The Solana team is preparing to address network strain and congestion by urging validators to upgrade to the latest version. This upgrade is essential to strengthen the Solana blockchain and alleviate strain caused by the meme coin frenzy and high demand for platforms on the Solana-based blockchain.
Solana Status announced on June 10 that the team is recommending the v1.18.15 release for the mainnet upgrade. Validators are urged to upgrade to this stable release, which includes significant improvements such as metrics for threshold failures, fixes for transaction queue issues, and the addition of certificate authority certificates to the docker image. Scheduler optimization and worker precompile verification will also be included in this upgrade, ensuring a more efficient consensus approach.
Validators are expected to monitor nodes closely, providing updates if the delinquent stake drops below 5% and reporting any issues they encounter. After a previous upgrade caused network problems, developers and validators are eagerly anticipating this much-needed update.
Earlier this year, the price of SOL surged to $210 but declined due to various factors, including the Federal Reserve’s decision to delay rate cuts. Currently, SOL is trading at $159.45, showing a 1.14% increase in the last 24 hours according to data from CMC.
In other crypto news today, concerns are raised about high-risk loans on Aave signaling potential trouble for DeFi.