• Version 1.17.31 is the first in a series of planned updates to address network congestion in recent months.

  • Congestion issues plagued the network in recent months amid a meme coin frenzy, causing a bump in user activity and significantly high demand for the network.

Solana developers said a new software update to tackle the congestion problem on the popular blockchain is “now recommended” for general use by mainnet validators, as per an X post.

“The v1.17.31 release is now recommended for general use by MainnetBeta validators,” they said. “This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network.”

Version 1.17.31 is the first in a series of planned updates to address network congestion in recent months, Rex St John, head of developer relations at Anza, which rolled out Monday’s update, said in an X post.

Validators are entities that run nodes or software that confirms transactions and secures any blockchain network. These entities need to continually upgrade their node to newer releases to deal with any issues that may arise when a network is running.

Congestion issues plagued the network in recent months amid a meme coin frenzy, causing a bump in user activity and significantly high demand for the network. Transactional volumes reached as much as $4 billion in March from the usual figures of under $500 million per day in 2023.

The high use of bots caused a spike in “failed” transactions on the network, Solana developer @0xMert_ previously explained on X.

A fail, in this context, meant a smart contract flagged certain transactions as a “bad request,” even as they were successfully submitted to the Solana network.

Broadly speaking, the final version prioritizes transactions from “good” validators, or those with a sizeable stake, to a node leader, where transactions are ultimately confirmed. Such a priority would allow validators with a higher stake to receive higher quality of service – preventing lower-quality validators from maliciously flooding the network with transactions.

Version 1.18 is currently being run on a testnet or a network that mimics the main blockchain to test for bugs and other issues.


All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Trust Wallet with over 100 million users back on Google Play Store after temporary removal

Trust Wallet with over 100 million users back on Google Play Store after temporary removal

Trust Wallet is a non-custodial software wallet that allows traders to send, receive, exchange and hold digital assets. Users can hold cryptocurrencies and NFTs in their Trust Wallets. The wallet disclosed its removal from Google’s application store, Play Store, early on Monday. 

More Cryptocurrencies News

Maker loses 9% in past 24 hours as whales sell MKR for profits

Maker loses 9% in past 24 hours as whales sell MKR for profits

Maker (MKR) wiped out 9% of its value in the past 24 hours. Data from crypto intelligence tracker Santiment shows that large wallet investors are taking profit on their MKR holdings, likely driving down the asset’s price. 

More Maker News

Week Ahead: Bitcoin could surprise investors this week Premium

Week Ahead: Bitcoin could surprise investors this week

Two main macroeconomic events this week could attempt to sway the crypto markets. Bitcoin, which showed strength last week, has slipped into a short-term consolidation. However, a shift in momentum could soon bring forth a momentary rally for BTC and altcoins. 

More Bitcoin News

XRP slides to $0.50 as ETHgate controversy resurfaces, Ripple CTO debates impact on litigation

XRP slides to $0.50 as ETHgate controversy resurfaces, Ripple CTO debates impact on litigation

Ripple (XRP) loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission (SEC) filing of opposition brief to Ripple’s motion to strike expert testimony. 

More Ripple News

Bitcoin: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin: BTC’s next breakout could propel it to $80,000

Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read full analysis

BTC

ETH

XRP