Solana rallies 9% as developers launches update to tackle network congestion

Solana rallies 9% as developers launches update to tackle network congestion

Solana developers have released a version 1.17.31 update to help the blockchain network battle the congestion issues it faced over the past month.
In an April 15 post on X, Solana’s Status said:
“The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network.”
Notably, this development marks the initial step in a series of upgrades to alleviate the network’s congestion woes.
Lately, Solana has experienced a surge in transaction failures. Analysts attribute these problems to the blockchain’s growing popularity and intense network activity, which is driven by automated bots seeking arbitrage opportunities.
The update
Anza, a Solana-focused devshop, said the update “contains enhancements which will help alleviate some of the ongoing network congestion and will be followed by further enhancements in v1.18.”
The firm added that validators should upgrade

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