Solana value rises forward of Firedancer’s imminent arrival

Solana (SOL), the native cryptocurrency of the eponymous community, has seen a big improve in its value, up 9% within the final 24 hours.

The worth of SOL went from 138 to 151 {dollars}a rise recorded on the TradingView chart.

At present, the value of SOL information a rise of 640% in a single 12 months, nevertheless, Its value is 42% away from its historic most (ATH).

The rise of the cryptoasset arose after the announcement of the launch of Frankendancer, a validator consumer and prototype of Firedancer, Solana’s long-awaited subsequent massive step in the direction of larger scalability.

The information was introduced by Kevin Bowers, Chief Scientific Officer of Soar Crypto, through the Solana Breakpoint 2024 occasion going down in Singapore.

Soar Crypto, a division of the Soar Buying and selling Group, has stood out for its give attention to Web3 infrastructure, and now, with Frankendancer on the mainnet, Solana ecosystem prepares for the subsequent massive step with Firedancer.

In line with Bowers, the crew is trying to acquire manufacturing expertise and neighborhood suggestions earlier than totally deploying Firedancer to the mainnet.

The launch of Frankendancer follows one other main milestone within the ecosystem: in August of this 12 months, the Agave validator consumer, developed by Solana’s core protocol engineering crew, was deployed to the mainnet.

Bowers confused that This technique will permit for unbiased evolution of Agave and larger flexibility for different builders customise their very own validators, selling a extra dynamic ecosystem.

What’s Firedancer?

Firedancer It’s designed to maximise the capability of the Solana communityThroughout testing in 2022, Firedancer proved able to processing over 1 million transactions per second, far exceeding the present restrict of fifty,000 transactions per second.

Though nonetheless There is no such thing as a official date for its launch on the primary community.expectations are excessive amongst buyers and builders. The reality is that its arrival is getting nearer, as Bowers reported that the Solana check community is presently working.

In line with what was defined by the Messari agency, if Firedancer works as anticipated, may permit Solana to enter new markets and appeal to an entire new sort of person. By providing unprecedented efficiency, composability, and low prices, the community would grow to be a way more enticing choice for builders and companies trying to construct decentralized purposes.

Solana launched its new smartphone

One other catalyst for SOL’s rise has been Solana Cell’s current announcement of its second smartphone, the “Solana Seeker,” as reported by CriptoNoticias.

Pre-sale of the system has exceeded 140,000 models in 57 nationswhich reinforces confidence within the Solana ecosystem.

The Seeker, which is priced at $450 pre-sale till September 21 (it is going to then go as much as $500), Its industrial launch is deliberate for mid-2025.

With these technological and strategic developments, Solana continues to consolidate itself as some of the promising platforms on the earth of cryptocurrencies, and the approaching arrival of Firedancer may mark a earlier than and after for the community and the worth of SOL.