How Does Solana’s Mainnet Launch Impact Ongoing Congestions?

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Solana Co-Founder Announces Next Mainnet Release - Agave-24-XP
  • Solana co-founder Anatoly Yakovenko announces the network’s potential mainnet releases.
  • As per his announcement, “agave-24-XP” is the next mainnet release on Solana.
  • MartyParty calls Solana’s decision to name all Solana validator crates as Agave as a bullish activity.

Solana co-founder Anatoly Yakovenko recently hinted at the upcoming mainnet releases of the platform. NT, XP, ME, and Vista are awaiting release in Q1, Q2, Q3, and Q4, with “agave-24-XP” announced as the next release.

Yakovenko’s post came on the heels of a crucial comment posted by the crypto voice MartyParty. Reflecting on Solana’s potential mainnet releases and the platform’s insistence for operators to switch to Agave validator, MartyParty commented that the Solana validator crates are likely to be renamed as Agave.

Source: MartyParty

MartyParty addressed Solana’s move as a “bullish activity,” adding, “More Solana mainnet release schedule updates – looks like all solana-validator crates will be renamed agave-validator with July 1 expected Solana v2.0 release.”

On April 15, Solana Status took to X to share insights on the blockchain’s v1.17.31 release. The platform assured us that the release would be capable of mitigating the ongoing congestion on the Solana Network. The post read,

“The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network.”

According to previous reports, Solana experienced delayed and failed transactions. While the core cause was connected to QUIC and Agave, the network assured its community of “known solutions” and immediate recovery.

Meanwhile, Solana’s SOL token recovered from its bearish track, exhibiting a notable surge of 6% over the last 24 hours. Though Solana has signaled reaching its all-time high of $259, it retreated from above $200 to $132. At present, Solana has set its price at $148.96, with a weekly decline of 15% and a monthly decline of 19% despite recent surges.

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