Solana
Solana Developers Schedule Alpenglow Consensus Upgrade for October 21
Core developer Anza has scheduled an update aimed at cutting Solana's transaction finality to 150 milliseconds.
Solana core developer Anza has set October 21 as the launch date for the network's Alpenglow consensus upgrade. The technical update is designed to improve transaction efficiency by reducing network finality from 12.8 seconds to 150 milliseconds, representing an estimated speed increase of approximately 85 times.
The scheduled upgrade arrives alongside growing on-chain activity and tokenized asset volume on Solana. Spot trading volume for SPCX, a tokenized version of SpaceX shares, reached $1.58 billion between June 12 and October 12, reflecting rising participation in tokenized equities on the network.
The network previously recorded 29.3 billion transactions during the third quarter, accompanying a 60% price rally for SOL. However, market sentiment remains mixed as the asset faces difficulty maintaining support around the $100 level, with data indicating over $625 million in long positions could face liquidation if the price drops below $90.
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