Latest Solana release could have SO much impact on SOL price

• The Anza development store in Solana said internal tests were “promising”.
• SOL did not react positively and fell on the charts by more than 4%.

In an important development, the long-awaited version of Solana v1.18.12, aimed at solving current network congestion problems, has already been released for testing.

Long term solution?

Anza, a Solana-focused development team comprised of former Solana Labs core engineers, encouraged users to upgrade to the new version and evaluate its reliability on a testnet. Anza said the new version will improve network performance by increasing fee collection and reducing the number of conflicting transactions. While internal testing has yielded positive results, Anza added that the improvements will only be fully tested once they are in production.

Solana has recently faced increasing criticism due to network congestion and high transaction failure rates. According to AMBCrypto’s analysis of the Dune dashboard, as of April 27, about 63% of all non-voting transactions failed. The failure rate peaked at 75% earlier this month.

Solana developers send out patches and releases

in recent weeks to relieve pain. The latest version, v1.18.12, aims to provide additional improvements to these efforts.

SOL remains in the clutches of bears

Thanks to this development, SOL failed to move forward. Instead, it fell 4.66% in the last 24 hours, according to CoinMarketCap. In fact, the fifth-largest cryptocurrency lost more than 27% for the month, in line with the overall market slowdown.

FUD remained as critical as ever, as evidenced by the extremely negative discourse surrounding the altcoin, as AMBCrypto discovered using data from Santiment.

Realistic or not, here is the market cap of SOL in BTC.

Finally, according to Coinglass data, the number of traders making bearish bets on SOL has increased over the past 24 hours, significantly outnumbering those who have been lusting after the asset.

This suggests that network problems continue to worry many market participants.

This is an automatic translation of our English version.