Going live on mainnet with an upgrade is progress; whether users will be more inclined to use the applications as a result is another question. An overnight update from Jinse Finance on October 22 said that Solana’s Alpenglow consensus upgrade had gone live on mainnet. The rollout is worth noting, but the report provided no data on performance changes or user activity. It therefore cannot be used to claim that transactions are faster or that there are more applications, nor as proof of ecosystem retention.
Binance spot rolling 24 hours: $SOL -0.50%. Binance spot rolling 24 hours: $JUP +2.11%. Binance spot rolling 24 hours: $RAY -2.90%. The three moved in different directions, describing only their respective price changes. Their movement alongside the upgrade news does not mean the upgrade caused the market changes. Nor can $JUP and $RAY be said to have benefited from the upgrade simply because they are part of the Solana ecosystem.
What I’d rather ask is whether the upgrade has practical uses: can ordinary users trade or use applications more smoothly afterward? There’s currently no information to answer that question, and no data showing changes in activity or retention. If verifiable application performance data becomes available, we can have a more grounded discussion about whether users are benefiting. Until then, the mainnet launch should be treated as a reported technical development, without crediting it with results that have yet to be verified. #Solana #Ecosystem
Binance spot rolling 24 hours: $SOL -0.50%. Binance spot rolling 24 hours: $JUP +2.11%. Binance spot rolling 24 hours: $RAY -2.90%. The three moved in different directions, describing only their respective price changes. Their movement alongside the upgrade news does not mean the upgrade caused the market changes. Nor can $JUP and $RAY be said to have benefited from the upgrade simply because they are part of the Solana ecosystem.
What I’d rather ask is whether the upgrade has practical uses: can ordinary users trade or use applications more smoothly afterward? There’s currently no information to answer that question, and no data showing changes in activity or retention. If verifiable application performance data becomes available, we can have a more grounded discussion about whether users are benefiting. Until then, the mainnet launch should be treated as a reported technical development, without crediting it with results that have yet to be verified. #Solana #Ecosystem