Solana's price recently dipped below $150, exacerbated by persistent network congestion issues. This decline occurred alongside a broader market downturn, which saw over $860 million in crypto liquidations, affecting major assets including Bitcoin. In response, Solana developers rolled out an urgent software update, version 1.18.11, on the devnet aimed at resolving these congestion challenges. The update has shown initial success, with wallet provider Phantom noting a nearly 5x improvement in transaction success rates. The Solana Foundation remains committed to enhancing user experience and network stability, reflecting a matured developer community ready to tackle emerging challenges.
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