Solana Gears Up for Release of Crucial v1.18 Update to Tackle Network Congestion
Solana Gears Up for Release of Crucial v1.18 Update
Solana is preparing to launch the important v1.18 update to address network congestion issues. The update is set to be released on May 27 for its mainnet beta, following significant testing and infrastructure enhancements.
Solana's Roadmap to V1.18 Update
The congestion problems have recently worsened due to an increase in bot-driven transactions involving meme coins, leading to a spike in transaction failures.
Solana's development team has been actively implementing a series of upgrades designed to enhance network performance in response to these challenges. Notably, on April 13, in collaboration with Anza, a key infrastructure developer, they introduced version 1.18.11 on the devnet. The validators are currently testing the v1.18.
- Validators play a vital role in the blockchain ecosystem. They confirm transactions and help secure the network, making their input essential for the new update's success.
Market Performance and Volatility
Despite technical strides, Solana has faced significant market volatility. Since the start of the month, its value has dropped by over 22%. It reached a low of $116 earlier in April. However, the price has rebounded, now trading at approximately $158.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.