs, incoming regulations, the crypto market branching off into two streams, tokenizing trade, uniting Layer 2s, resolving network congestion, and much more.
The post TOKEN2049 Day 2 Recap: Branching Crypto Cap, Uniting L2s, Tokenizing Staking...
Solana Advances Congestion-Alleviating Central Scheduler Feature to Testnet
28.4.2024
Anza, a dev collective behind Solana, recommended the adoption of Agave v1.18.12 into the blockchain’s devnet and testnet. This new version of the mentioned client ships with a central scheduler that aims to reduce congestion by increasing fee collection and reducing conflicting transactions....
Solana Developers Deploy Fixes to Mainnet to Address Network Congestion
21.4.2024
Solana developers have successfully pushed a series of fixes to address network congestion issues. On April 15, Solana urged validators to update to v1.17.31, a version that changes how certain validators are treated depending on their stake. Further fixes will be shipped in the coming weeks...
Ore Suspends Mining Amid Solana Congestion to Prepare for V2
17.4.2024
Ore has temporarily halted its mining operations on the Solana network due to increased congestion, with plans to launch an optimized Version 2 of its protocol.
The post Ore Suspends Mining Amid Solana Congestion to Prepare for V2 appeared first on Cryptonews
Solana Releases Update to Address Network Congestion Issues
15.4.2024
Solana developers on Monday announced a mainnet beta update, version 1.17.31, aimed at addressing the network’s recent congestion problems.
The post Solana Releases Update to Address Network Congestion Issues appeared first on Cryptonews
Solana Rolls Out Update to Tackle Network Congestion
15.4.2024
A meme coin trading frenzy and a rapid spike in users has stressed the network in recent months
Solana Developers Test Congestion Fixes in Testnet, Introduce Measures to Prioritize Traffic
14.4.2024
Anza, a collective of developers focused on the Solana blockchain, has produced a fix that aims to reduce the congestion that the network has been experiencing. The new version of Solana, now being tried in testnet, includes a feature called stake-weighted quality of service (SWQOS), that...
Solana tackles congestion with Anza and Jupiter DEX fixes
12.4.2024
Solana is facing a serious problem of network clogging due to innumerable instances of transaction delays and user inconvenience. There are also doubts about the platform’s upgradability potential. Solana is known for its high output and low latency. To better understand the reasons behind...
The MEME coin to watch: BEFE gains traction amid Solana network congestion
11.4.2024
Accounting for approximately 6% of the total volume of cryptocurrencies traded in the last 24 hours, meme coins have grown from mere entertainments and bants into a lucrative sector of the cryptocurrency market. Dubbed as investors’ favorite spot for fun and profits, meme coins like $DOGE, $SHIBA...
Solana developers rally to combat network congestion
8.4.2024
The Solana network’s transaction speed is limited right now because too many unnecessary transactions are taking place. The Solana developers are trying to remove this bottleneck through software upgrades and improvements. In the last month, the Solana network has been struggling with...
‘TESLA’ Token on Solana Explodes 45,398% in a Day, Anticipation Builds for New $10 Million Dog-Coin Listing
8.4.2024
Despite congestion over the weekend, the Solana meme coin markets are back with a bang this morning, as the new Tesla token explodes +45,298%. This article will provide an analysis of TESLA’s current price trends and look to see whether a viral dog coin, Dogecoin20, represents a more promising...
Solana Developers Rush to Address Network Congestion; Operativity Remains Impaired
7.4.2024
Anza, a collective of Solana-focused developers, has announced the measures it is taking to mitigate the congestion issues the network has been facing. Anza stated that it has made significant progress in tackling these problems and hopes to release patches next week. Currently, 70% of users’...
Solana Announces Recommendations and Measures to Deal With Network Congestion
19.3.2024
The Solana Foundation has announced several recommendations that developers should follow to cope with the high usage that the network is currently experiencing. The foundation recommended implementing priority fees, and a series of optimizations to avoid dropping transactions. Also, an improved...
Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists
10.1.2024
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $11.17 per transfer. Although there has been a decline in onchain fees, they currently...