Introducing Constellation: a multiple concurrent proposers protocol for Solana. With proposers operating on a 50ms cycle, Constellation gives Solana the fastest protocol enforced economic tick rate of any blockchain.🧵
BREAKING: The SEC has formally classified SOL as a digital commodity in its new crypto asset taxonomy, alongside BTC, ETH, and 14 other assets.
SOL is not a security.
Internet capital markets are the future of capital markets.
So we put Solana on Wall Street, right next to the NYSE and Nasdaq.
Now open @ 35 Wall Street, NYC. 👇
1/ SIMD-0370, by Jump’s Firedancer team, proposes removing Solana’s fixed compute unit block limit after Alpenglow. This would eliminate static caps on block limits and have validators skip blocks they can’t process in time. Here’s what changes 🧵
BREAKING: The U.S. Commerce Department will begin distributing GDP data on Bitcoin, Ethereum, and Solana 🔥🔥🔥
Pyth Network will help verify economic data onchain.
gAlpenglow 🌄
It’s a beautiful Sunday t̶o̶ ̶t̶o̶u̶c̶h̶ ̶g̶r̶a̶s̶s̶ ̶ for @cavemanloverboy to ship 104,529 TPS on Solana mainnet.
We’ve got you covered with Solana highlights that you might’ve missed last week:
- The Solana community governance process began for SIMD 326: Alpenglow. Alpenglow is a new consensus algorithm from @anza_xyz research that aims to achieve 150ms finality on proposed blocks. Follow @SolanaStatus for more protocol updates.
- @cavemanloverboy pushed the limits of what’s possible with distributed systems, shipping 104,529 TPS on Solana mainnet on the Cavey Cool Validator, running the Frankendancer validator client
- A new dashboard cooked up by @4k_mira launched, tracking when Solana will flip the NASDAQ in trades per day at flipthe(dot)market (h/t @ledger_top for the data)
- @SolanaReserve introduced the Bloomberg Terminal for institutional SOL adoption, a dashboard built and maintained by @cookinsol tracking the public companies that hold SOL. Now anyone can track, graph, and follow Solana DATs in real-time.
- @OSL_HK became the first exchange in Hong Kong to offer Solana (SOL) trading to retail traders
- CMB International — one of Asia’s leading asset managers — tokenized CMB’s HK–Singapore Mutual Recognition Fund on Solana as CMBMINT with @DigiFTTech and @OnChain_RWA
- @Superteam introduced the Solana APAC tour for the global Solana community, featuring five startup villages in Bali 🇮🇩, Tokyo 🇯🇵, Seoul 🇰🇷, Ho Chi Minh City 🇻🇳, and Singapore 🇸🇬 from August into September
- @Heliuslabs and resident bald @mert introduced the first Solana orderflow product that enables automatic direct SOL rebates to users
- Futu Securities International — one of Asia’s largest SFC-licensed brokers with $100B in assets — now offers Solana trading to eligible traders on the @futufriends App
- @BitPay, which processes $1.3B+ in annual crypto payments for 130K+ merchants, added support for SOL, USDC, and USDT payments on Solana
- @multisig partnered with @Coinbase to accelerate stablecoin adoption on Solana
- @GrandmAIsters went live on Solana mainnet, enabling users to turn any image into an anime agent that plays chess for money, with play strength tied to agent marketcap
- @peekdotfun launched their app powered by Solana, bringing a launchpad for culture that rewards creators for curating anything on the internet
- @TRUFNETWORK launched on Solana, enabling users to build markets based on any price index - from Rolex prices to rainfall in Nepal
- @PlenaFinance launched Noah AI, enabling devs to build Solana dApps with AI prompting
- @StepFinance launched their mobile wallet ft. One-Click™ earning technology where users can deploy tokens into yield products across Solana directly from wallets, powered by @saydialect Blinks.
- @farcaster_xyz introduced 0% swap fees on Solana
As always, tag anything we missed in the comments and yell (gently). Keep shipping and we’ll run it back next week 🫡
1/ Rotor is Solana’s new block propagation protocol introduced in the Alpenglow upgrade. It’s a single layer of relayers that replaces Turbine’s multi-hop, delivering blocks faster and more uniformly across the network 🧵
Introducing BAM: The Block Assembly Marketplace that revolutionizes how Solana processes transactions.
Private. Transparent. Verifiable.
This is how Solana wins ⬇️
1/ Introducing the largest Solana Protocol change ever: Alpenglow, Solana's new consensus protocol conceived by the Anza Research team. Say goodbye to Tower BFT and Proof of History. Say hello to Votor & Rotor 🧵👇
SIMD-228 was a historic milestone for crypto.
Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem and its governance process. Over 74% of stake turned up to vote on the proposal. Yes votes were 43.6% of stake, no votes were 27.4% and abstains were 3.3%.
To put that in context, SIMD-228 was the biggest crypto governance vote ever—by both number of participants and participating market cap of any ecosystem, chain, or network.
For context, Solana's market cap during the SIMD-228 governance debate was comparable to Bitcoin's market cap during the mid-2017 blocksize wars.
If this vote tells us one thing, it’s that the state of the Solana network is strong. This was a meaningful scaling stress test—a social, rather than technical, stress test—and the network passed despite a wide stratification of diverging opinions and interests.
A huge diversity of participating stakeholders showed up and contributed: validators big and small, stakers, ecosystem developers, core contributors, the Foundation, investors, exchanges, wallets, custodians, applications, etc. Institutions were far more involved in SIMD 228 than any other governance proposal, clearly demonstrating Solana’s growing institutional adoption.
Over 74% of stake voted across 910 individual validators. This vote is evidence that the network is thriving and fully decentralized.
We uncovered many learnings along the way. These are clear opportunities for improvements to the voting process. I’ll expand my thoughts on those soon.
I want to thank everyone who participated in the debate and put themselves in the public arena in service of advancing Solana governance. Public discourse is critically important and it takes a critical mass of people who really care. We ended up revising this proposal over 7 weeks on numerous occasions before it went to a final vote. That wouldn’t have been possible without the contributions of Solana’s passionate community.
I also want to thank the community for voting. The community spoke, and we’re going to listen and incorporate the feedback we heard.