Solana (SOL) is positioning itself as a key player in the evolving world of cryptocurrency, with the development team preparing for significant changes in 2024. The latest announcement from Solana’s official account highlights the platform’s strong developer community, increased on-chain activity, and the exciting developments expected throughout the year.
After a meteoric rise in 2023, Solana is laying the groundwork for an even more promising 2024. The platform boasts a successful community of over 2,500 developers, with a retention rate exceeding 50%. With daily user transactions reaching 40.7 million and an increase in daily fee payers, Solana is becoming a central blockchain network for crypto enthusiasts.
The latest announcement from Solana developers reveals the upcoming release of token extensions designed in collaboration with major institutions in the first quarter of the year. These extensions will add versatility to token creation by simplifying the process and ensuring high compatibility, along with other features like private transfers and customizable token platforms.
Furthermore, the introduction of Firedancer, a complete rebuild of Solana’s validator client, promises to optimize network, runtime, and consensus components. With benchmarks showing over one million transactions per second per core, Firedancer aims to eliminate bottlenecks and provide high scalability with future hardware advancements, enhancing the network’s resilience, stability, and security.
Solana has formed significant partnerships throughout 2023, including support from major traditional institutions. The platform offered various plans for blockchain node development on AWS, facilitating the adoption of Solana in the business world. Additionally, Solana data is now available on Google Cloud’s BigQuery, integrating the platform with mainstream cloud services.