tl;dr
Solana has requested validators on its testnet to upgrade to version v1.18.14, signaling the project's growth and development. This move comes as Solana continues to make strides in mainstream adoption and decentralized applications within its ecosystem. The upgrade is seen as a significant mileston...
Solana has requested validators on its testnet to upgrade to version v1.18.14, signaling the project's growth and development. This move comes as Solana continues to make strides in mainstream adoption and decentralized applications within its ecosystem.
Additionally, Drift Protocol's co-founder has highlighted Solana's increasing penetration into the mainstream institutional audience, citing its derivatives exchange for perpetual futures as a transparent alternative to centralized exchanges.
Drift Protocol's total value locked (TVL) reached approximately $385 million, reflecting institutional traction. Despite recent market volatility, SOL, Solana's blockchain token, gained over 1,000% between October 2023 and March 2024.
Layer 1 blockchain project Solana continues to record significant milestones, both as a blockchain and as a hotbed for decentralized applications within its ecosystem. In line with Solana’s growth and development, the project has requested validators on its testnet to upgrade to version v1.18.14.
Rex St. John, head of developer relations at Anza, stated that Solana makes such requests when there is less than 5% delinquent stake. Upgrading to v1.18.14 is the next step in the sequence, leading to installing the same version on the mainnet-beta.
Drift Protocol co-founder Cindy Leow cited Drift's derivatives exchange built on Solana as gaining significant traction, with Bloomberg Crypto featuring it as a transparent alternative to centralized exchanges. Drift Protocol's TVL stood at approximately $385 million, and SOL gained over 1,000% between October 2023 and March 2024.