Solana ecosystem updates, DeFi and NFT growth, and the latest on performance and network development.
FTX's management previous discounted sales of the Solana tokens had attracted criticisms from creditors.
Oluwapelumi Adejumo 2 min read 
The flagship crypto touched a low of $59,658 before modestly recovering to around $60,800 as of press time, based on CryptoSlate data.
Solana developers said the update is the first in a series aimed at addressing the network's congestion issues.
The decline mirrored a broader selloff across asset classes amid heightened global economic uncertainties and geopolitical risks.
Solana developers have deployed a fix for the congestion issues plaguing the network on the devnet to test stability before a full rollout.
Controversy erupts between DeFi lending platforms MarginFi, SolBlaze, and Solend
Solana processed roughly $1.4 trillion in stablecoin transfers in March, making up almost half of the market share.
The TVC mechanism introduces a new incentive structure for validators, rewarding faster transaction processing with higher vote credits.
Zeta said it leveraged Solana's soaring popularity to reach a record trading volume of over $1.2 billion in March.
