Solana co-founder Anatoly Yakovenko made ambitious statements about the new version of Solana in his statement following Ethereum's latest Pectra update.
Yakovenko stated that with the Solana v2.2 release, there was a 20% increase in the network's processing power, which corresponds to a capacity increase five times that of Ethereum's Pectra update.
On Wednesday, the Ethereum network successfully launched Pectra, its third major update since Merge. The update aims to improve the network’s user experience, increase scalability, and strengthen staking flexibility. Pectra includes innovations such as account abstraction, adjustments to data storage requirements, increased validator staking limits, and greater flexibility in withdrawals.
Prior to Pectra, the Ethereum price had fallen by 33.3% from $2,727 to $1,818 in the past three months due to global economic pressures and geopolitical tensions with US President Donald Trump's trade wars.
But after Trump signed a trade deal with UK Prime Minister Keir Starmer on Thursday, markets began to recover. Bitcoin surpassed the $100,000 mark again, while Ethereum also broke the $2,000 threshold, reaching $2,400 today for the first time since early March.
*This is not investment advice.
