Bearish
Solana's Alpenglow upgrade leads to 3.4% price drop despite ETF inflows
Despite the recent Alpenglow upgrade aimed at enhancing Solana's network efficiency, the cryptocurrency experienced a 3.4% price decline. This downturn occurred even as exchange-traded fund (ETF) inflows into Solana continued to rise, indicating that the market's reaction to the upgrade was not as positive as anticipated.
Key points
- Solana's price fell by 3.4% following the Alpenglow upgrade, despite ETF inflows.
- The Alpenglow upgrade, developed by Anza, replaces Solana’s TowerBFT voting system with Votor, aiming to reduce block finality time to approximately 150 milliseconds.
- The upgrade maintains compatibility with existing applications, requiring no changes to the Solana Virtual Machine, transactions, programs, or fees.
Sources
AI-generated from public news sources. Not financial advice.
