Delphi Digital and institutional staking platform Chorus One have announced the launch of a new validator on Solana, aimed at enhancing the network's security and decentralization.
Collaboration for Solana's Stability
Delphi Digital and Chorus One have teamed up to create an institutional validator that will support Solana's sustainability and security. According to a joint announcement, leveraging the infrastructure and expertise of both platforms will enhance Solana staking for institutional clients.
Goals and Achievements of the New Validator
The new validator represents a commitment to reinforcing the decentralization and security of Solana, which Delphi believes will contribute to the network's long-term success. The launch of this validator also reflects Delphi's aim to expand its presence in the decentralized finance ecosystem, blending analytical insights with hands-on involvement.
Current State of Solana Network and Future
Solana currently ranks as the second-largest blockchain by total locked value after Ethereum, with over $11.4 billion in TVL according to DeFiLlama. With more than 1,000 validators in operation, Solana continues to showcase steady growth, bolstered by its low fees, speed, and strong developer community.
The collaboration between Delphi Digital and Chorus One to launch a new validator on Solana highlights the importance of institutional initiatives in enhancing decentralization and security in the blockchain, promising to support the future development of the network.
