- The variety of stakers elevated by greater than 1,800% final week.
- SOL’s market indicators have been bullish, suggesting an additional value pump.
Solana [SOL] has accepted a brand new replace for its validators named v1.14. After a majority of community customers determined to improve to the brand new model on 22 Might, v1.14 was thought of to be adopted by the cluster.
The excellent news was that, as per SOL’s tweet, the most recent community replace has been adopted by greater than 97% of the Solana validators.
Listed below are the small print
As per the official announcement, model 1.14 unlocks quite a lot of extremely anticipated new options on the Solana blockchain that can be activated over time.
The v1.14 improve to the @SolanaLabs validator shopper has been adopted by 97.4% of stake.
Be taught extra about what v1.14 unlocks and the way upgrading works: https://t.co/JEi1U9k4gU
— Solana Standing (@SolanaStatus) May 30, 2023
With the assistance of this launch, Solana builders can accumulate lately paid transaction charges and use that information to estimate future transactions. This performance may also assist builders to totally make the most of localized payment markets that can be added in future updates.
The brand new replace additionally introduced new adjustments to SOL’s staking program. If validator governance approves, this launch supplies the groundwork for making use of the minimal required stake delegation and introducing a brand new RPC to entry the prevailing minimal stake delegation.
The replace additionally entails optimizing caching.
It was fascinating to see that the variety of SOL stakers elevated exponentially final week. As per Staking Rewards, the variety of SOL stakers elevated by greater than 1,800% within the final seven days.
Supply: Staking Rewards
SOL’s value chart turns inexperienced
Other than validators, SOL traders additionally had a snug week, as evident from its value motion. In keeping with CoinMarketCap, SOL’s value elevated by greater than 6% within the final seven days.
On the time of writing, it was buying and selling at $21.09 with a market capitalization of over $8.3 billion. The bullish value motion additionally helped SOL enhance its reputation as its social quantity went up.
Sentiment round SOL additionally turned constructive on 29 Might 2023, however later the weighted sentiment dipped.
Supply: Santiment
Learn Solana’s [SOL] Value Prediction 2023-24
This means an additional pump in Solana’s value
A take a look at SOL’s day by day chart revealed that a lot of the market indicators have been within the bulls’ favor. For example, the MACD clearly displayed a bullish edge available in the market.
SOL’s Chaikin Cash Move (CMF) registered an uptick, additional growing the possibilities of a continued value surge. Nonetheless, the Relative Energy Index (RSI) selected to comply with the opposite route and declined, which could be troublesome.
Supply: TradingView
