Key facts:
In the last 24 hours, Solana cryptocurrency increased by 9%.
Firedancer tests promise to process over 1 million transactions per second.
Solana (SOL), the native cryptocurrency of the eponymous network, has seen a significant increase in its price, up 9% in the last 24 hours.
The price of SOL went from 138 to 151 dollarsan increase recorded in the graph of TradingView.
Currently, the price of SOL records an increase of 640% in one year, however, Its price is 42% away from its historical maximum (ATH).
The rise of the cryptoasset arose after the announcement of the launch of Frankendancer, a validator client and prototype of Firedancer, Solana’s long-awaited next big step towards greater scalability.
The news was made known by Kevin Bowers, Chief Scientist at Jump Crypto, during the Solana Breakpoint 2024 event in Singapore.
Jump Crypto, a division of the Jump Trading Group, has stood out for its focus on Web3 infrastructure, and now, with Frankendancer on the mainnet, Solana ecosystem prepares for the next big step with Firedancer.
According to Bowers, the team is looking to gain production experience and community feedback before fully deploying Firedancer to the mainnet.
The launch of Frankendancer follows another major milestone in the ecosystem: in August of this year, the validator client Agavedeveloped by Solana’s core protocol engineering team, was deployed to the mainnet.
Bowers stressed that This strategy will allow for independent evolution of Agave and greater flexibility for other developers customize their own validators, promoting a more dynamic ecosystem.
What is Firedancer?
Firedancer It is designed to maximize the capacity of the Solana network. During testing in 2022, Firedancer proved capable of processing more than 1 million transactions per second, far exceeding the current limit of 50,000 transactions per second.
Although still There is no official date for its release on the main network.expectations are high among investors and developers. The truth is that its arrival is getting closer, as Bowers reported that the Solana test network is currently operating.
According to what explained by Messari, if Firedancer works as expected, could allow Solana to enter new markets and attract a whole new type of user. By offering unprecedented performance, composability, and low costs, the network would become a much more attractive option for developers and businesses looking to build decentralized applications.
Solana introduced its new smartphone
Another catalyst for SOL’s rise has been Solana Mobile’s recent announcement of its second smartphone, the “Solana Seeker,” as reported by CriptoNoticias.
Pre-sale of the device has exceeded 140,000 units in 57 countrieswhich reinforces confidence in the Solana ecosystem.
The Seeker, which is priced at $450 pre-sale until September 21 (it will then go up to $500), Its commercial launch is planned for mid-2025.
With these technological and strategic developments, Solana continues to consolidate itself as one of the most promising platforms in the world of cryptocurrencies, and the imminent arrival of Firedancer could mark a before and after for the network and the value of SOL.