The Protocol: Solana Becomes Developers' Top Choice; Major Upgrade for Avalanche
Crypto/Tech

The Protocol: Solana Becomes Developers' Top Choice; Major Upgrade for Avalanche

A recap of key developments in the cryptocurrency technology landscape, focusing on Solana's surge in popularity and significant updates in the Avalanche network.

Welcome to The Protocol

CoinDesk's weekly roundup of the key happenings in cryptocurrency tech development. In this edition:

  • Solana attracts 7,625 new developers in 2024, more than any other blockchain, highlighting its growing influence in the industry. The network’s low fees and rapid transaction capabilities are drawing significant talent and investments.
  • The launch of the Pudgy Penguins NFT project on Solana resulted in unprecedented daily transaction counts, surpassing all major blockchains combined.
  • Kraken has launched its layer-2 solution, Ink, ahead of schedule, aiming to compete with Coinbase’s successful Base framework.
  • Avalanche activated its Avengers9000 upgrade, introducing vital technical changes to reduce operational costs and attract new developers.
  • ENS Labs has selected Linea's zero-knowledge rollup technology to enhance its upcoming layer-2 network.
  • The launch of an automated market maker for trading Runes on Stacks aims to enhance liquidity and trading speed in Bitcoin's ecosystem.

For Further Insights: Explore detailed articles on each topic by visiting the respective links, such as on Solana's Developer Growth, Kraken's Ink Launch, and Avalanche Upgrade.

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