• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Solana intends to deploy Firedancer in 2025 amid increasing DePIN activity

Solana intends to deploy Firedancer in 2025 amid increasing DePIN activity

user avatar

by Eve Adams

2 years ago


DePIN Solana Foundation leader Kulin Nimkar stated that Solana plans to release the full version of the Firedancer update in 2025, with "lite versions" available beforehand.

The update aims to enhance the reliability and scalability of Solana (SOL) as the activity of decentralized infrastructure protocols continues to grow.

We see a lot of promising deep projects that do everything, Kulin said about DePIN activities at DEFICON on May 23.

DePIN, or decentralized physical infrastructure networks, involves using blockchain to manage and operate physical infrastructure systems.

According to Kulin, the use cases for DePIN in the Solana ecosystem include protocols working on decentralized energy solutions, such as homeowners creating interconnected virtual power plants, as well as GPU networks and data collection. For example, some projects incentivize users to install browser extensions that scan the internet and collect data for training large language models.

Protocols driving DePIN activity on Solana include Helium (HNT), Hivemapper (HONEY), and Render (RNDR). Dune Analytics data shows the number of Hivemapper "cartographers" grew from about 30,000 connected drivers to nearly 67,000 in May 2024.

Total users

As node operators for the Hivemapper protocol, cartographers use dashboard-mounted cameras to capture video of streets and intersections while driving. These video data are then used to create maps for various purposes, including navigation. Cartographers are rewarded with the protocol's native token for their contributions.

Each of us has probably experienced looking at Street View and thinking, 'This is not at all what my neighborhood looks like.' The reason is how Street View is created, mainly with a fleet of cars owned and operated by Google. But owning and operating a fleet is really expensive. It's much cheaper to pay people who are already driving to collect this data, Kulin noted.

It is said that Solana's high transaction speed and low cost are incentives for DePIN projects, but network congestion and outages continue to create problems for developers. On February 9, the Solana network experienced another prolonged outage, causing nearly five hours of downtime.

One important thing is that we are paying a lot of attention to launching Firedancer, Kulin said about the independent validator client being developed in collaboration with Jump Crypto.
0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Goldman Sachs Reports Exposure to XRP Trust Products

chest

Goldman Sachs has reported exposure to XRP trust vehicles in its SEC filings, indicating a regulated approach to crypto assets.

user avatarNguyen Van Long

BNB Chain Exceeds Solana in Tokenized Stock Trading Volume.

chest

BNB Chain has reached a tokenized stock trading volume of 52 billion, surpassing Solana in this market segment.

user avatarSatoshi Nakamura

Cardano Foundation Warns SPOs Against Passive Governance Abstention

chest

The Cardano Foundation warns Stake Pool Operators (SPOs) about the risks of automated abstention in governance, emphasizing the need for active participation to ensure effective governance during the Voltaire era.

user avatarJesper Sørensen

Arthur Hayes Questions Utility of Cardano and XRP

chest

Arthur Hayes questions the real-world transaction demand for Cardano and XRP, urging their communities to provide clearer evidence of utility.

user avatarRajesh Kumar

Analysts Predict XRP and BNB to Reach $100B Market Cap by Late 2026

chest

Analysts from Finbold predict XRP and BNB could reach a $100 billion market cap by late 2026, based on market developments and trader sentiment.

user avatarLucas Weissmann

Sharplink Acquires 10,000 ETH and Completes Share Buyback

chest

Sharplink has added 10,000 ETH to its treasury for around $16 million and completed a share buyback of over 21 million shares of SBET.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.