The first network update to begin addressing weeks of growing congestion that made Solana incredibly difficult to use as of late rolled out for validators early Monday.

Anza, the dev team that spun out of Solana Labs earlier this year, announced overnight that the v1.17.31 release of the Agave validator client—which is run by the computers that support the Solana network—was released with initial fixes for the congestion issues.

It’s not meant as a singular fix for the issues that have recently plagued the network, but rather a first step with more fixes on the way. According to Anza, this update “contains enhancements which will help alleviate some of the ongoing network congestion, and will be followed by further enhancements in v1.18.”

Solana’s network issues, which have stymied transaction attempts and other basic use cases, have come amid rising trading for meme coins and other tokens on the network. But there are other potential causes in play, including a Solana protocol that’s akin to Bitcoin mining, as well as accusations that infrastructure firms have been exploiting a bug to gain an advantage.

The Solana Foundation has said that the network’s woes are being caused by a “known bottleneck in the implementation of QUIC used on the Agave validator client,” the organization’s Head of Strategy Austin Federa tweeted last week. It was set to be fixed in the future, but rising network demand forced the issue.

Anza had been testing the update in recent days, and deployed a version to the Solana testnet on Friday, asking validators to “upgrade ASAP.” No official timeline has been set for the v1.18 upgrade, but developers are already warning that it too won’t be a silver bullet solution.

“Does this ‘solve all Solana congestion?’ No. Early tests indicate it does improve fee collection (picking more valuable incoming [transactions]) on the part of validators,” tweeted Anza’s Rex St. John. “Full impact will not be known until it has been tested in production.”

One-third of all validators are now running the v1.17.31 version of the validator client, according to data from blockchain explorer Solana Beach. Version 1.17.28 remains most used among validator operators, running on nearly 49% of all machines.

Edited by Ryan Ozawa.

The recently emerged Slothana ($SLOTH), a meme coin built on Solana, is rapidly gaining popularity. It has raised an impressive $10 million in just thirteen days, making it one of the most significant ongoing Solana presales. When the Solana network faced congestion issues, there was a decrease in overall activity on the chain, reaching a significant milestone.

The presale is ongoing, and the exchange rate is 10,000 $SLOTH tokens for every SOL token.

An engaged community and a team that values transparency

As a seasoned professional in the field, the team ensures that all project updates are effectively communicated through the official Slothana page, which boasts an impressive following of 14,000 individuals on X.

To ensure inclusivity among its followers, the team initiated a survey regarding the listing options. The community was allowed to vote for either a DEX-only listing or a listing on both a DEX and a CEX.

The survey post received an impressive response, with over 217,000 views and 5,700 votes. The majority of the community, 77%, favoured the multiple listing options.

On April 2nd, the Slothana team responded swiftly to a temporary domain block imposed by its ISP. The team quickly deployed a website version on slothana.io, temporarily replacing the official domain slothana.com for a few hours.

On April 5th, the team swiftly converted the SOL funds to USDT and transferred them from Solana to Polygon due to congestion on the Solana Network. With a deep understanding of the blockchain, prioritised the security of funds and maintained price stability. It’s worth noting that on the 5th of April, the price of SOL experienced a significant drop of over 10%, falling from $189 to $170.

The team quickly notified the community about X in this situation as well.

Slothana Novel introduces the “Send to Wallet” Presale Mechanism

Introduced by an individual with extensive knowledge of Blockchain, this emerging practice of crowdfunding directly from viewers intrigued Solana traders in March. Experts estimate that more than $100 million was raised in presales during the month through this innovative method.

The Slothana ($SLOTH) presale offers a distinctive method for individuals to engage in its fundraising efforts. Instead of the usual presale method, individuals interested in getting involved with Slothana must send $SOL directly to a wallet address on the project’s website. Alternatively, users can use the “Lazy Sloth Buying Widget” by connecting their wallet and sending $SOL.

After the token’s launch, $SLOTH will be distributed to all wallets that send $SOL.

As clearly stated on the website and X account, it is crucial to emphasize the significance of sending funds from a private wallet instead of an exchange wallet.

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