Solana’s “Alpenglow” proposal is 99% passing close. Solana’s AUM improved this week by $3.2B to $177M as it.
One of the most significant obstacles has been overcome by Solana’s SIMD-0326 “Alpenglow” concept. It has a stake of 33% that has voted for a quorum. Ninety-nine percent voted in favor. As such, the passage is virtually guaranteed.
By doing so, the block finality time will be reduced to less than 160 (150) milliseconds in the event that the proposal is adopted. This represents a very important step toward increasing the speed of Solana’s network. Faster Finality Equals Faster Transaction Confirmations and Better User Experiences
Source –X
This has been confirmed by @SolanaFloor on X. Voting still remains open and will continue all the way into epoch 842. This gives the community an additional couple of days to vote before a decision is made.
The scalability and performance of Solana have both shown significant improvement as a result of this enhancement. As a result, it makes Solana one of the fastest blockchains in the market.
Solana’s Market Momentum Builds with Inflation of Funds
Source – X
Last week, incredible inflows of Digital Assets products associated with Solana were recorded per the information provided by @solanafloor $177 million is the total amount of new investments. Because of this increase, the total amount of money received so far this year has reached $1.24 billion.
As of right now, the total assets under management (AUM) with Solana has reached a new high, with $3.2 billion now invested in exchange-traded funds (ETFs), exchange-traded products (ETPs), and other funds associated with Solana. These numbers reflect a strong interest amongst investors.
It has been 12 consecutive weeks of inflows to Solana-based digital assets. A consistent influx of capital into the market is a testament to growing confidence in Solana’s ecosystem.
Solana’s Future is Faster and Stronger
Having finality time at 150ms will be a tipping point for Solana usability. It would make payments in decentralized finance and non-fungible tokens (NFTs) nearly instantaneous.
This speed enhancement can help attract more developers and users to the platform. In addition, it helps Solana maintain dominance over other blockchains.
A healthy community is a sign of trust in Solana’s technical vision. The approval rate of 99% is a reflection of the confidence the network users have in its development team.
At the same time, record levels of investment are backing the next wave of innovation. Capital inflows bring resources to Solana’s ecosystem that help it to grow.
Solana’s momentum extends beyond the realm of technological innovations. The blockchain products based on it have met with a good response from the market.
The upgrade of ‘Alpenglow’ and its flow sector is a very good sign in that respect. That means Solana is going in two directions: faster technology and more market participation.
Analysts think that this will give Solana an edge in the crypto arena. Strong investor funding is quickly followed by vertical rallying adoption.
