4 big questions following the Solana Accelerate conference
The post 4 big questions following the Solana Accelerate conference appeared on BitcoinEthereumNews.com. This is a segment from the Lightspeed newsletter. To read full editions, subscribe. I spent much of last week running between conference venues and side events during Solana Accelerate in New York City. Conferences tend to be announcement-heavy affairs, and Accelerate didn’t disappoint, bringing major updates on Solana’s core infrastructure, Solana’s phone startup and tokenized equities. And as I pointed out last week, change is in the air. Competition is heating up, and formerly-hyped areas of Solana’s ecosystem are starting to lose their luster. To elucidate some of that potential change, here are four big questions I have after Accelerate. 1. What’s the deal with Firedancer? Jump released Frankendancer, a halfway version of Firedancer that makes some performance improvements to the existing Solana client, last September. It began rolling out Jito bundle support — allowing validators to more efficiently MEV — earlier this year. Today, Frankendancer commands just 6% of Solana’s total stake (that proportion is up slightly from around 5% last week). This from-scratch Solana client project has been talked about in hallowed terms for years, but for one reason or another, most validators aren’t currently using Frankendancer. One Accelerate attendee mused to me that Jump and Solana may have hyped up Firedancer too much, too soon, and perhaps building and rolling the software out more quietly would have been the better move. Frankendancer’s key catalyst could be financial incentives: The client’s developer announced a stake delegation program similar to what the Solana Foundation offers during Accelerate. 2. Has Kraken become the Solana-favored exchange? One major news item from Accelerate was Kraken’s launch of xStocks, tokenized equities — including Apple, Tesla and Nvidia — that will trade on Solana. It’s an interesting development in international investors’ ability to invest in US stocks, but more interesting was the decision to launch…
The post 4 big questions following the Solana Accelerate conference appeared on BitcoinEthereumNews.com.
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. I spent much of last week running between conference venues and side events during Solana Accelerate in New York City. Conferences tend to be announcement-heavy affairs, and Accelerate didn’t disappoint, bringing major updates on Solana’s core infrastructure, Solana’s phone startup and tokenized equities. And as I pointed out last week, change is in the air. Competition is heating up, and formerly-hyped areas of Solana’s ecosystem are starting to lose their luster. To elucidate some of that potential change, here are four big questions I have after Accelerate. 1. What’s the deal with Firedancer? Jump released Frankendancer, a halfway version of Firedancer that makes some performance improvements to the existing Solana client, last September. It began rolling out Jito bundle support — allowing validators to more efficiently MEV — earlier this year. Today, Frankendancer commands just 6% of Solana’s total stake (that proportion is up slightly from around 5% last week). This from-scratch Solana client project has been talked about in hallowed terms for years, but for one reason or another, most validators aren’t currently using Frankendancer. One Accelerate attendee mused to me that Jump and Solana may have hyped up Firedancer too much, too soon, and perhaps building and rolling the software out more quietly would have been the better move. Frankendancer’s key catalyst could be financial incentives: The client’s developer announced a stake delegation program similar to what the Solana Foundation offers during Accelerate. 2. Has Kraken become the Solana-favored exchange? One major news item from Accelerate was Kraken’s launch of xStocks, tokenized equities — including Apple, Tesla and Nvidia — that will trade on Solana. It’s an interesting development in international investors’ ability to invest in US stocks, but more interesting was the decision to launch…
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