While major developers and validators have expressed strong support, some community members remain cautious about reliability and decentralization, given Solana’s previous network issues.
Key Benefits of the Alpenglow Upgrade
The Alpenglow upgrade will enhance overall developer experience and user responsiveness. Moreover, it will also enable advanced applications on Solana, such as real-time finance, gaming, and social platforms.
By supporting these use cases, the changes could drive higher on-chain activity and potentially boost demand for the SOL token. Furthermore, achieving the sub-one-second finality is a major development, boosting the overall blockchain performance. While Solana has previously tested “optimistic confirmations” to lower latency, Alpenglow formalizes this approach into a verifiably fast consensus protocol.
SOL Retail Euphoria Hits 11-Week High, Topping Other Altcoins
Blockchain analytics firm Santiment has SOL’s recent pump to $211 is once again retesting its February resistance level. Retail sentiment appears highly optimistic, with 5.8 bullish comments for every bearish one, the strongest ratio in 11 weeks, higher than most altcoins.
Furthermore, the SOL blockchain network is all prepared to ride the stablecoin market growth in the coming years. Greg King, CEO of REX Financial, has suggested that Solana could emerge as the next major player in the rapidly expanding stablecoin market. He argues that SOL’s technology offers advantages over Ethereum, which currently leads the sector.
As of press time, SOL price is trading 3.78% up at $211, with daily trading volumes surging to $12.7 billion. As per the Coinglass data, SOL futures open interest (OI) surged 6.78%, to more than $13 billion.