Solana's Alpenglow upgrade has been overwhelmingly approved by the community, receiving over 98% of validator votes. The upgrade introduces 'Votor' and 'Rotor' mechanisms, replacing the previous Proof-of-History system, and reduces transaction times to 150 milliseconds. This development is expected to bolster Solana's capabilities in blockchain gaming and DeFi sectors.
Following the upgrade's approval, Solana's price increased from under $195 to over $210, a 3% rise within 24 hours. Trading volume also surged by nearly 50%, reflecting heightened investor interest. Additionally, the meme coin Wall Street Pepe is expanding into the Solana ecosystem, transitioning from Ethereum to become a multi-chain token, which involves burning corresponding tokens in the ETH ecosystem to maintain the total supply.
Solana's Alpenglow Upgrade Approved, SOL Price Hits $210
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