- The Solana network plans upgrades called Firedancer and Alpenglow to improve speed and transaction processing.
- Firedancer is a third-party validator client by the Jump Crypto team, aimed at diversifying network infrastructure.
- Alpenglow introduces the Votor voting protocol to finalize blocks faster and reduce validator communication delays.
- Solana’s native token, SOL, has fallen 26% in the last 30 days and is currently trading near one-year lows.
- A $50 million share buyback by the Solana treasury firm Upexi signals confidence in Solana’s long-term value.
The Solana (SOL) network is preparing significant upgrades scheduled for release in 2025 to enhance network performance. These improvements include faster transaction speeds and increased throughput per block. The Firedancer and Alpenglow updates aim to achieve near-instant consensus across the network.
The Firedancer upgrade involves a validator client developed by the Jump Crypto team. This third-party client is in advanced testing with limited mainnet deployment. Firedancer intends to diversify the validator set, which can reduce the risk of system failures and outages by enabling Solana to run on multiple types of validator software. More details on Firedancer are available here.
The Alpenglow protocol, announced in May 2025, reworks Solana’s method for coordinating validators. It employs Votor, a lightweight voting protocol that finalizes blocks with a single or dual-run voting process. This system cuts latency to milliseconds and removes the need for gossip communication between validators.
Currently, the Solana token SOL trades around $140, down 26% over the past month. Despite this decline, a major Solana treasury firm, Upexi, recently launched a $50 million share buyback program. Upexi, which previously invested $300 million into Solana, plans to repurchase shares at times and prices favorable to management.
“We view the repurchase program as an additional tool to enhance shareholder value and will deploy it only when management believes the repurchase represents an attractive return on capital without compromising our ability to pursue strategic growth or maintain a strong treasury position,” said Upexi’s head Allan Marshall. The buyback is expected to reduce circulating shares, potentially increasing the value represented by each SOL token if the asset recovers.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- SoFi Relaunches Crypto Trading, Signaling TradFi-Crypto Merge
- Peter Schiff Calls MicroStrategy a “Fraud,” Challenges Saylor to Debate
- US Prosecutors Defend Conviction of Tornado Cash Developer Roman Storm
- China Begins Mass Production of Flying Cars, BRICS First Buyers
- Bitcoin Dips Below $100K as JPMorgan Predicts Market Surge
