Liquid Stake with compassSOL for an 9.66% APY from staking, MEV + fees

Enjoy the freedom of liquid staking in Solana Defi while delegating your stake to the high performance Solana Compass validator. Stake or unstake at any time here, or with a Jupiter swap.

Benefit from our high staking returns and over 2 years experience operating a Solana validator, and receive additional yield from priority fees + MEV tips

Earn 7.0% APY staking with Solana Compass

Help decentralize and secure the Solana network delegating your stake to us and earn an impressive 7.0% APY yield on your SOL, while supporting us to create new guides and tools. Learn more

Stake your SOL

  1. Click to connect your wallet
  2. Enter the amount you wish to stake
  3. Kick back and enjoy your returns
  4. Unstake from your wallet or our staking dashboard

Earn 7.0% APY staking with Solana Compass

Help decentralize and secure the Solana network delegating your stake to us and earn an impressive 7.0% APY yield on your SOL, while supporting us to create new guides and tools.

Learn more

Solana Changelog Oct 23

By Changelog

Published on 2023-10-31

Discover how Solana is attracting more developers than ever, with insights on the largest crypto hackathon and recent performance optimizations.

The notes below are AI generated and may not be 100% accurate. Watch the video to be sure!

Solana's Momentum: Record-Breaking Hackathon and Surge in Developer Interest

In the rapidly evolving world of blockchain technology, Solana continues to make waves with its impressive growth and increasing appeal to developers. The latest episode of the Solana Changelog, hosted by Jacob and Nick, brings to light several exciting developments that underscore Solana's rising prominence in the crypto space.

Colosseum: The Largest Crypto Hackathon Ever

The recent conclusion of Colosseum, Solana's latest hackathon, has set a new benchmark in the crypto world. With an astounding 1,359 project submissions, it has officially become the largest crypto hackathon ever conducted. This remarkable achievement represents a significant increase of over 30% compared to the previous hackathon, showcasing the growing enthusiasm and engagement within the Solana ecosystem.

Nick expressed his excitement about this milestone, stating:

"It's great to see more Solana developers entering the ecosystem, building new projects and hopefully turning into new founders and new larger projects in the ecosystem."

This surge in participation not only demonstrates Solana's appeal to developers but also hints at the potential for a wave of innovative projects and startups emerging from the hackathon. The diversity and quality of submissions suggest a bright future for the Solana ecosystem, with new ideas and applications poised to enhance the platform's utility and reach.

A16Z Report: Solana Leads in Builder Interest

Further cementing Solana's position as a preferred blockchain for developers, a recent report from Andreessen Horowitz (A16Z) revealed a significant trend in builder interest. The report indicates that Solana experienced the largest increase in builder interest among all blockchains, particularly among founders.

Jacob highlighted the implications of this trend:

"More and more people are building on Solana and the opportunity to build on Solana, meaning the availability of jobs, if these are the founders and actually getting through to building these projects, the availability of jobs will also increase."

This surge in interest from founders and builders is a strong indicator of Solana's growing ecosystem. It suggests that we can expect an influx of new projects, startups, and job opportunities within the Solana space in the coming months and years. The increased attention from founders could lead to more innovative applications, further enhancing Solana's position in the competitive blockchain landscape.

SIMD 184: Block Writable Account Data Limits

The Changelog also delved into technical developments, discussing a significant proposed change to Solana's architecture. SIMD 184, proposed by Brendan Washington, introduces a cap on the amount of account data that can be written per block on the Solana cluster.

Jacob explained the proposal:

"Today there is a writable account limit per account of 100 megabytes. So per block and a specific account, you can only write to that account 100 megabytes each block. And there's no overall cap for all accounts being written to today on the cluster per block. So this is adding that cap."

The proposed change would set a limit of 2 gigabytes of account data that can be written per block on the entire cluster. This modification is in anticipation of a new feature called direct mapping, which will make it easier to write accounts to Solana. By implementing this cap, the network aims to maintain stability and performance as it introduces more powerful writing capabilities.

This proactive approach to scaling demonstrates Solana's commitment to maintaining high performance even as it expands its capabilities. The implementation of such limits shows foresight in managing network resources and ensuring smooth operations as the ecosystem grows.

Windows Support Improvements

In a move to enhance developer accessibility, recent commits have addressed issues that Windows developers were facing when installing and using the Agave tool suite. This improvement in Windows support is a significant step towards making Solana development more inclusive and accessible across different operating systems.

Nick emphasized the importance of this update:

"Windows support is sort of being fixed up, which is great."

By improving compatibility with Windows, Solana is opening its doors to a broader developer base. This move could potentially accelerate adoption and contribution from developers who prefer or are required to work in Windows environments, further diversifying the Solana developer community.

Performance Optimizations

The Changelog highlighted several performance optimizations that have been recently implemented or are in the pipeline for Solana. One notable improvement involves batching transactions that are being written to the database. According to the metrics shared, this optimization has resulted in a two to three times increase in efficiency.

Nick expressed enthusiasm about these ongoing improvements:

"I feel like a lot of the times what we're finding is that there's two to three times efficiency increases on something everywhere. And we're just like slowly working through them. It's great."

These continuous performance enhancements are crucial for Solana's scalability and efficiency. As the network grows and handles more transactions, such optimizations ensure that Solana can maintain its high-speed, low-cost transactions, which are key selling points of the platform.

Package Metadata: Enhancing Developer Experience

An interesting development in the Solana ecosystem is the introduction of a new package by John Chinkway. This package allows developers to declare their program ID within the cargo tunnel for their program. While this might seem like a minor change, it has significant implications for improving the developer experience.

Jacob explained the potential impact:

"If everyone starts doing this, it'll make it so if you're testing or depending on other programs, it's super easy to determine what their program ID is, which then in case you can fetch their program from the chain if you need it."

This feature simplifies the process of local development and testing, especially when working with multiple programs or dependencies. It's an excellent example of how small improvements in developer tools can lead to significant enhancements in productivity and ease of use.

Pinocchio: A Dependency-Free Version of Solana Program

The Changelog also introduced Pinocchio, a dependency-free version of the Solana program. This innovative approach to Solana development offers several advantages, including decreased build times and fewer dependency issues.

Jacob highlighted the potential of Pinocchio:

"It's a really cool way of doing Solana programs and I personally want to see something like this get more adopted or at least some of these changes that enabled this be pulled into like the Solana program itself so that you can get some of the efficiency."

While Pinocchio offers significant benefits, it's worth noting that it handles some elements, such as public keys, differently from the standard Solana program. This means that developers can't do a direct one-to-one translation of their existing programs. However, the potential for improved efficiency and simplified dependency management makes Pinocchio an interesting development to watch in the Solana ecosystem.

Solana Developer Bootcamp: Fostering New Talent

In an exciting announcement for aspiring blockchain developers, Solana has released a comprehensive developer bootcamp. This extensive educational resource offers 19 hours of content, designed to take developers from blockchain novices to proficient Solana developers.

Jacob described the breadth of the bootcamp:

"If you're a developer, you don't even need to know blockchain, but you can go through this bootcamp and learn how to be a pretty good Solana developer by the end of it to where you're building DeFi applications, you're building like decentralized stable coins."

The bootcamp covers a wide range of topics, starting from basic concepts like what blockchain is and building simple counters, to advanced topics like creating decentralized finance (DeFi) applications and stable coins. This resource represents a significant investment in growing the Solana developer community and lowering the barrier to entry for blockchain development.

By providing free, high-quality educational content, Solana is positioning itself as a welcoming platform for developers of all skill levels. This initiative could lead to an influx of new talent into the ecosystem, potentially accelerating innovation and expanding the range of applications built on Solana.

Stack Exchange: A Growing Knowledge Base

The Changelog concluded with an update on the Solana Stack Exchange, highlighting the top contributors for the week. This growing knowledge base is becoming an invaluable resource for Solana developers, providing a platform for asking questions, sharing knowledge, and solving common development challenges.

Nick emphasized the importance of community contribution:

"Just as a general reminder, remember, if you contribute to stack exchange, it helps all current and future developers. I definitely go on there, upvote good questions and answers. That's the easiest way to contribute."

The Stack Exchange serves as a living document of Solana development knowledge, accessible to anyone through a simple Google search. By encouraging participation and recognizing top contributors, Solana is fostering a supportive and knowledgeable developer community.

Conclusion: Solana's Bright Future

The latest Solana Changelog paints a picture of a blockchain ecosystem that is rapidly growing, continually improving, and increasingly attractive to developers. From record-breaking hackathons to performance optimizations and educational initiatives, Solana is making strides in all areas that matter for a thriving blockchain platform.

The surge in developer interest, as evidenced by the A16Z report and the success of the Colosseum hackathon, suggests that Solana is well-positioned for future growth. The ongoing technical improvements and the introduction of developer-friendly tools and resources indicate a strong commitment to maintaining Solana's competitive edge in terms of performance and ease of use.

As the ecosystem continues to expand and mature, we can expect to see a proliferation of innovative applications and use cases built on Solana. The platform's focus on speed, efficiency, and developer experience is likely to attract even more talented individuals and teams in the coming months and years.

For developers, entrepreneurs, and blockchain enthusiasts, Solana presents an exciting opportunity to be part of a rapidly evolving and increasingly influential blockchain ecosystem. As the platform continues to grow and improve, it's clear that Solana is not just keeping pace with the blockchain revolution – it's helping to lead it.

Facts + Figures

  • Colosseum, Solana's recent hackathon, received 1,359 project submissions, making it the largest crypto hackathon ever.
  • The hackathon saw a 30% increase in submissions compared to the previous one.
  • A recent A16Z report revealed that Solana experienced the largest increase in builder interest among all blockchains, particularly among founders.
  • SIMD 184 proposes a cap of 2 gigabytes of account data that can be written per block on the entire Solana cluster.
  • A recent performance optimization for batching transactions resulted in a 2-3 times increase in efficiency.
  • Solana has released a comprehensive developer bootcamp offering 19 hours of content.
  • The bootcamp covers topics from basic blockchain concepts to building DeFi applications and decentralized stablecoins.
  • Pinocchio, a dependency-free version of the Solana program, has been introduced to improve efficiency and simplify dependency management.
  • Recent commits have improved Windows support for the Agave tool suite, making Solana development more accessible across different operating systems.
  • The Solana Stack Exchange continues to grow, providing a valuable knowledge base for developers in the ecosystem.

Questions Answered

What was the significance of the recent Solana hackathon?

The recent Solana hackathon, called Colosseum, set a new record as the largest crypto hackathon ever with 1,359 project submissions. This represents a 30% increase from the previous hackathon, indicating growing interest and participation in the Solana ecosystem. The success of the hackathon suggests a bright future for Solana, with potential for new innovative projects and startups to emerge from the participating developers.

How is Solana attracting more developers?

Solana is attracting more developers through various means. According to a recent A16Z report, Solana experienced the largest increase in builder interest among all blockchains, particularly among founders. This surge in interest is likely due to Solana's high performance, low transaction costs, and developer-friendly tools. Additionally, Solana has released a comprehensive 19-hour developer bootcamp, providing free education to help newcomers learn blockchain development on the Solana platform.

What is SIMD 184 and why is it important?

SIMD 184 is a proposed change to Solana's architecture that introduces a cap on the amount of account data that can be written per block on the Solana cluster. It proposes a limit of 2 gigabytes of account data that can be written per block. This change is important because it aims to maintain network stability and performance as Solana introduces more powerful writing capabilities through features like direct mapping. It demonstrates Solana's proactive approach to scaling and resource management.

What is Pinocchio in the context of Solana development?

Pinocchio is a dependency-free version of the Solana program. It offers several advantages for developers, including decreased build times and fewer dependency issues. While it handles some elements differently from the standard Solana program, it represents an innovative approach to Solana development that could potentially improve efficiency and simplify dependency management. Its introduction showcases ongoing efforts to enhance the developer experience in the Solana ecosystem.

How is Solana improving support for Windows developers?

Recent commits have addressed issues that Windows developers were facing when installing and using the Agave tool suite on Solana. This improvement in Windows support is significant as it makes Solana development more accessible across different operating systems. By enhancing compatibility with Windows, Solana is opening its doors to a broader developer base, potentially accelerating adoption and contribution from developers who prefer or are required to work in Windows environments.

What resources are available for new Solana developers?

Solana offers several resources for new developers. The most comprehensive is the recently released Solana developer bootcamp, which provides 19 hours of content covering everything from basic blockchain concepts to building complex DeFi applications. Additionally, the Solana Stack Exchange serves as a growing knowledge base where developers can ask questions and share knowledge. These resources, combined with ongoing improvements to developer tools and documentation, make it easier for newcomers to start building on Solana.

Related Content

Breakpoint 2023: How Helium Migrated to Solana

The migration of the Helium network to Solana blockchain.

Solana Changelog Aug 14

Discover the latest Solana updates including SIMD-0164, Web3.js 2.0 Release Candidate, and improved developer tools for enhanced testing and deployment.

Solana Changelog October 23

Explore Solana's record-breaking hackathon, increased builder interest, and key updates enhancing developer experience and blockchain efficiency.

Solana Staking Rewards Calculator

Calculate your potential earnings when staking on the Solana network

Solana Changelog Oct 30th

Explore the latest Solana developments including Old Faithful RPC on Filecoin, verified builds in Explorer, and a new transaction size specification

Solana Changelog November 6th

Get the latest Solana updates including SIMD 189 for stricter ELF headers, Agave 2.1 pre-release, Web3.js 2.0 launch, and crucial developer insights.

How Much Do Solana Validators Make?

Curious about how Validators work on Solana?

Breakpoint 2023: Creator Economy on Solana

Exploring the rising creator economy on Solana with a focus on on-chain monetization and relationships.

Breakpoint 2023 Highlights

An overview of Solana's achievements and the future of decentralized networks presented at Breakpoint 2023.

How to Instantly Unstake + Withdraw SOL from Solana Staking

Learn how to unstake SOL from Solana staking and withdraw your SOL from Solana staking.

Breakpoint 2023: Securing FireDancer

FireDancer's security enhancements and strategies presented at Breakpoint 2023

Breakpoint 2023: tBTC comes to Solana

Discussions on the integration of tBTC, a decentralized Bitcoin, into the Solana ecosystem.

Solana Changelog October 30th

Exciting Solana ecosystem updates including NixOS builds, Old Faithful RPC on Filecoin, verified program builds, and Explorer improvements

xNFTs and Solana Phone ft. Armani Ferrante

Discover how xNFTs and the Solana Phone are revolutionizing Web3 mobile experiences with Coral founder Armani Ferrante.