Solana rallies 9% as developers launches update to tackle network congestion

Solana developers person released a mentation 1.17.31 update to assistance the blockchain web conflict the congestion issues it faced implicit the past month.

In an April 15 station connected X, Solana’s Status said:

“The v1.17.31 merchandise is present recommended for wide usage by MainnetBeta validators. This merchandise contains enhancements which volition assistance alleviate the ongoing congestion connected the Solana Network.”

Notably, this improvement marks the archetypal measurement successful a series of upgrades to alleviate the network’s congestion woes.

Lately, Solana has experienced a surge successful transaction failures. Analysts property these problems to the blockchain’s increasing popularity and aggravated web activity, which is driven by automated bots seeking arbitrage opportunities.

The update

Anza, a Solana-focused devshop, said the update “contains enhancements which volition assistance alleviate immoderate of the ongoing web congestion and volition beryllium followed by further enhancements successful v1.18.”

The steadfast added that validators should upgrade to the latest spot lone erstwhile determination is little than a 5% delinquent involvement connected the network.

An representation shared by Rex St John, the caput of developer relations astatine Anza, showed that mentation 1.17.31 introduces respective web enhancements, including improved visibility into staked versus non-staked packets, refined attraction of ace debased staked nodes successful streamer QOS, and enhanced minimal streams per 100 sclerosis for staked nodes.

SOL rises 10%

Following quality of the upgrade, Solana’s autochthonal SOL token rebounded from its erstwhile rut to people a 10% summation during the aboriginal trading hours.

Data from CryptoSlate shows that the integer plus roseate to arsenic precocious arsenic $156 earlier somewhat correcting to $152 arsenic of property time. This marks a stunning reversal for a integer plus whose terms had tanked to astir $120 during the play amid a broader marketplace decline.

The station Solana rallies 9% arsenic developers launches update to tackle web congestion appeared archetypal connected CryptoSlate.